Die, Student Loan, Die!
Fool.com (Free subscription) | yesterday
Should you pay your education loans off at all costs?
Credit
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NewsWatch: Fannie shuffles management and names new officers
Market Watch (Free subscription) | yesterday
Struggling mortgage-finance company Fannie Mae announces a series of high-level management changes as the firm tries to shore up its sagging capital position and reverse losses.
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American banks:
The Economist (Free subscription) | yesterday
Commercial banks prepare, reluctantly, to take centre stage EVERY episode in the credit crunch has had its dramatic flourish. There were the defenestrations at Citigroup and Merrill Lynch late last year; then, in March, the Bear Stearns fiasco; the humbling of UBS; and now Fannie Mae and Freddie Mac, a tale of hubris that might impress Shakespeare himself. What next? With the tragedy of the mortgage...
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Fannie's Game of Musical Chairs
Seeking Alpha (Free subscription) | yesterday
Susan M. Mangiero submits: According to Wall Street Journal reporters James R. Hagerty and Aparajita Saha-Burna, musical chairs is in session at Fannie Mae (FNM). Besides a new chief business officer and CFO, the former Senior Vice President for Credit Risk Oversight takes the lead on all things risk. Exiting the company is the former Chief Risk Officer ("CRO"). (See "Fannie Mae Names New Officers...
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- Fannie Mae Gets a New Chief Risk Officer - Pension Risk Matters
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Fannie Mae executive team axed to restore confidence
The Telegraph (Free subscription) | yesterday
The head of America's largest mortgage finance house has restructured his senior team in an attempt to restore investor confidence amid continued speculation that it is on the verge of being nationalised by the US Treasury.
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- Fannie Mae restructures management, replaces CFO - The East Bay Business Times
- Senior Management Shake-Up at Fannie - Wall Street Pit
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Fannie Mae shakes up top ranks
Financial Time (Free subscription) | yesterday
Fannie Mae, the US government-sponsored mortgage financier, unveiled a management restructuring that put new executives in charge of its plan to improve capital management and cut credit losses
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Strong data, financials drive stocks higher
ABS CBN (Free subscription) | yesterday
NEW YORK - Stocks rose on Wednesday as surprisingly strong data on durable goods orders soothed some concern about the sluggish economy while Fannie Mae and Freddie Mac led a rally in financial shares.
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Fannie Mae sees major management shake-up
Globe and Mail (Free subscription) | yesterday
Three top executives replaced as mortgage-finance company comes to grips with mounting credit and capital losses
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Deck Chairs On The Slocum: Fannie Mae CFO Robert Levin (No Relation) Out
DealBreaker (Free subscription) | 27/08/2008
"Rob Levin has touched virtually every part of this company," CEO Dan Mudd said. Fannie Mae CEO Dan Mudd Announces Management Restructuring to Drive Capital Management and Credit Loss Reduction Plan [Fannie Mae]
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Four at Four: A Throwback Session
MarketBeat (Free subscription) | 27/08/2008
The backbones of the equity market — energy and financial shares — led the way in a bit of a throwback session. Investors bought up banks in response to a (mild) vote of confidence in the debt of Fannie Mae and Freddie Mae, they bought energy stocks because oil rose, [...]
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Strong data, financials drive stocks higher
The Earth Times Online Newspaper (Free subscription) | 27/08/2008
NEW YORK (Reuters) - Stocks rose on Wednesday as surprisingly strong data on durable goods orders soothed some concern about the sluggish economy while Fannie Mae and Freddie Mac led a rally in financial shares.
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Freddie, Fannie bail-out concerns premature: Merrill
The Earth Times Online Newspaper (Free subscription) | 27/08/2008
(Reuters) - Merrill Lynch said it was premature to consider a recapitalization sponsored by the U.S Treasury for Freddie Mac and Fannie Mae , the two biggest U.S. mortgage finance giants, as capital depletion would not likely occur for several quarters.
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Bank Details of 1 Million Customers Sold on eBay
[SecurityRatty] Lattest Articles (Free subscription) | 27/08/2008
Personal details of more than 1 million customers of Royal Bank of Scotland, American Express and NatWest are found on a computer sold on auction site...
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Unlocking your home equity
CNNMoney.com (Free subscription) | 27/08/2008
The housing rescue package that Congress scrambled to pass in July was aimed primarily at stemming foreclosures and shoring up Fannie Mae and Freddie Mac. But it also contains provisions that make reverse mortgages a better deal for older homeowners who want to turn their equity into cash.
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Brad Ball: the optimist
Money is the way (Free subscription) | 27/08/2008
This is what I'm talking about. This is what I like to see. Shares in Fannie Mae and Freddie Mac went right up yesterday: Freddie +22.19 per cent, Fannie +13.10 per cent. Why? Why did this happen? Well, because an analyst at Citigroup, Brad Ball, recommended the stock of these two mortgage companies. That's the power of optimism. Brad ain't some miserable git who just moans about the world all
