Federal Home Loan Mortgage Corporation
News and overview for Federal Home Loan Mortgage Corporation
Fitch Assigns 'AAA' Rating to Federal Home Loan Bank of Atlanta [Press Release]
Business Wire | 7 days 1 hour 55 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:
WesBanco Announces Revised Second Quarter 2009 Results [Press Release]
PRNewswire | 105 days 20 hours 16 minutes ago
...actions of the Federal Reserve Board, Federal Deposit Insurance Corporation, the SEC...legislative and federal and state regulatory...on sales of mortgage loans 297 408...Annualized net loan charge-offs...Consumer and home equity 529...
Security Federal Corporation Announces Second Quarter Earnings [Press Release]
Business Wire | 24 days 19 hours 38 minutes ago
Security Federal Corporation (“Company”) (OTCBB:SFDL), the holding company of Security Federal Bank (“Bank”), today announced earnings for the second quarter of its fiscal year ended March 31, 2010. The Company reported net income available to common shareholders of $339,000 or $0.14 per common share (basic) for the three months ended September 30, 2009 compared to net income of $785,000 or $0.31 per common share (basic) for the three months ended September 30, 2008. For the six months ended ...
Hanmi Financial Corporation Reports Third-Quarter 2009 Financial Results and Formalizes Agreement with Regulators [Press Release]
Business Wire | 19 days 5 hours 19 minutes ago
Hanmi Financial Corporation (NASDAQ: HAFC) (“we,” “our” or “Hanmi”), the holding company for Hanmi Bank (the “Bank”), reported a third-quarter net loss of $59.7 million, or ($1.26) per share, compared to net income of $4.3 million, or $0.09 per diluted share, in the third quarter of 2008. During the third quarter, we incurred tax charges of $38.2 million related to a valuation allowance of deferred tax assets. Excluding this charge, the net loss would have been $21.5 million for the third qua...
Heritage Financial Announces Third Quarter 2009 Results [Press Release]
PRNewswire | 27 days 22 hours 49 minutes ago
OLYMPIA, Wash., Oct. 27 /PRNewswire-FirstCall/ -- HERITAGE FINANCIAL CORPORATION
WSFS Reports 3rd Quarter '09 Results: Breakeven Net Income; Maintains $0.12 Quarterly Dividend [Press Release]
PRNewswire | 32 days 15 hours 38 minutes ago
WILMINGTON, Del., Oct. 22 /PRNewswire-FirstCall/ -- WSFS Financial Corporation
First Merchants Corporation Announces 3rd Quarter Earnings Per Share [Press Release]
Business Wire | 21 days 22 hours 1 minute ago
First Merchants Corporation (NASDAQ: FRME) has reported a third quarter 2009 net loss of $6.4 million, or $.30 per fully diluted common share. The Corporation’s third quarter contributed to year-to-date fully diluted common share loss of $1.62, down from the prior year income of $1.13.
Wolters Kluwer Financial Services Mortgage Disclosures Now Available Through eMagic Platform [Press Release]
PRNewswire | 71 days 2 hours 16 minutes ago
...provide eMagic's mortgage lending customers...Services' VMP Mortgage Solutions compliance...meet state and federal regulatory requirements...of accessing loan program and state-specific mortgage disclosure documents...Services initial home loan disclosures...Guaranty Insurance Corporation (MGIC), the...
Central Pacific Financial Corp. Reports Third Quarter 2009 Results [Press Release]
PRNewswire | 25 days 22 hours 49 minutes ago
HONOLULU, Oct. 29 /PRNewswire-FirstCall/ -- Central Pacific Financial Corp.
Union Bankshares Corporation Reports Earnings [Press Release]
PRNewswire | 32 days 18 hours 48 minutes ago
BOWLING GREEN, Va., Oct. 22 /PRNewswire-FirstCall/ -- Union Bankshares Corporation (the "Company")
Sun Bancorp, Inc. Reports Third Quarter 2009 Results [Press Release]
PRNewswire | 27 days 18 hours 8 minutes ago
VINELAND, N.J., Oct. 27 /PRNewswire-FirstCall/ -- Sun Bancorp, Inc.
California United Bank Reports Third Quarter 2009 Results Including a 12.5% Increase in Net Income, a 30.9% Increase in Total Assets and a 56.7% Increase in Deposits Over Third Quarter 2008 [Press Release]
Business Wire | 15 days 2 hours 44 minutes ago
California United Bank (OTCBB:CUNB) announced today its financial results for the quarter ended September 30, 2009. Pre-tax net income of $371 thousand was up 51.4 percent over pre-tax net income of $245 thousand for the third quarter of the prior year. Net income of $153 thousand for the 2009 third quarter increased 12.5 percent over net income of $136 thousand for the third quarter of the prior year. The Bank’s results were driven by materially increased interest and fee income, combined wi...
Alliance Bankshares 3rd Quarter 2009 Results [Press Release]
Business Wire | 19 days 15 hours 19 minutes ago
Alliance Bankshares Corporation (NASDAQ:ABVA) today reported a third quarter loss of $896 thousand compared to the third quarter 2008 loss of $2.4 million. On a year-to-date basis the company reported a net loss of $1.9 million compared to a loss of $5.5 million for the same period in 2008. Despite the net loss, all regulatory capital ratios remain above the levels necessary to be considered a “well capitalized” institution.
First Financial Service Corporation Announces Quarterly Results [Press Release]
PRNewswire | 31 days 22 hours 11 minutes ago
...the allowance for loan losses. Although...Gain on sale of mortgage loans increased...Gain on sale of mortgage loans increased...associated with loan underwriting. The...Financial Service Corporation is the parent bank...company of First Federal Savings Bank of...
FNB United Corp. Announces Third Quarter Results [Press Release]
Business Wire | 32 days 20 hours 19 minutes ago
FNB United Corp. (NASDAQ:FNBN), the holding company for CommunityONE Bank, N.A., and its wholly owned subsidiary, Dover Mortgage Company, today reported financial results for the third quarter of 2009. During the quarter, FNB United recognized a provision for loan losses of $17.5 million, charged off goodwill of $52.4 million, established a valuation reserve of $6 million for deferred tax assets, and took an Other Than Temporary Impairment (OTTI) write-down of $4.0 million on a specific inves...
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 |
