Saving Fannie Mae Freddie Mac: related news

Fannie Mae, Freddie Mac hold critical role in home mortgage system

Jul. 15--Consumers might not feel connected to Fannie Mae or Freddie Mac, but there's a good chance the agencies helped them buy a home.

Fannie Mae, Freddie Mac hold critical role in home mortgage system

(The Pittsburgh Tribune-Review Via Acquire Media NewsEdge) Jul. 15--Consumers might not feel connected to Fannie Mae or Freddie Mac, but there's a good chance the agencies helped them buy a home.

RAD Bad, CVS Good - Cramer's Stop Trading! (7/9/08))

(BAC), Fannie Mae (FNM), Freddie Mac (FRE): After a sluggish close of the trading day, Cramer blamed financials and says he is worried about Bank of America. He called on the Presidential candidates to discuss a plan of action in case a major bank fails. While financials affect other sectors, Cramer doesn't think the slowing of this sector should lead one to be bearish on stocks in general, and he looks to safer areas such as healthcare. Cramer doesn't think a dramatic fall in oil will be great for stocks, since a lot of the S&P 500 is levered to oil. He added Fannie Mae and Freddie Mac are "technically insolvent."

Saving Fannie Mae, Freddie Mac

Paulson and Bernanke proposal would give mortgage finance giants bigger line of credit with Treasury and open NY Federal Reserve lending window.

Analyst Actions: Fannie Mae, Amazon.com, VeriSign, Qwest

Analyst Frederick Cannon says Fannie Mae on Friday posted a $2.54 second quarter loss, much wider than the 79 cents consensus and his 89 cents estimate. He notes Fannie also stated a number of measures to preserve capital, including limited portfolio loan growth, a dividend cut, and expense cuts. Cannon feels scaling back on portfolio growth is especially important as it means the benefit to Fannie from widening credit spreads is limited, capital raises are dilutive to future earnings. The analyst widened his $2.77 2008 loss estimate to a $7.00 loss and cut his $1.07 2009 EPS forecast to a $1.50 loss, reflecting the second quarter earnings miss and increased credit loss assumptions going forward. he cut his $48 price target to $10

Movers: eBay, JPMorgan, Fannie Mae, Freddie Mac, Nokia, United Technologies

EBay (EBAY) posts $0.43, vs. $0.34 a year ago, second quarter non-GAAP EPS on 20% revenue rise. Non-GAAP operating margin decreased to 31.9% primarily due to EBAY's faster growing, lower-margin businesses, such as PayPal and Skype. Sees 2008 revenue of $8.8-$9.05 billion, non-GAAP EPS of $1.72-$1.77. For third quarter, sees revenue of $2.1-$2.15 billion, non-GAAP EPS of $0.39-$0.41. Thomas Weisel, Goldman reportedly downgrade.

Movers: eBay, JPMorgan, Fannie Mae, Freddie Mac, Nokia, United Technologies

EBay (EBAY) posts $0.43, vs. $0.34 a year ago, second quarter non-GAAP EPS on 20% revenue rise. Non-GAAP operating margin decreased to 31.9% primarily due to EBAY's faster growing, lower-margin businesses, such as PayPal and Skype. Sees 2008 revenue of $8.8-$9.05 billion, non-GAAP EPS of $1.72-$1.77. For third quarter, sees revenue of $2.1-$2.15 billion, non-GAAP EPS of $0.39-$0.41. Thomas Weisel, Goldman reportedly downgrade.

Movers: eBay, JPMorgan, Fannie Mae, Freddie Mac, Nokia, United

EBay (EBAY) posts $0.43, vs. $0.34 a year ago, second quarter non-GAAP EPS on 20% revenue rise. Non-GAAP operating margin decreased to 31.9% primarily due to EBAY's faster growing, lower-margin businesses, such as PayPal and Skype. Sees 2008 revenue of $8.8-$9.05 billion, non-GAAP EPS of $1.72-$1.77. For third quarter, sees revenue of $2.1-$2.15 billion, non-GAAP EPS of $0.39-$0.41. Thomas Weisel, Goldman reportedly downgrade.

Movers: eBay, JPMorgan, Fannie Mae, Freddie Mac, Nokia, United Technologies

EBay (EBAY) posts $0.43, vs. $0.34 a year ago, second quarter non-GAAP EPS on 20% revenue rise. Non-GAAP operating margin decreased to 31.9% primarily due to EBAY's faster growing, lower-margin businesses, such as PayPal and Skype. Sees 2008 revenue of $8.8-$9.05 billion, non-GAAP EPS of $1.72-$1.77. For third quarter, sees revenue of $2.1-$2.15 billion, non-GAAP EPS of $0.39-$0.41. Thomas Weisel, Goldman reportedly downgrade.

House votes to back Fannie Mae, Freddie Mac, stem foreclosures

Bush drops his veto threat and signals he will sign the measure as Republican lawmakers argue that the plan is a government bailout. Senate could approve the measure by next week.

Feds plan to rescue Fannie Mae, Freddie Mac

Paulson and Bernanke proposal would give mortgage finance giants bigger line of credit with Treasury and open NY Federal Reserve lending window.

The best Mac DVD Creator - Aimersoft DVD Creator for Mac now released

Aimersoft Studio now released the best DVD burner software on Mac OS X-Aimersoft DVD Creator for Mac to convert movies to DVD and burn DVD movies for portable and home DVD players on Mac OS X.

