Volume Spike Investor

Fannie Mae (NYSE:FNM) “broke the buck” in pre-market trading this morning after it recorded a net loss of $18.9 billion for the third quarter of 2009. Including $883 million in dividends on the senior preferred stock, the net loss attributable to common stockholders was $19.8 billion, or $3.47 per diluted share.  The company is also [...]

Freddie Mac (NYSE: FRE) disclosed in an SEC Filing this morning that its mortgage delinquencies continued to rise in September.  Both Freddie Mac Fannie Mae (NYSE: FNM) were forced into conservatorship last year by Uncle Sam, and this does not offer much hope of a charge in that status. Freddie disclosed September delinquencies on single-family [...]

We are seeing yesterday’s big losses in Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) continue.  In case you missed yesterday, the downgrade to Underperform on both with effective ZERO price targets from Keefe Bruyette & Woods was the culprit for the trading blow-ups.  FNM is down 2.6% more at $1.11 on 1.7 million [...]

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are both indicated slightly lower this morning on news of a brokerage downgrade.  Keefe Bruyette & Woods downgraded both Fannie and Freddie from a prior “Market Perform” down to “Underperform.”  The target is effectively a ZERO…. KBW thinks that the common and preferred will effectively be [...]

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are back in the gaining camp and are some of the NYSE most active stocks in the early trading.  At 8:41 AM EST we have Fannie Mae shares trading up 3.5% at $1.74 on 2.2 million shares and Freddie Mac shares up over 4% at $2.13 [...]

This had been a pretty rough week for Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE).  The MBA was calling for them to be replaced and analysts warned that there may be no real value left here.  Fannie was north of $2.00 last week but closed at $1.37 yesterday.  At 9:08 AM EST we [...]

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) may have traded lower anyway with the markets, but the Mortgage Bankers Association is calling for Congress to effectively breakup the mortgage GSEs.  While the MBA is non-governmental, this is just another reminder of ‘no remaining value’ in the stocks.  At 8:28 AM EST we have [...]

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are both playing giveback all over again on Tuesday with most other speculative financial stocks.  Yesterday’s research hinting that there is effectively no value remaining is a harsh reminder of how high run ups can go on no news and solely on the flight to junk [...]

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are both getting their wings clipped this morning.  FBR’s research points out that effectively, “No underlying value remains…” in the shares of common stock.  The 200%-plus rise on speculation of reverse stock splits and hope for government assistance continuing are bother over-stepped by the share prices… [...]

There are a few things that are driving Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) shares this morning. There is word that a new FICO model may actually boost some borrowers’ credit scores. That sounds like a re-lowering of the bar for credit quality. And then there is the news that the Federal [...]