Real Estate Lender Implosion

[up-down]

765 funds hold FRE, 96 have dumped

http://www.mffais.com/fre.html

mffais = Mutual Fund Facts About Individual Stocks

Federal Home Ln Mtg Corp (FRE) stock was recently dumped by 96 Funds!

http://www.mffais.com/rankings/220/

Fannie, Freddie capital can absorb losses: report
Tuesday August 26, 9:39 am ET

NEW YORK (Reuters) - Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News), the two biggest U.S. mortgage finance giants, have enough capital to absorb probable losses through the end of the year, according to Citigroup equity research.

(Citygroup holds 28,955,791 shares of FRE, lol)

Estimated third and fourth quarter revenue of $7.5 billion for Fannie Mae and $5.5 billion for Freddie Mac would cover likely losses of $1.5 billion and $1.2 billion, Citigroup said in slides for a conference call on Tuesday.

The excess capital over minimums in the second half of the year would thus total $20.3 billion for Fannie Mae and $12.7 billion for Freddie Mac, the slide presentation obtained by Reuters shows.

The companies have come under intense scrutiny over the past few months on investor speculation that mortgage losses would cause shortfalls in capital, and lead to a bailout by the U.S. Treasury. Fannie Mae and Freddie Mac shares have tumbled since May with analysts contending a taxpayer-funded rescue could leave shares worthless.

Citigroup analyst Bradley Ball in an August 22 report asserted that shareholder interests would likely be preserved despite increased chances for "extraordinary" actions by the companies and policymakers.




FRE headlines from Yahoo - Today, Tue, Aug 26, 2008

• [video] Consumer Data Boosts Street
at Forbes.com (Tue 6:49pm)

• UPDATE - FDIC sees 117 problem banks; most since 2003
at Reuters (Tue 6:48pm)

• IBD's Top 10 - Tuesday
Investor's Business Daily (Tue 6:47pm)

• S&P affirms Fannie Mae sr. unsecured debt rating
AP (Tue 6:25pm)

• Cramer Calls the Housing Bottom
at CNBC (Tue 6:17pm)

• Fannie, Freddie Rally, but Issues Remain
at TheStreet.com (Tue 6:13pm)

• Stocks Spin On Housing, Consumer Data
at Forbes.com (Tue 6:10pm)

• Currencies: Dollar up vs. most rivals, but capped by housing data, rising oil
at MarketWatch (Tue 5:54pm)

• Glimmers of good news in housing reports
AP (Tue 5:37pm)

• Stocks mixed on higher oil, consumer data
AP (Tue 5:36pm)

• Stocks Mostly Up On Consumer Confidence News
at Forbes.com (Tue 5:30pm)

• S&P cuts Fannie, Freddie preferred ratings
at Reuters (Tue 5:07pm)

• Fannie Mae, Freddie Mac shares climb
AP (Tue 5:05pm)

• Stocks Finish Flat as Gustav Looms
at CNBC (Tue 5:05pm)

• Stocks rise on energy shares, offsets bank fears
Reuters (Tue 5:04pm)

• S&P cuts Freddie Mac's preferred stock rating to 'BBB-'
at MarketWatch (Tue 4:58pm)

• Freddie Mac, Orange 21: Biggest Price Gainers (FRE, ORNG)
at The Wall Street Journal Online (Tue 4:57pm)

• [$$] S&P Lowers Ratings on Fannie
at The Wall Street Journal Online (Tue 4:55pm)

• [$$] Seeking usual recovery signs risks missing next turnaround
at The Wall Street Journal Online (Tue 4:33pm)

• [$$] Housing, oil weigh on stocks
at The Wall Street Journal Online (Tue 4:33pm)

• Natural Gas ETFs Jump On Storm Worries
at SmartMoney.com (Tue 4:31pm)

• Financial Stocks: Freddie Mac shares rise 20% as analysts question bailout talk
at MarketWatch (Tue 4:29pm)

• Freddie Mac, Darden, Chico's are big movers
AP (Tue 4:24pm)

• InPlay: Freddie Mac: S&P affirms Freddie Mac Sr. debt rating, others on CW, Lowered
Briefing.com (Tue 4:16pm)

• FDIC: 117 troubled banks, highest level since 2003
AP (Tue 4:11pm)

• This Homebuilder Is Actually Growing
at Motley Fool (Tue 4:00pm)

• Stocks Struggle as Gustav Looms
at CNBC (Tue 3:55pm)

• Our Assets Are Your Debts
at Minyanville.com (Tue 3:50pm)

• Financial Winners & Losers: Freddie Mac
at TheStreet.com (Tue 3:39pm)

• Summary Box: Existing Home Sales
AP (Tue 3:26pm)

• Housing Data Suggest Bottoming (Update)
at TheStreet.com (Tue 3:07pm)

• Fed Leans Toward Rate Hike
at Forbes.com (Tue 2:50pm)

• Fidelity hit hard by Fannie, Freddie downfall
at bizjournals.com (Tue 2:45pm)

• Fed: Rates not too low; next move likely to be up
AP (Tue 2:44pm)

• [$$] Oil prices, housing data push U.S. stocks lower
at The Wall Street Journal Online (Tue 2:32pm)

• Financial Stocks: Fannie, Freddie higher as analysts question potential bailout
at MarketWatch (Tue 2:15pm)

• Cramer: Beginning of the End for Housing's Woes
TheStreet.com TV (Tue 2:13pm)

• Federal Home Loan Banks sell $3 bln three year debt
at Reuters (Tue 2:12pm)

• Fannie, Freddie May Avoid Bailout After All: Analysts
CNBC (Tue 2:02pm)

• Subprime Today: Home prices fell further in June, leading to 16% annual decline
at MarketWatch (Tue 1:56pm)

• Fannie, Freddie capital can absorb losses: report
Reuters (Tue 1:41pm)

• Home Prices Turning Up in Spots
at CNBC (Tue 1:30pm)

• US CREDIT-GSEs' subordinated debt unlikely to trigger swaps
at Reuters (Tue 1:24pm)

• are big movers
AP (Tue 1:20pm)

• Trading Where the Action Is!
TradingMarkets.com (Tue 1:19pm)

• Goldman sees options before Fannie,Freddie takeover
at Reuters (Tue 12:56pm)

• Defaults Slow, but Don't Call It a Comeback
at TheStreet.com (Tue 12:52pm)

• Sector Snap: National bank stocks mostly rise
AP (Tue 12:30pm)

• Stocks Sway in Hurricane, Dollar Winds
at CNBC (Tue 12:16pm)

• [$$] Good News in Housing, the Dollar
at RealMoney by TheStreet.com (Tue 12:15pm)






Solar Stocks #board-11148
Peak Oil #board-6609
Coal #board-2809
Real Estate Bubble #board-7285
Lender Implosion #board-10076
HomeBuilders #board-1680
Your Economy #board-1948
Global Warming #board-11877