Federal Home Loan Mortgage Corporation
News and overview for Federal Home Loan Mortgage Corporation
Tax credit drove October sales rally
Chicago Sun-Times | 16 hours 28 minutes ago
Illinois home sales took a double-digit jump in October as buyers took advantage of unprecedented buyer-market conditions with record low mortgage interest rates, affordable home prices and the federal first-time homebuyer tax credit.
C&F Financial Corporation Announces Third Quarter Earnings
CNBC | 24 days 15 hours 37 minutes ago
WEST POINT, Va., Oct 30, 2009 /PRNewswire-FirstCall via COMTEX/ -- C&F Financial Corporation (Nasdaq: CFFI), the one-bank holding company for C&F Bank, today reported net income of $1.66 million for the third quarter of 2009, compared with $299,000 for the third quarter of 2008 ($1.82 million, adjusted to exclude the impairment charge taken in the third quarter of 2008 related to the corporation's investments in perpetual preferred stock of the Federal National Mortgage Association (Fannie Ma...
Chicago-area home sales jump 33%
Chicago Tribune | 17 hours 47 minutes ago
Like holiday shoppers in search of a good bargain, first-time home buyers were out in force last month, scooping up homes to grab a federal tax credit that was to have expired Nov. 30.
Bank Mutual Corporation Reports Earnings for the Nine Months Ended September 30, 2009, and the Third Quarter of 2009
CNBC | 34 days 9 hours 20 minutes ago
MILWAUKEE, Oct 20, 2009 /PRNewswire-FirstCall via COMTEX/ -- Bank Mutual Corporation (Nasdaq: BKMU) reported net income for the nine months ended September 30, 2009, of $12.2 million or $0.26 per diluted share compared to $11.0 million or $0.23 per diluted share in the same period last year. Net income for the third quarter of 2009 was $1.2 million or $0.03 per diluted share compared to $1.6 million or $0.03 per diluted share in the same quarter last year. Results for the nine months ended Se...
Farmers Capital Bank Corporation Announces Third Quarter Results
CNBC | 34 days 10 hours ago
FRANKFORT, Ky., Oct 20, 2009 /PRNewswire-FirstCall via COMTEX/ -- Farmers Capital Bank Corporation (Nasdaq: FFKT) (the "Company") reported a net loss of $174 thousand or $.09 per common share for the quarter ended September 30, 2009 compared to a net loss of $801 thousand or $.17 per common share for the quarter ended June 30, 2009 and a net loss of $6.9 million or $.94 per common share for the quarter ended September 30 a year ago. Net income for the nine months ended September 30, 2009 was ...
Columbia Banking System Announces Third Quarter 2009 Results and Declares Cash Dividend --Business Fundamentals Remain Strong; Company is Very Well Capitalized, With Strong Liquidity and Excellent Core Deposit Base
CNBC | 25 days 19 hours 39 minutes ago
TACOMA, Wash., Oct 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- Columbia Banking System, Inc. (Nasdaq: COLB) ("Columbia") today announced third quarter 2009 results reflecting a net loss applicable to common shareholders of $2.6 million, compared with a net loss of $8.8 million for the third quarter of 2008.
Eaton Vance Launches Build America Bond Fund --First Actively Managed Mutual Fund to Invest in Build America Bonds
CNBC | 6 days 16 hours 39 minutes ago
BOSTON, Nov 17, 2009 /PRNewswire-FirstCall via COMTEX/ -- Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), announced today the launch of Eaton Vance Build America Bond Fund (the "Fund"), America's first actively managed mutual fund designed for investment in taxable municipal obligations issued under the American Recovery & Reinvestment Act of 2009 ("Build America Bonds"), landmark legislation enacted to provide sweeping stimulus for the U.S. economy.
Mid-America Reports Third Quarter Results
CNBC | 18 days 10 hours 41 minutes ago
MEMPHIS, Tenn., Nov 04, 2009 /PRNewswire-FirstCall via COMTEX/ -- Mid-America Apartment Communities, Inc. (NYSE: MAA), or Mid-America, reported net income available for common shareholders for the quarter ended September 30, 2009, of $3,402,000, or $0.12 per diluted common share, as compared to net income available for common shareholders of $2,977,000, or $0.11 per diluted common share, for the third quarter of 2008.
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 22 hours 54 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 15 hours 20 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.
Company that operates 2 NH hospitals, office gets $136.4M fed loan for expansion, renovation
Orlando Sentinel (Fla.) | 19 days 16 hours 20 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.
What's Next for Mortgage Rates?
BusinessWeek | 4 days 9 hours 26 minutes ago
Sometime in the next five months, the Fed will stop buying mortgage-backed securities. Get ready for higher rates
Homesales
Arizona Republic (Phoenix), The | 46 days 1 hour 11 minutes ago
Homesales, Recent home purchases in Maricopa County. Transactions are listed by ZIP Code.
MGIC Investment Corporation Reports Third Quarter 2009 Results
CNBC | 38 days 21 hours 56 minutes ago
MILWAUKEE, Oct 16, 2009 /PRNewswire-FirstCall via COMTEX/ -- MGIC Investment Corporation (NYSE: MTG) today reported a net loss for the quarter ended September 30, 2009 of $517.8 million, compared with a net loss of $115.4 million for the same quarter a year ago. Diluted loss per share was $4.17 for the quarter ending September 30, 2009, compared to diluted loss per share of $0.93 for the same quarter a year ago.
S&T Bancorp, Inc. Announces Results
CNBC | 35 days 19 hours 48 minutes ago
INDIANA, Pa., Oct 19, 2009 /PRNewswire-FirstCall via COMTEX/ -- S&T Bancorp, Inc. (Nasdaq: STBA) today announced net income of $7.7 million or $0.28 diluted earnings per share for the quarter ended September 30, 2009 compared to net income of $15.7 million or $0.57 diluted earnings per share for the quarter ended September 30, 2008. The decrease in net income and earnings per share for the third quarter 2009 is primarily due to higher provision for loan losses, increased Federal Deposit Insur...
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 |
