Federal Home Loan Mortgage Corporation
News and overview for Federal Home Loan Mortgage Corporation
EMC Insurance Group Inc. Reports 2009 Third Quarter Results Third Quarter 2009Operating Income Per Share -- $0.24Net Income Per Share -- $0.38Catastrophe and Storm Losses Per Share -- $0.79Large Losses Per Share -- $0.40GAAP Combined Ratio -- 107.2 percent
CNBC | 31 days 15 hours 5 minutes ago
DES MOINES, Iowa, Oct 23, 2009 (BUSINESS WIRE) -- --Nine Months Ended September 30, 2009Operating Income Per Share -- $1.58Net Income Per Share -- $1.35Catastrophe and Storm Losses Per Share -- $1.52Large Losses Per Share -- $1.35GAAP Combined Ratio -- 102.1 percentAnnual Operating Income Guidance Per Share -- $1.80 to $2.05 EMC Insurance Group Inc. (Nasdaq:EMCI) today reported operating income of $3,152,000 ($0.24 per share) for the third quarter ended September 30, 2009, compared to an oper...
Illinois sales up over '08 - a first since 2006 : SearchChicago Homes : News
Chicago Sun-Times | 31 days 7 hours 31 minutes ago
Statewide Illinois home sales increased year-over-year in the month of September for the first time since March 2006 with first-time buyers driving the rebound in sales.
Jerome Selitto Named CEO of PHH Corporation [Press Release]
Business Wire | 28 days 5 hours 2 minutes ago
The Board of Directors of PHH Corporation (NYSE:PHH) today announced that Jerome J. Selitto has been named President and Chief Executive Officer and appointed to the Board of Directors, effective immediately. George Kilroy, who in June had stepped in on an interim basis as Acting President and CEO of PHH, will continue to lead the company’s fleet management business and serve as a member of the company’s Board of Directors.
First BanCorp Reports Financial Results for the Third Quarter Ended September 30, 2009 [Press Release]
Business Wire | 24 days 12 hours 55 minutes ago
First BanCorp (the “Corporation”) (NYSE: FBP) today reported a net loss for the quarter ended September 30, 2009 of $165.2 million, compared to a net loss of $78.7 million for the quarter ended June 30, 2009, and net income of $24.5 million for the quarter ended September 30, 2008. For the nine-month period ended September 30, 2009, the Corporation incurred a net loss of $222.0 million, compared to net income of $91.1 million for the same period in 2008. The third quarter and nine months loss...
Broadway Financial Corporation Reports Third Quarter Net Earnings [Press Release]
Business Wire | 18 days 7 hours 44 minutes ago
Broadway Financial Corporation (the “Company”) (NASDAQ Small-Cap: BYFC), parent company of Broadway Federal Bank, f.s.b. (the “Bank”), today reported third quarter net earnings of $333 thousand, or $0.10 diluted earnings per common share, down $296 thousand, or 47.06%, when compared with net earnings of $629 thousand, or $0.34 diluted earnings per common share, in the third quarter of 2008. The decrease in net earnings was primarily due to a $1.2 million increase in the provision for loan los...
President Bill Clinton and Secretary of State Hillary Clinton Close Fifth Annual Meeting of the Clinton Global Initiative [Press Release]
PRNewswire | 58 days 6 hours 12 minutes ago
...chairman of the Federal Deposit Insurance Corporation, James Dimon...progress toward loan repayment...high rates of home deliveries...progress toward loan repayment...20,000 a home. This project...Affordable Mortgage and Loan Corporation in its efforts...
Independent Bank Corporation Reports 2009 Third Quarter Results [Press Release]
PRNewswire | 28 days 14 minutes ago
IONIA, Mich., Oct. 26 /PRNewswire-FirstCall/ --
MGIC Investment Corporation Reports Third Quarter 2009 Results [Press Release]
PRNewswire | 38 days 5 hours 9 minutes ago
MILWAUKEE, Oct. 16 /PRNewswire-FirstCall/ --
Bank of Commerce Holdings(TM) Announces Second Quarter 2009 Operating Results [Press Release]
PRNewswire | 111 days 5 hours 42 minutes ago
REDDING, Calif., Aug. 4 /PRNewswire-FirstCall/ --
Trustmark Corporation Announces Third Quarter 2009 Financial Results and Declares $0.23 Quarterly Cash Dividend [Press Release]
Business Wire | 27 days 4 hours 59 minutes ago
Trustmark Corporation (NASDAQ:TRMK) announced net income available to common shareholders of $22.4 million in the third quarter of 2009, which represented basic earnings per common share of $0.39. Trustmark’s third quarter 2009 net income produced a return on average tangible common equity of 13.06%. During the first nine months of 2009, Trustmark’s net income available to common shareholders totaled $59.2 million, which represented basic earnings per common share of $1.03. Trustmark’s perfor...
S&T Bancorp, Inc. Announces Results [Press Release]
PRNewswire | 35 days 7 hours 44 minutes ago
INDIANA, Pa., Oct. 19 /PRNewswire-FirstCall/ -- S&T Bancorp, Inc.
Company that operates 2 NH hospitals, office gets $136.4M fed loan for expansion, renovation
Orlando Sentinel (Fla.) | 19 days 8 hours 31 minutes ago
CONCORD, N.H. (AP) — A company that operates two hospitals and a medical office in New Hampshire is getting a $136.4 million federal loan for expansion and renovation projects.
Peoples Financial Corporation Earns $974,000 in Third Quarter 2009 [Press Release]
PRNewswire | 34 days 13 minutes ago
Peoples Financial Corporation Earns $974,000...Peoples Financial Corporation , parent of The Peoples...preferred shares of Federal Home Loan Mortgage Company, commonly...Peoples Financial Corporation, listed on the NASDAQ...
What's Next for Mortgage Rates?
BusinessWeek | 4 days 1 hour 37 minutes ago
Sometime in the next five months, the Fed will stop buying mortgage-backed securities. Get ready for higher rates
Salisbury Bancorp, Inc. Announces Results for the Second Quarter Ended June 30, 2009 [Press Release]
PRNewswire | 110 days 5 hours 11 minutes ago
...increased provision for loan loss, and the special...assessment imposed by the Federal Deposit Insurance Corporation (FDIC) upon the...related to increased loan production from our mortgage originators during...150,593,407 Federal Home Loan Bank stock...
Company Overview
| Company: | Federal Home Loan Mortgage Corporation |
|---|---|
| Industry: | Mortgage Banking & Related Services |
| Website: | http://www.freddiemac.com |
Freddie Mac (officially the Federal Home Loan Mortgage Corporation) is a government-sponsored enterprise that, along with its sister agency the Federal National Mortgage Association (Fannie Mae), creates liquidity in the residential mortgage market by guaranteeing, purchasing, securitizing, and investing in home loans. The company buys conventional residential mortgages from mortgage bankers, mitigating risk and letting them provide mortgages to those who otherwise wouldn't qualify. It also provides assistance for affordable rental housing. In September 2008 the government seized the company, crippled by the mortgage crisis, in one of the largest government interventions in business since the Great Depression.
Key Numbers
| Sales in U.S. Dollars (mil.) | -22,379 (2008) |
|---|---|
| One-year % Growth in Sales | 0.0 (2008) |
| Net Income in U.S. Dollars (mil.) | -50,119 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 5,012 (2008) |
| One-year % Growth in Number of Employees | 0.2 (2008) |
| Fiscal Year-End | December |