GSE news stories on Newser

Pressure on Freddie Exec Was 'Relentless'

Jason Farago — Thu, 23 Apr 2009 05:53:20 CDT

The acting chief financial officer at Freddie Mac, who hanged himself yesterday, was working nonstop and had recently asked the company for a security detail, colleagues tell the New York Times . David Kellermann was struggling to balance the contradictory demands of investors, regulators, and lawmakers, and coworkers say he had...

Fannie Mae Posts Big Loss, Takes $15B in Bailout Cash

Kevin Spak — Fri, 27 Feb 2009 06:43:45 CST

Fannie Mae received $15 billion from Uncle Sam last night after reporting a $25.2 billion fourth-quarter loss, the Washington Post reports. The loss, caused mostly by sinking mortgage-related investments, brought the company’s 2008 losses to $59 billion. This marks the first time Fannie has dipped into its potential pool...

Stocks Keep Good Vibes Going

Kevin Spak — Tue, 25 Nov 2008 09:13:02 CST

Stocks continued to rise at the open this morning, with the Dow climbing more than 100 points and the S&P gaining 1.5%, as investors cheered the Treasury and Fed’s new program to boost consumer credit, the Wall Street Journal reports. The Nasdaq, however, was off slightly. The Dow has...