Penny Stocking Around with Fannie Mae

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Fannie Mae (NYSE:FNMA) is nothing more than just another penny stock, not an encouraging sign when U.S. Taxpayers have already thrown $145 billion at Fannie and Freddie (NYSE:FRE).  Today Fannie shares spiked up 46% to end the day at a whopping 39 cents.

The Time to Buy a House is Summer 2010

Housing and Money

Once again, would-be home owners should pile all their cash together and take advantage of the lowest 30 year mortgage rates of 4.57% (according to Freddie Mac (NYSE:FRE)), we may never see these rates again in our lifetime, its unbelievable.

Fannie and Freddie Shares Jump 7%

Freddie (NYSE:FRE) and Fannie (NYSE:FNM)

Shares of Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) are up 7% today after taking a massive beating last week.  Today Freddie shares are at 50 cents and Fannie are at 44 cents.

Freddie Reports Mortgage Rates Hit 4.78%, the Lowest for 2010

Housing and Money (2)

Freddie Mac's (NYSE:FRE) weekly survey of mortgage rates gives would-be and existing home owners reason to jump for joy.  The 30-year fixed-rate mortgage averaged 4.78% for the week ended Thursday, down from the prior week's 4.84% average and 4.91% a year earlier. The past week's average was the lowest since December 2009.

Market News: Boeing Competition, Freddie on Rates, and the Dollar

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Boeing expects more competition in the coming years.  Commercial aircraft maker Boeing Co. said Thursday that its global duopoly with rival Airbus for marketing large jets is coming to an end.

Freddie Mac and Fannie Mae Bill Now at $145 Billion

Freddie (NYSE:FRE) and Fannie (NYSE:FNM)

Both Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM) shares gained 3.88% today despite being tagged with the most expensive taxpayer bill ever to be bailed out by the U.S. Government.

Tim Geithner on Bloomberg (NYSE:FRE),(NYSE:FNM)

Freddie (NYSE:FRE) and Fannie (NYSE:FNM)
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Today (April 2nd) Treasury Secretary Timothy Geithner talked with Bloomberg's Peter Cook about the outlook for the U.S. economy and touched on Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM).  Geithner said the U.S. economy is showing signs of entering a period of sustainable growth as companies begin to hire.

Fannie-Freddie Hit with New Record Delinquencies (NYSE:FNM),(NYSE:FRE)

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The burst of the housing bubble hit Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) has as their stock values are approaching penny-stock levels.  The bad news seems to keep rolling in for the financial lending firms too.

Fannie-Freddie Fear ARM Resets (NYSE:FNM),(NYSE:FRE)

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Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) appear to have extended their Home Affordable Refinance Program (HARP) because of upcoming option ARMs that will either reset or recast between 2010 and 2012.  The latest outlook is for $1 trillion to be reset/recast in the next few years.

Home Loans Improving Good News for Big Banks (BAC, FRE, FNM)

Housing and Money

The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb.  Good news for Bank of American (NYSE:BAC), Fannie Mae (NYSE:FNM), and Freddie Mac (NYSE:FRE).

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