freddie mac

Mortgage giants Fannie Mae or Freddie Mac may back 30 million mortgages. But that doesn't mean that the new foreclosure prevention program announced this week by the Bush administration will rescue every troubled borrower on their books.

The federal government's plan to streamline modifications of troubled loans held by Fannie Mae and Freddie Mac won't help the majority of people threatened with foreclosure, experts said.

Falling house prices are still a problem. Could Fannie Mae and Freddie Mac be part of the solution?

On Tuesday, The New York Times reported a connection between John McCain's campaign manager and the financial crisis.

New details indicate that Davis' firm was paid a monthly retainer by Freddie Mac. The firm was paid as recently as last month.

Davis remains a part owner of that firm, though he does not take a salary from it.

UK-listed South African insurer Old Mutual writes down $135m of stock in the two striken US mortgage giants.

The way things are going, shares in Lehman Brothers (LEH) may be trading at parity with Fannie Mae (FNM) and Freddie Mac (FRE) by the time the brokerage firm shows Wall Street its new strategic plan next week.

The markets surged Monday as investors giddily bought stocks in the wake of the bailout of Fannie Mae and Freddie Mac.

Stocks were mixed Tuesday morning, in a volatile start to the session, as investors mulled lower oil prices in the aftermath of Monday's big rally sparked by the government takeover of Fannie Mae and Freddie Mac.

When it came to buying influence in Washington, Freddie Mac and Fannie Mae were among Corporate America's biggest spenders.