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).

BofA and JPMorgan: The Freddie & Fannie Pain (BAC, JPM, FRE, FNM)

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Bad news for Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM), they are going to feel the pain to the tune of billions of dollars thanks to the delinquent loans of Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM).

Stocks Under $1: Fannie Mae, Borders Group and PokerTek (NYSE:FNM), (NYSE:BGP),(NASDAQ:PTEK)

Stocks under $1 (one dollar)

Rough week for these once darling companies as Fannie Mae (NYSE:FNM), Borders Group, Inc. (NYSE:BGP), and PokerTek, Inc. (NASDAQ:PTEK) join the ranks as stocks under one dollar.

The Fed Exit for Fannie and Freddie (NYSE:FNM),(NYSE:FRE)

Federal Reserve

The Fed looks is set exit the housing market and follow through with its pledge to do so. The impact of this to Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) are not exactly certain. 

Fox Business Coverage of Kissing Fannie and Freddie Good-Bye (FNM, FRE)

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Mortgage Rates Ease Back to 5%

Housing and Money (2)

Mortgage rates declined this week after a month of gains, with the average rate on 30-year fixed-rate mortgages retreating closer to 5%, according to Freddie Mac's (NYSE:FRE) weekly survey of mortgage rates.

Volume-Price: Fannie, Freddie, MGM and The Sands (NYSE:FNM),(NYSE:FRE),(NYSE:MGM),(NYSE:LVS)

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Stocks making strong gains Monday on heavy volume include Fannie Mae (NYSE:FNM), Freddie Mac (NYSE:FRE), MGM MIRAGE (NYSE:MGM) and Las Vegas Sands Corp. (NYSE:LVS).

Freddie Mac: 30-Year Mortgage Rate At 38-Year Low (4.71%)

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

Freddie Mac (NYSE:FRE) has some great news to report, 30-year fixed-rate mortgage rates are now at  4.71% on average for the week ended Thursday, down from last week's 4.78% average and 5.53% a year ago.

Freddie May be in More Trouble

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

Calculated Risk graphs the increasingly worrisome delinquency rate at Freddie Mac (NYSE:FRE), now up to 3.33% of its book of business from 3.13% in August, and from 1.22% in September 2008.  Freddie Mac (NYSE:FRE) is currently trading down close to -3% to $1.33 a share, which is still substantially better than the 52-week low of just 35 cents per share.

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