Federal Home Loan Mortgage Corporation
News and overview for Federal Home Loan Mortgage Corporation
Bank of Florida Corp. Reports Third Quarter 2009 Financial Results [Press Release]
Business Wire | 20 days 22 hours 52 minutes ago
Bank of Florida Corporation (NASDAQ: BOFL) reported a net loss to common shareholders of $78.1 million, or $6.10 per diluted common share, in the third quarter of 2009. The net loss to common shareholders reflects a goodwill impairment charge of $62.0 million to write off all of the Company’s goodwill. This charge was a one-time, non-cash accounting transaction that will not affect the Company’s cash flows, liquidity, or tangible capital ratios, and was primarily due to the current state of t...
Housing Bust: Sowell Series Starts Today
Investor's Business Daily | 9 days 2 hours 47 minutes ago
Following up on the well-received series by Thomas Sowell on "The Economics of Medical Care," IBD today begins excerpts from Sowell's latest book, "The Housing Boom and Bust," a chronicle of the biggest economic disaster of our time.
Investment funds profit again off mortgages
St. Louis Post-Dispatch | 4 hours 55 minutes ago
As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess.
CMHC's growth fuels worries over new risks
Globe and Mail (Toronto), The | 31 days 19 hours 29 minutes ago
Ottawa raises federal agency's mortgage insurance cap to $600-billion from $450-billion
Federal Home Loan Bank of Atlanta Announces Results of 2009 Board of Directors' Election [Press Release]
PRNewswire | 19 days 17 hours 10 minutes ago
...PRNewswire/ --Federal Home Loan Bank of Atlanta...Building and Loan Association...First Community Corporation and has served...of IDB-IIC Federal Credit Union...Homebuilders' Mortgage Roundtable...affordable home mortgages and...
First State Reports Third Quarter Results [Press Release]
Business Wire | 21 days 2 hours 59 minutes ago
First State Bancorporation (NASDAQ:FSNM):
BOK Financial Reports $51 Million Third Quarter Income [Press Release]
Business Wire | 26 days 2 hours 29 minutes ago
BOK Financial Corporation (NASDAQ: BOKF) reported net income for the third quarter of 2009 of $50.7 million or $0.75 per diluted share. Net income for the previous quarter totaled $52.1 million or $0.77 per diluted share.
Fighting foreclosure
Sun (Baltimore), The | 21 days 5 hours 34 minutes ago
Our view: Too many Marylanders are losing out to unscrupulous predatory lenders
Hedge funds profit, homeowners save
Seattle Times, The | 1 day 5 hours 39 minutes ago
As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess. Investment funds are buying billions of dollars' worth of home loans, discounted from the loans' original value. Then, in what might seem an act of charity, the funds are helping homeowners by reducing the size of the loans.
United Financial Bancorp Reports Third Quarter 2009 Results [Press Release]
PRNewswire | 37 days 20 hours 29 minutes ago
WEST SPRINGFIELD, Mass., Oct. 16 /PRNewswire-FirstCall/ -- United Financial Bancorp, Inc. (the "Company")
New First American CoreLogic Study Quantifies Consumer Benefit of Economic Stimulus Tied to Mortgage Rates [Press Release]
PRNewswire | 69 days 2 hours 25 minutes ago
...policies of the Federal Reserve and...possible by the Home Affordable...their monthly mortgage debt obligations...American Corporation family of...fraud, mortgage, and mortgage...valuation, home price trends, mortgage originations...percent of loan-level...American Corporation is a FORTUNE...
Funds profiting from mortgage mess
Plain Dealer (Cleveland), The | 1 day 11 hours 48 minutes ago
LOUISE STORY, New York Times As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess.
BANK OF MONTREAL - BMO Financial Group Reports Good Third Quarter Results [Press Release]
PRNewswire | 90 days 3 hours 27 minutes ago
BMO Financial Group Reports Good Third Quarter Results with Record Revenues
LNB Bancorp, Inc. Reports Third Quarter 2009 Results [Press Release]
Business Wire | 24 days 3 hours 29 minutes ago
LNB Bancorp, Inc. (NASDAQ: LNBB) today reported a net loss of $4,376,000 or $.64 per share for the three months ended September 30, 2009, compared with net income of $1,823,000 or $.25 per diluted share reported for the same period a year ago.
Bank of Hawaii Corporation Third Quarter 2009 Financial Results [Press Release]
Business Wire | 28 days 3 hours 59 minutes ago
Bank of Hawaii Corporation (NYSE:BOH) today reported diluted earnings per share of $0.76 for the third quarter of 2009, up from $0.65 in the previous quarter, and down from $0.99 in the same quarter last year. Net income for the third quarter of 2009 was $36.5 million compared to net income of $31.0 million in the second quarter of 2009, and $47.4 million in the third quarter of 2008. Results for the third quarter of 2008 included a net credit of $8.9 million related to the Company’s resoluti...
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 |