Fannie Mae (Seite 2033)

[kurshellseher]

Fannie Mae hat auf Höchstkurs 7,95 Dollar ( 5,40 Euro ) geschlossen

Ich erwarte für heute wieder 20% Kurssteigerung,da sich vorgestern noch 120.000.000 Aktien im Shortbestand befanden und die shorties
vor dem langen Wochenende bis Dienstag noch covern werden.

Also Schlusskurs: 9,54 Dollar = 6,49 Euro

[lordmare]

Fannie, Freddie capital can absorb losses: report

NEW YORK (Reuters) - Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz), the two biggest U.S. mortgage finance giants, have enough capital to absorb probable losses through the end of the year, according to Citigroup equity research.

Estimated third and fourth quarter revenue of $7.5 billion for Fannie Mae and $5.5 billion for Freddie Mac would cover likely losses of $1.5 billion and $1.2 billion, Citigroup said in slides for a conference call on Tuesday.

The excess capital over minimums in the second half of the year would thus total $20.3 billion for Fannie Mae and $12.7 billion for Freddie Mac, the slide presentation obtained by Reuters shows.

The companies have come under intense scrutiny over the past few months on investor speculation that mortgage losses would cause shortfalls in capital, and lead to a bailout by the U.S. Treasury. Fannie Mae and Freddie Mac shares have tumbled since May with analysts contending a taxpayer-funded rescue could leave shares worthless.

Citigroup analyst Bradley Ball in an August 22 report asserted that shareholder interests would likely be preserved despite increased chances for "extraordinary" actions by the companies and policymakers.

(Editing by James Dalgleish)

[solarsemi45]

26.08.2008 15:23
Fannie Mae Einlösung
Washington (ots/PRNewswire) -

Fannie Mae (News) (NYSE: FNM) wird den Kapitalbetrag der folgenden
Wertpapieremission am unten angegebenen Einlösungstermin zu einem
Einlösungspreis einlösen, der 100 Prozent der eingelösten
Kapitalsumme zzgl. von darauf bis zum Tag der Einlösung aufgelaufenen
Zinsen entspricht:


Kapital- Wertpapier- Zins- Fälligkeits- CUSIP Einlösungs-
summe art satz termin termin
40.000.000 USD MTN 5,400 % 5. September 3136F8SA4 5. September
2012 2008
100.000.000 USD MTN 5,500 % 5. September 3136F8RX5 5. September
2012 2008
15.000.000 USD MTN 4,310 % 5. Juni 3136F9RW5 5. September
2013 2008


Fannie Mae ist eine Aktiengesellschaft mit öffentlichem Auftrag.
Unsere Aufgabe besteht in der Erhöhung des Angebots an
erschwinglichem Wohnraum in den USA und der Beschaffung von globalem
Kapital für unsere Gemeinden. Fannie Mae wird gemäss einer Satzung
der US-Bundesregierung geführt und ist im sekundären Hypothekenmarkt
der USA tätig, um zu gewährleisten, dass Hypothekenbanken sowie
andere Kreditgeber über ausreichende Mittel verfügen, um
Eigenheimkäufern zinsgünstige Darlehen anbieten zu können. Im Jahr
2008 feiern wir unser 70. Jahr im Dienste des amerikanischen
Wohnungsmarkts. Wir unterstützen die Versorgung Amerikas mit
Wohnraum.

Diese Pressemitteilung stellt kein Verkaufsangebot oder Angebot
für den Kauf von Wertpapieren von Fannie Mae dar. Die Informationen
in dieser Pressemitteilung stellen in keiner Weise Kauf- bzw.
Verkaufsempfehlungen für eine bestimmte Kapitalanlage dar. Jegliche
Investitionsentscheidung für den Kauf hier erwähnter Wertpapiere muss
ausschliesslich auf Grundlage der Informationen getroffen werden, die
im Emissionsrundschreiben von Fannie Mae enthalten sind. Diese
Pressemitteilung erhebt keinen Anspruch auf Vollständigkeit oder
Exaktheit der hierin enthaltenen Informationen.

Sie sollten nicht mit Wertpapieren handeln, sofern Sie sich nicht
über deren Wesen und das Ausmass des Risikos, das Sie eingehen, im
Klaren sind. Sie sollten davon überzeugt sein, dass sich die
Wertpapiere bezüglich Ihrer jeweiligen Umstände und finanziellen
Situation für Sie eignen. Im Zweifel sollten Sie sich an einen
qualifizierten Finanzberater wenden.

