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Yahoo! Finance: Mortgage Investment Industry News

The latest news on the Mortgage Investment industry from Yahoo! Finance


Freddie Mac loss widens less than feared (Reuters)
Freddie Mac posted a smaller-than-expected quarterly loss on Wednesday and the second-biggest U.S. home-financing company said it would raise capital to expand its business, sparking a rally in its shares.
Freddie Mac loses $151M in 1Q, but beats expectations (AP)
Mortgage finance company Freddie Mac said Wednesday its first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected.
[$$] Optimism Rings Hollow on FRE Call (at RealMoney by TheStreet.com)

Freddie Mac sees more housing weakness as results beat view (at MarketWatch)
Freddie Mac posts a first-quarter loss on expenses related to “challenging” housing and credit-market conditions, as its chief executive predicted more housing weakness ahead. But shares of the mortgage-finance giant rally.
Financial Stocks: Freddie, Fannie pace financial sector gains (at MarketWatch)
Shares of mortgage finance giants Freddie Mac and Fannie Mae gain, helping lift the broader sector, which was also encouraged by news consumer inflation remains muted.
BofA foresees higher home-equity loan losses (at bizjournals.com)

[$$] Freddie Mac Posts $151 Million Loss (at The Wall Street Journal Online)

Freddie Mac loses $151M (at bizjournals.com)

Care Investment Trust sets quarterly dividend of 17 cents (AP)
Care Investment Trust Inc. said Tuesday its board declared a regular quarterly dividend of 17 cents. The helath care focused real estate investment trust said the dividend is payable June 6 to shareholders of record May 23.
Annaly prices 60 million shares offering at $16.15 (AP)
Annaly Capital Management Inc. priced its offering of 60 million shares at $16.15 apiece, the asset manager said Wednesday.
BofA expects more home-equity loan losses (at bizjournals.com)

Out of the Gate: Freddie Mac shares jump on 1Q (AP)
Shares of Freddie Mac jumped in morning trading Wednesday, after the mortgage financier posted a smaller first-quarter loss than Wall Street expected, said it plans to raise new capital and a ratings agency reaffirmed a top debt rating.
Freddie, Fannie pace fianncial sector gains (at MarketWatch)

Freddie Mac loss widens, sees more housing weakness (at MarketWatch)
Mortgage-finance giant Freddie Mac posts a first-quarter loss on expenses related to “challenging” housing and credit-market conditions, as its chief executive predicted more housing weakness ahead.
Freddie Mac shares climb after better-than-expected earnings (at MarketWatch)

Moody's cuts Freddie Mac financial strength rating (AP)
Credit ratings agency Moody's Investors Service downgraded its bank financial strength rating on government-backed mortgage lender Freddie Mac to 'B+' from 'A-,' with a negative outlook.
Freddie Mac plans $5.5bn capital raising (at FT.com)
Freddie Mac said on Wednesday it plans to raise $5.5bn of fresh capital as rising credit costs led the government-backed mortgage financier to report a $151m first-quarter loss.
Fannie Mae Redemption (PR Newswire)
Fannie Mae will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amounts redeemed, plus accrued interest thereon to the date of redemption:
Freddie Mac posts loss, sees more housing weakness (at MarketWatch)
Mortgage-finance giant Freddie Mac posts a first-quarter loss on expenses related to “challenging” housing and credit-market conditions, as its chief executive predicted more housing weakness ahead.
Freddie Mac rallies on capital-raising plan (at Fortune)
Freddie Mac posted a first-quarter loss and set plans to raise $5.5 billion in new capital. The government-sponsored mortgage investor lost $151 million, or 66 cents a share, for the quarter ended March 31, compared with the year-ago loss of $133 million, or 35 cents a share.

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