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BUSINESS BRIEFS.(TO THE POINT)
FINANCE
Freddie Mac profit tumbled 43%
The U.S.-backed mortgage company released delayed '04 earnings of $3.78 a share, down 43% due to a loss in derivatives used to hedge against interest rate risks. Freddie Mac forecast lower net interest income in '05 offset by lower noninterest income losses. Shares fell 1%.
** Eurex sued the Chicago Mercantile Exchange and the Chicago Board of Trade, charging both U.S. derivatives exchanges lowered transaction fees to "predatory levels" and tried to prevent Eurex from obtaining clearing services.
MEDICAL
Elan plunges on Tysbari news
The ...
- Hedging: Freddie Mac Adds Agency Futures to Its Menu of Hedging Tools.(Brief...
- Magazine article from: Mortgage Servicing News June 1, 2001 700+ words
...outstanding in the market, Freddie Mac's participation in...have little impact on Freddie Mac's overall hedging...the time being. The Chicago Board of Trade's futures...debt issues, such as Freddie Mac Reference Notes and...
- Critics be damned! Freddie Mac charges into agency ventures.(Brief Article)
- Magazine article from: Investment Dealers' Digest O'Leary, Christopher May 14, 2001 700+ words
...new ammunition with Freddie Mac's recent move into...analysts believe that Freddie Mac's foray into the futures...hot topic. Despite Freddie Mac's claim that the agency...securities like the Chicago Board of Trade's 10-year...
- Freddie Mac Endorses MPI's Mentor P&I Custodial Accounting Module.
- Press release article from: Business Wire August 24, 1998 700+ words
...technology solutions for the mortgage industry, today announced Freddie Mac's endorsement of its MENTOR(r) Freddie Mac P&I Custodial Accounting Module. According to Freddie Mac, the Freddie Mac P&I Custodial Accounting Module...
- Freddie Mac Launches Guaranteed Structured Pass-Through K Certificates.
- News wire article from: PR Newswire May 26, 2009 700+ words
...May 26 /PRNewswire-FirstCall/ -- Freddie Mac today announced the launch of its offering...multifamily mortgage loans originated through Freddie Mac's Capital Markets Execution(SM...multifamily mortgages and are guaranteed by Freddie Mac. Traditionally, multifamily loans...
- Freddie Mac announces record earnings for 2002.
- Press release article from: PR Newswire January 27, 2003 700+ words
...cumulative earnings to be restated upward Freddie Mac today announced preliminary, unaudited...5.18. As previously announced by Freddie Mac, financial results included in this...full-year audit and re-audit of Freddie Mac's financial statements. Based on...
- Freddie Mac announces board action.
- Press release article from: PR Newswire March 9, 1990 700+ words
FREDDIE MAC ANNOUNCES BOARD ACTION RESTON, Va...PRNewswire/ -- The board of directors of Freddie Mac (NYSE: FRE) today declared a quarterly...president, as the new president of the Freddie Mac. Dividends will be payable on March...
- Freddie Mac Launches Reference REMIC(SM) Securities; Product Innovation...
- Press release article from: PR Newswire March 30, 2005 700+ words
...March 30 /PRNewswire-FirstCall/ -- Freddie Mac today announced the launch of Reference...multi-tiered dealer syndicate. "Freddie Mac is delighted to introduce Reference REMIC securities," said Patricia Cook, Freddie Mac executive vice president, investments...
- Freddie Mac says Federal Home Loan Banks received $3 billion profit from stock.
- Press release article from: PR Newswire February 9, 1990 700+ words
FREDDIE MAC SAYS FHLBS RECEIVED $3 BILLION PROFIT...million investment in startup capital for Freddie Mac (NYSE: FRE), said Leland Brendsel...House and Senate Banking Committees. Freddie Mac's newly elected board of directors...