Website: http://www.fanniemae.com

ots Originaltext: Fannie Mae
Im Internet recherchierbar: http://www.presseportal.ch

Pressekontakt:
Latressa Cox von Fannie Mae, [phone]




Klicken Sie hier, um weitere aktuelle Nachrichten zum Unternehmen zu finden:

FANNIE MAE

USA ist klug ein Seite kauft wie IKB deutsche steuer Gelder Banken zurück.
Andere Seite mit Ausländische Geld er Will wieder sein Grösste Krise Günstig im Börse Geld Sammeln.
Deutschen Kaufen...Fanni Mae--Freddi Mac----
Gut..Gut...

[lordmare]

Antwort auf Beitrag Nr.: 34.854.440 von lordmare am 25.08.08 21:05:15

Freddie debt sale eases concerns of nationalization
Montag, 25. August 2008, 21:01 Uhr

By Al Yoon

NEW YORK (Reuters) - Ailing mortgage finance company Freddie Mac easily sold $2 billion of short-term debt on Monday, reassuring investors that it and rival Fannie Mae can fund operations without a government takeover.

Fannie Mae (FNM.N: Kurs) shares rose 9 percent, and Freddie Mac (FRE.N: Kurs) stock gained more than 22 percent in early afternoon trading in New York. Broader markets tumbled.

An analyst said the government-sponsored enterprises (GSEs), which own or guarantee nearly half of the mortgages in the United States, were unlikely to be nationalized, which also soothed market jitters.

Investors have been dumping their stock and have pushed the shares down more than 90 percent since March on fears the housing slump will leave the two insolvent without emergency support from the government.

Freddie Mac on Monday sold $1 billion each in three- and six-month bills, with a measure of bids stronger than its sale earlier this month. Freddie Mac and Fannie Mae must routinely issue debt to refinance maturing issues that fund their combined $1.5 trillion in mortgage investments.

"The GSEs continue to have access to funding," said Rajiv Setia, a strategist at Barclays Capital in New York. If higher rates are paid for that funding, it will get passed on through higher consumer mortgage rates, however, he said.

The companies' ability to sell debt relatively cheaply is crucial not only for their existence but because they are the only large providers of money for the depressed housing market as the credit crunch sidelined banks and Wall Street investment firms.

Investors have feared that as mortgage defaults pile up and erode the two companies' capital, the U.S. Treasury would intervene, supporting their access to credit markets but leaving shareholders with nothing.

Citigroup analyst Bradley Ball, who has held a "buy" rating through turmoil surrounding the GSEs, challenged that premise.

"The recent GSE sell-off has been surprising, since the only catalyst was apparently a press report suggesting that federal officials are likely to recapitalize the GSEs soon," Ball wrote. Nationalization is unlikely, he said.

Citing an unnamed source, Barron's last week reported a government recapitalization of Fannie Mae and Freddie Mac was increasingly likely and that losses could go beyond common stock to preferred shares and subordinated debt.

Ball increased his "risk" rating on the two companies to "speculative" from "high," while keeping a "buy" on the shares. Ball slashed his target prices on Fannie Mae and Freddie Mac by more than half to $9 and $6, respectively.

In early afternoon New York trading, shares of Freddie Mac soared 23 percent to $3.45 and Fannie Mae shares climbed 9 percent to $5.46.

Ball wrote that options for Treasury Secretary Henry Paulson and the companies include an equity investment by the Treasury, a loosening of capital surplus requirements by their regulator, a sale of mortgage bonds to free up capital, or nothing until market conditions improve.

"We continue to watch market developments," Treasury spokeswoman Brookly McLaughlin, told reporters. "We continue to be in touch with the companies and their regulators and continue to stay on top of this."

The Treasury still believes that the mortgage finance giants should remain shareholder-owned, a source familiar with Treasury thinking told Reuters on Friday.

McLaughlin said that the Treasury's new GSE adviser, Morgan Stanley, was not expected to issue a formal, public report on its recommendations to the Treasury regarding its temporary backstop authority. Rather, there would be "exchanges of information" between Morgan Stanley and the Treasury through the end of Morgan's contract in January.

Yield spread premiums on the corporate "federal agency" senior debt issued by Fannie Mae and Freddie Mac increased slightly after narrowing sharply last week. Investors believe a government bailout would make the debt more like U.S. Treasury securities, and remove the risk implied by the spread.

Fannie Mae on Monday announced it would tap the debt markets for $2 billion in three- and six-month bills.

(With reporting by Julie Haviv in New York and David Lawder and Patrick Rucker in Washington; Editing by Tom Hals)

© Thomson Reuters 2008 Alle Rechte vorbehalten.

[lordmare]

Gross, Fuss say any new GSE deal needs Treasury
Montag, 25. August 2008, 20:42 Uhr

By Jennifer Ablan

NEW YORK (Reuters) - Two of the biggest U.S. bond investors said they would get involved in a capital raising by Fannie Mae (FNM.N: Kurs) and Freddie Mac (FRE.N: Kurs) as long as the U.S. Treasury participates in the new deals.

