WASHINGTON, Sept 7 - New chief executives were named for Fannie Mae (FNM.N) and Freddie Mac (FRE.N) on Sunday under a federal takeover plan to keep the largest U.S. mortgage finance companies from going under....
The U.S. government plans to takeover Fannie Mae (FNM.N)and Freddie Mac (FRE.N)and all shareholders of the two mortgage giants will take a hit, an influential lawmaker said on Saturday. The move to take...
WASHINGTON, Sept 6 - The boards of mortgage finance companies Fannie Mae (FNM.N ) and Freddie Mac (FRE.N) were set to meet on Saturday to discuss a government plan to place the companies under federal control,...
WASHINGTON, Sept 5 - The boards of mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N) were set to meet on Saturday to discuss a government plan to place the companies under federal control,...
Sept 6 - U.S. presidential candidates John McCain and Barack Obama reacted cautiously on Saturday to reports that mortgage finance companies Fannie Mae and Freddie Mac were set to to be placed under federal control....
* U.S. government takes over Fannie Mae, Freddie Mac * Move is aggressive bid to help battered housing market * Regulator to operate companies; CEOs replaced * U.S. stock futures soar on move (Updates with...
* U.S. government takes over Fannie Mae, Freddie Mac * Move is aggressive bid to help battered housing market * Regulator to operate companies until stabilized * CEOs at both companies replaced (Adds analysis, details,...
NEW YORK, Sept 7 - Standard & Poor's and Fitch Ratings on Sunday cut the ratings on preferred stock of troubled housing finance companies Fannie Mae <FNM.N> and Freddie Mac <FRE.N> to junk status after...
The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae <FNM.N> and Freddie Mac <FRE.N>, launching what could be its biggest federal bailout ever, in a bid to support the U.S. housing...
WASHINGTON, Sept 7 - Both U.S. presidential candidates Barack Obama and John McCain said on Sunday they see the federal takeover of mortgage finance companies Fannie Mae and Freddie Mac as necessary. Republican McCain supports...