S&P Picks and Pans: Fannie Mae, Freddie Mac, JPMorgan, eBay, Nokia, Harley Davidson, Merrill Lynch, BlackRock

Broadband Service Provider Trident SR Sdn. Bhd.

Movers: Alcoa, Cisco Systems, Merrill Lynch, Freddie Mac, Fannie Mae, QLogic

Alcoa (AA) posts $0.66, vs. $0.81 a year ago, second quarter GAAP EPS on 5.6% lower sales. Notes that, while second quarter results were down year over year, its profitability compared with the first quarter 2008 rose 80%, as higher input costs impacting the entire aluminum industry were offset by higher volume and stronger pricing. S&P reiterates buy. Friedman Billings upgrades to outperform.

Art Hogan Of Jeffries & Co: I Wouldn't Touch Fannie Mae Or Freddie Mac Stock With A 10-Foot Pole

(RTTNews) - In an interview with RTT News, Art Hogan, chief market analyst at Jeffries & Co. discusses the Dow's plunge below the 11,000 mark, which he says changes "the psychology of Wall Street for Main Street." Hogan says he is not putting cash to work right now because there will be "better entry levels" in the fall.

Art Hogan Of Jeffries & Co: I Wouldn't Touch Fannie Mae Or Freddie Mac Stock With A 10-Foot Pole

(RTTNews) - In an interview with RTT News, Art Hogan, chief market analyst at Jeffries & Co. discusses the Dow's plunge below the 11,000 mark, which he says changes "the psychology of Wall Street for Main Street." Hogan says he is not putting cash to work right now because there will be "better entry levels" in the fall.

Movers: Freddie Mac, Cisco Systems, priceline.com, Whole Foods Market

Freddie Mac (FRE) posts $1.63 second quarter loss, vs. $0.96 EPS a year ago, on 28% revenue drop. It notes other non-interest loss vs. gain last year and sharply higher credit-related expenses. Reaffirms its commitment to raise capital; expects to reduce dividend in third quarter from $0.25 to $0.05 or less per share, and pay full dividends at contractual rates on its preferred stock. S&P maintains sell.

Movers: Freddie Mac, Cisco Systems, priceline.com, Whole Foods Market

Freddie Mac (FRE) posts $1.63 second quarter loss, vs. $0.96 EPS a year ago, on 28% revenue drop. It notes other non-interest loss vs. gain last year and sharply higher credit-related expenses. Reaffirms its commitment to raise capital; expects to reduce dividend in third quarter from $0.25 to $0.05 or less per share, and pay full dividends at contractual rates on its preferred stock. S&P maintains sell.

DVD Creator for Mac - Mac DVD Burner, Burn FLV/AV I/ WMV / HD video to DVD

Wondershare Software, a leading developer of digital video editing and multi-media software provider, has just released a video to DVD burning application for Mac OS – DVD Creator for Mac.

DealNN: iPod gear, Mac Pro Quad, Mac Mini

Deals at DealNN for today include the Kensington iPod entertainment dock for $25 from NothingButSoftware.com and the H2O Audio waterproof case for iPod video that was reduced from $89.95 to $49.99 at BestBuy.com. Amazon.com has the Altec Lansing inMotion mobile speaker system for iPod for $45 with free shipping. The Mac Mini with 2.0GHz processor, 1GB of memory and 120GB hard drive is $769 after a $25 mail in rebate at OnSale.com. MacConnection.com has the Mac Pro Quad Core for $2299 with free Fusion software after mail in rebate.

Foundations of Mac OS X Leopard Security

jsuda writes "At least a half-dozen times in the book 'Foundations of Mac OS X Leopard Security' the authors state that there is a misconception that the Macintosh computer is immune from security problems. That allegation may explain why there are very few books published (and nearly none in recent years) about security for the Mac. This book is meant to change all that. The authors acknowledge that the Mac OS X software has had little of the security problem experience of Windows (and other operating systems, to a lesser extent) but they spend 455 pages detailing exactly where and how the Macintosh platform is (or may be) vulnerable." Read below for the rest of Jsuda's review.

YouTube Downloader for Mac - convert YouTube to iPod on Mac, put YouTube to iPhone on Mac

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MS offers Open XML File Format Converter for Mac 1.0

In addition to its latest Office 2004 XML update and Office 2008 stability update, Microsoft on Tuesday quietly (and finally) released its much-anticipated Open XML File Format Converter for Mac 1.0, which allows users to convert Open XML files that were created in Office 2008 for Mac or Office 2007 for Windows. The software allows them to open, edit, and save the files in earlier versions of Office for Mac. Open XML Converter can convert Word documents, Excel workbooks, and PowerPoint presentations that are in the Open XML Format and can convert and open a single file, or convert a large number of files. The download is 45MB; it is available free of charge.

Tufts Tells Judge, We Can't Tie IP To MAC Addresses

NewYorkCountryLawyer writes "Protesting that Tufts University's DHCP-based systems 'were not designed to facilitate forensic examinations,' but rather to ensure 'smooth operations and to manage capacity issues,' the IT Office at Tufts University has responded to the subpoena in an RIAA case, Zomba v. Does 1-11, by submitting a report to the judge (PDF) explaining why it cannot cross-match IP addresses and MAC addresses, or identify users accurately. The IT office explained that the system identifies machines, not users; that some MAC addresses have multiple users; that only the Address Resolution Protocol system has even the potential to match IP addresses with MAC addresses, but that system could not do so accurately. For reasons which are unclear, the IT department then suggested that the RIAA next time send them 'notices to preserve in

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