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)


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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Fannie Mae Shares Jump 17%

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

Fannie Mae (NYSE:FNM) shares are off to the races today, up 17% trading at $1.23 a share all thanks to the U.S. Treasury willing to cover any loss for the next three years.

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


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).

Fannie and Freddie Shares: Worthless (FNM, FRE)

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

Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) shares fell 18% today after a Keefe, Bruyette & Woods analyst downgraded the two to the firm's lowest rating, saying their common and preferred shares would be "worthless" given the nearly $100 billion they will continue to owe the government, even if recapitalized.

The Dow Jumps 100 Points with Citi and Fannie Leading the Charge (C, FNM, AAPL)

Bullish (Bull Market)

Today we wait to hear Q3 earnings from Apple Inc. (NASDAQ:AAPL) but the bulls are in charge pushing up the Dow Jones 100 points before 1 PM EST with Citigroup (NYSE:C) and Fannie Mae (NYSE:FNM) leading the volume of shares traded.

TodayTrader.com - Sept 14th Trading

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