US Housing Crisis
An incisive collection of ten key articles, from across the Euromoney Institutional Investor PLC group. "Freddie Mac – In Focus"
Buy this one-off 23 page PDF report and you'll instantly have access to key articles from some of the world's leading financial publications including: Real Estate Finance and Investment and EuroWeek.
What's included in this collection?
Spreads gap out as Freddie, AIG turn nasty - EuroWeek
Freddie Mac and American International Group produced horrific second quarter results this week that demonstrated that the worst of the credit crisis is not yet over and that massive housing market losses still cast a long shadow over the world's financial markets. (1,117 words)
Freddie's $3bn two year oversubscribed as central banks show faith in GSEs - EuroWeek
Freddie Mac successfully sold a $3bn two year Reference Note yesterday (Thursday), drawing sighs of relief from the market at large. The global take-up, particularly by central banks, showed that international debt buyers believe both Fannie Mae and Freddie Mac will continue to benefit from the full support — albeit implicit — of the US government. (944 words)
Freddie Mac Sees Tighter Lending Standards But Says It's Still Active - Real Estate Finance and Investment
Freddie Mac expects multifamily lending to continue at a solid pace despite the firm's current liquidity woes. The firm has tightened lending standards in recent months but maintains that it's still providing affordability, stability and liquidity to the market. Mitch Kiffe, divisional multifamily v.p., shares his thoughts on the lending giant's future and provides exclusive details on the firm's test securitization program. (755 words)
Fannie and Freddie: a fudge that works - EuroWeek
Hank Paulson's rescue plan for Fannie Mae and Freddie Mac shores up the privately owned companies and their combined $5.2tr balance sheets, allowing them to soldier on through the US housing crisis. But Fannie and Freddie's position remains as ambiguous as ever... (636 words)
GSEs attempt a delicate balancing act - EuroWeek
The birthplace of the subprime mortgage crisis — the US — is enduring some of its most visible effects. What are the government-sponsored enterprises, those chartered by the government to keep money flowing to the housing market, doing about the crisis and how is it affecting their debt funding? (3,170 words)
Market rejoices as Fannie, Freddie set free - EuroWeek
As Fannie Mae announced a loss of $3.6bn on Wednesday, its regulator the Office of Federal Housing Enterprise Oversight said it was removing the $1.5tr limit on Fannie Mae and Freddie Mac mortgage portfolios. (606 words)
Low-rise callable issues soar in 2002 - EuroWeek
If there is one phenomenon that defined last year's agency market, it was the growth in callable issuance. While Fannie Mae and Freddie Mac's calendar bullet issuance declined, callable volumes soared. (2,121 words)
Fannie Mae, Freddie Mac Distress Could Impact Multifamily - Real Estate Finance and Investment
The current problems at Fannie Mae and Freddie Mac could have an impact on the amount of capital available and pricing on loans in the multifamily sector. While commercial real estate executives told REFI that they were confident that the federal government will take steps, if necessary, to firm up the agencies, there is talk that that Fannie Mae and Freddie Mac's troubles could change the face of the multifamily lending market. (492 words)
Markets look for state aid to bail out Fannie and Freddie - EuroWeek
The guns of the credit crunch swivelled this week to face a new target — Fannie Mae and Freddie Mac, the fortresses of the US mortgage market. (1,780 words)
Freddie CFO lays into mark-to-market mania, defends balance sheet - EuroWeek
Freddie Mac's chief financial officer Buddy Piszel this week defended the firm's accounting policies and brushed aside concerns that it was harbouring tens of billions of dollars of losses on its portfolio of subprime securities. (935 words)