Federal Home Loan Mortgage Corporation
News and overview for Federal Home Loan Mortgage Corporation
Capitol Federal Financial Reports Third Quarter 2009 Results [Press Release]
PRNewswire | 111 days 14 hours 57 minutes ago
TOPEKA, Kan., Aug. 4 /PRNewswire-FirstCall/ -- Capitol Federal Financial
Westamerica Bancorporation Third Quarter 2009 Financial Results [Press Release]
Business Wire | 40 days 9 hours 46 minutes ago
Westamerica Bancorporation (NASDAQ: WABC) earned net income applicable to common shareholders of $23.8 million, or $0.81 per diluted common share (“EPS”), for the three months ended September 30, 2009, compared to net income applicable to common shareholders of $22.1 million, or $0.75 EPS, for the three months ended June 30, 2009. During the third quarter 2009, Westamerica completed systems conversions and branch consolidations related to the purchase of assets and assumption of liabilities o...
FirstMerit Reports Third Quarter 2009 EPS of $0.27 Per Share [Press Release]
PRNewswire | 27 days 10 hours 58 minutes ago
...168,951 Mortgage loans 555...617,265 Home equity loans...allowance for loan losses 100...other than federal income taxes...Bankcard, loan processing...FIRSTMERIT CORPORATION AND SUBSIDIARIES...ALLOWANCE FOR LOAN LOSSES - Net...892 10,727 Mortgage 1,455 1...060 17,464 Home equity 1...
Cadence Financial Corporation Reports Third Quarter Results [Press Release]
Business Wire | 28 days 7 hours 15 minutes ago
Cadence Financial Corporation (NASDAQ: CADE), a $1.8 billion bank holding company whose principal subsidiary is Cadence Bank, N.A., today reported a net loss applicable to common shareholders of $13.1 million, or $1.10 per diluted share, for the third quarter ended September 30, 2009, compared with a net loss of $5.3 million, or $0.44 per diluted share, for the third quarter of 2008. The loss for the 2009 period was due primarily to a high provision for loan losses and higher non-interest exp...
First Financial Bancorp Reports Third Quarter 2009 Earnings & Financial Results [Press Release]
PRNewswire | 17 days 22 hours 28 minutes ago
CINCINNATI, Nov. 5 /PRNewswire-FirstCall/ --
Text of Bernanke speech - MarketWatch
MarketWatch | 7 days 10 hours 4 minutes ago
When I last spoke at the Economic Club of New York a little more than a year ago, the financial crisis had just taken a much more virulent turn. In my remarks at that time, I described the extraordinary actions that policymakers around the globe were taking to address the crisis, and I expressed optimism that we had the tools necessary to stabilize the system.
Legacy Bancorp, Inc. Reports Results for Quarter Ended September 30, 2009 [Press Release]
Business Wire | 26 days 6 hours 28 minutes ago
Legacy Bancorp, Inc. (the “Company” or “Legacy”) (NASDAQ: LEGC), the holding company for Legacy Banks (the “Bank”), today reported a net loss of $1.7 million, or $0.21 per diluted share for the quarter ended September 30, 2009, as compared to net income of $564,000, or $0.07 per diluted share in the third quarter of 2008. Year to date, the Company has incurred a net loss of $4.0 million, or $0.50 per diluted share, as compared to net income of $1.9 million, or $0.23 per diluted share for the ...
Stellar Business Bank Announces Third Quarter 2009 Results [Press Release]
Business Wire | 28 days 9 hours 9 minutes ago
Stellar Business Bank (OTCBB: SLRB) announced its third quarter 2009 financial results. As of September 30, 2009, the Bank reported total assets of $105.9 million, total deposits of $82.2 million and net total loans of $34.0 million, which represents an increase of 20%, 21% and 16%, respectively, from the third quarter of 2008, with an additional $3.1 million in unfunded loan commitments, no non-performing loans, and no residential “sub prime” mortgage loans.
E*TRADE FINANCIAL Corporation Announces Third Quarter 2009 Results [Press Release]
Business Wire | 27 days 7 hours 23 minutes ago
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC)
Westfield Financial, Inc. Reports Results for the Quarter and Nine Months Ended September 30, 2009 and Declares Regular and Special Dividends [Press Release]
Business Wire | 26 days 12 hours 3 minutes ago
Westfield Financial, Inc. (the “Company”) (NASDAQ:WFD), the holding company for Westfield Bank (the “Bank”), reported net income of $1.2 million, or $0.04 per basic and diluted share, for the quarter ended September 30, 2009, compared to $2.0 million, or $0.07 per basic and diluted share, for the same period in 2008. For the nine months ended September 30, 2009, net income was $3.5 million, or $0.12 per basic and diluted share, compared to $6.0 million, or $0.20 per basic and diluted share fo...
RCS to Purchase $1.3 Billion in Residential Mortgage Loans From FDIC [Press Release]
PRNewswire | 68 days 4 hours 56 minutes ago
...Deposit Insurance Corporation ("FDIC...of residential mortgage loans conducted...for the Legacy Loan Program (LLP...Treasury, the Federal Reserve, and...limited liability corporation (LLC) that...entire pool of mortgage loans. RCS and...participant in the Home Affordable Modification...
Federal Home Loan Bank of Topeka Selects TPG Software s Portfolio Genius [Press Release]
Business Wire | 7 days 10 hours 8 minutes ago
FHLBank adopts leading investment management and accounting platform.
Atlantic Coast Federal Corporation Reports Third Quarter Results [Press Release]
Business Wire | 24 days 16 hours 58 minutes ago
Atlantic Coast Federal Corporation (NASDAQ:ACFC), the holding company for Atlantic Coast Bank, today reported results for the third quarter and first nine months of 2009. Although the Company reported a net loss for the third quarter, it also reported the first decline in the level of non-performing loans in more than two years.
Peapack-Gladstone Financial Corporation Reports Third Quarter Results of Operations [Press Release]
Business Wire | 21 days 13 hours 8 minutes ago
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:PGC) (the Corporation) recorded net income for the nine months ended September 30, 2009 of $5.7 million compared to $10.6 million for the same nine month period of 2008. For the nine months of 2009, diluted earnings per common share after effect of the preferred stock dividend were $0.53 as compared to diluted earnings per common share of $1.20 for the same nine months of 2008.
Fitch Assigns 'AAA' Rating to Federal Home Loan Bank of Atlanta [Press Release]
Business Wire | 6 days 12 hours 34 minutes ago
Fitch Ratings has assigned a long-term and short-term Issuer Default Rating (IDR) to Federal Home Loan Bank of Atlanta (FHLBATL) of 'AAA' and 'F1+', respectively. The ratings reflect Fitch's assumption of U.S. Government support for the Federal Home Loan Banks System as well as FHLBATL. The Rating Outlook is Stable. Fitch rates FHLBATL as follows:
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 |