But Bill Gross, chief investment officer at Pacific Investment Management Co., and Dan Fuss, vice chairman of Boston-based Loomis Sayles, disagree on what shape any deal with Treasury should take, according to separate interviews on Friday.

Gross would be drawn to a straight preferred stock offering similar to securities sold by Fannie Mae and Freddie Mac in raising capital this year and last, while Fuss wants an offering of convertible debentures.

"We would buy preferred stock subject to significant Treasury participation and an attractive yield," Gross told Reuters by email.

Fuss, who helps oversee more than $100 billion in fixed-income securities at Loomis, has another idea.

Fuss told Reuters the troubled government-sponsored enterprises should raise $15 billion each in the form of 30-year convertible preferreds to build capital reserves.

The convertibles, which have characteristics of both a bond and a stock, would include a 5 percent coupon and a pre-set conversion price of around $6, Fuss said, given that Fannie Mae shares are now trading at $5.44 and Freddie Mac at $3.37.

"It is a long-term call on the common stock," Fuss said. "Without such a plan like this, shareholders might get zero. You want zero or ongoing companies?" said Fuss, who owns Fannie Mae and Freddie Mac agency debt and preferred securities.

The new 30-year convertible preferreds would be non-callable for life by Fannie Mae and Freddie Mac, while holders can convert the preferreds into common stock after holding them for six years, Fuss added. "Common holders will face dilution but it would be down the road with this plan," Fuss said.

Last week, executives at Freddie Mac were gauging investor interest from private-equity firms and other investors about the possibility of buying new common or preferred shares in the company, the Wall Street Journal reported.

But the Journal article said many investors fear any money they invest now in Freddie Mac or Fannie Mae will be lost later if the Treasury bails out the companies through an equity purchase.

The Treasury's investment in new convertible preferreds would add confidence that the securities would hold their value, Fuss said. "These new convertibles look outstandingly cheap," he added.

But Gross said a convertible preferred or convertible bond offering has no interest to him.

"The equity is virtually worthless and will continue to be," Gross said. "If the Treasury buys preferred stock, though, I would assume that would validate that class of equity during any liquidation/reprivitization."

Fannie Mae so far has raised more than $14 billion in capital since November to offset writedowns on mortgages it owns or guarantees. Freddie Mac has raised $6 billion since November.

Gross told Reuters last week that he doesn't believe a bail out by Treasury is imminent. "The election season and the relatively recent passage of the (Treasury) authorization argue for delay as long as possible," he said.

That delay, however, will be predicated on the notion that Fannie Mae and Freddie Mac can continue to sell discount notes and term debt at "relatively stable spreads," said Gross, who manages the $130 billion Pimco Total Return fund.

Monday, Freddie Mac easily sold $2 billion of debt, reassuring investors that it and Fannie Mae, who sold $2 billion of debt last week, can fund operations without a government takeover.

(Editing by Neil Stempleman)

© Thomson Reuters 2008 Alle Rechte vorbehalten.

[brueckenschieber]

Antwort auf Beitrag Nr.: 34.851.822 von solarsemi45 am 25.08.08 18:17:26

jep

[lordmare]

Antwort auf Beitrag Nr.: 34.851.867 von spekulativ am 25.08.08 18:19:51

Börse Go
Freddie Mac gegen Trend stark von Christian Hoyer
Montag 25. August 2008, 17:33 Uhr
New York (BoerseGo.de) - Die Aktie des angeschlagenen Hypothekenfinanzierers Freddie Mac notiert aktuell deutlich im Plus, nachdem die aktuelle Emission einer Unternehmensanleihe in Höhe von zwei Milliarden Dollar auf deutlich größere Nachfrage als bei den jüngsten Ausgaben von Schuldpapieren gestoßen ist. Zusätzlich zeigt sich das Investmenthaus Citigroup optimistisch, dass die beiden US-Hypothekengiganten auch durch andere Hilfsmaßnahmen als durch eine Verstaatlichung der Unternehmen zu retten sind, was die Anteile der verbliebenen Aktionäre wertlos machen würde.

Die Aktie von Freddie Mac gewinnt aktuell 13,16 Prozent auf 3,18 Dollar.

[solarsemi45]

Antwort auf Beitrag Nr.: 34.851.867 von spekulativ am 25.08.08 18:19:51

Für dich ist schööööööööööööööööööööööööön...............


Mfg

[spekulativ]

Antwort auf Beitrag Nr.: 34.851.822 von solarsemi45 am 25.08.08 18:17:26

bin bei beiden investiert

[solarsemi45]

Die Männchen haben falsch verstanden.
Fanni Mae ist klarer kauf(jede ist selbst antwortlich)

Kaufen:Aber neben Wirkung kommt erst 4-5 Tage später.

Mfg