Freddie Mac FRE:NYSE
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Latest News Headlines for Freddie Mac

0 minutes ago - FIND Government Press Releases

SUMMARY: The Federal Housing Finance Agency (FHFA) is issuing and seeking comment on a proposed rule to effect a provision of the Federal Housing Enterprises Financial Safety and Soundness Act that provides for a temporary increase in the minimum capital level for entities regulated by FHFA--Federal National Mortgage Association, Federal Home Loan Mortgage Corporation or the Federal Home Loan Banks. The proposed rule provides clarity regarding standards for imposing a temporary increase, for

0 minutes ago - PRWeb

NYLX (Click Here) a leading provider of automated mortgage data applications and solutions, has now programmed Freddie Mac Servicing Released pricing into their LoanDecisions product eligibility and loan pricing platform. LoanDecisions is currently the only pricing engine in the industry that provides both retained and released pricing for Freddie Mac Conforming 15 Year and 30 Year Fixed products. You must be an approved Freddie Mac Seller/Servicer and receive Servicing Retained pri

Monday 02/08/2010 2:18 PM ET - FIND Government Press Releases

Washington, D.C. - Congressman Kenny Marchant (TX-24) issued the following release today after unveiling his new bill, H.R. 4586 the Mortgage E-Verify Act.

"As a member of the House Financial Services Committee, I am happy to introduce my bill, the Mortgage E-Verify Act, which would require, as a condition for modification of a home mortgage loan held by Fannie Mae or Freddie Mac or insured by the Federal Housing Administration (FHA), that the mortgagor be verified under the E-Verify p

Thursday 02/04/2010 3:17 PM ET - BusinessWire

RE-INSIDER.com, the site dedicated to tracking abuses in the California real estate industry, has determined that new activities by tax-payer supported, Freddie Mac, are not aligned with President Obama's current US jobs program as declared in his January 2010 State of the Union Address, to help keep the American worker employed.

Wednesday 02/03/2010 7:39 PM ET - PR Newswire

Freddie Mac and 13 national and local non-profit organizations announced a pilot effort to convince discouraged delinquent borrowers to pursue mortgage workouts that can save their homes and steer clear of foreclosure.

Earlier Headlines - view recent headlines
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Bid/Size

--/--

Ask/Size

0.00

Price Open

1.16

Previous Close

0.00

Day High

0.00

Day Low

3.08

Beta (5yr)

2.50/8/28/09

52wk High/Date

0.35/3/9/09

52wk Low/Date

752.1 Million

Market Capitalization

648.3 Million

Shares Outstanding

179.03

Volatility Avg (1 Year)

7.8 Million

Avg Vol (10 day)

NM

P/E Ratio

-12.52

EPS (TTM)

Freddie Mac does not pay dividends.

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Freddie Mac vs. Peers

Company Market Cap YTD Price Performance
FRE

Freddie Mac

752.1M
-21.1%
FNM

Fannie Mae

1.1B
-16.1%
BAC

Bank of America Corporation

125.3B
-3.8%
JPM

JPMorgan Chase & Co.

148.6B
-9.5%
WFC

Wells Fargo & Company

136.9B
-2.1%

Company Background

Freddie Mac is engaged in purchasing residential mortgages and mortgage-related securities in the secondary mortgage market and securitizing them into mortgage-related securities that can be sold to investors. The Company purchases single-family and multifamily mortgage-related securities for its mortgage-related investments portfolio. It also purchases multifamily residential mortgages in the secondary mortgage market and hold those loans either for investment or sale. Freddie Mac finances purchases of its mortgage-related securities and mortgage loans, and manages its interest-rate and other market risks, primarily by issuing a variety of debt instruments and entering into derivative contracts in the capital markets. The Company operates in three segments: Investments, Single-family Guarantee and Multifamily.

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