Fannie Mae (FNM) And Freddie Mac (FRE) May Need $20 Billion
Part of the plan to fix the mortgage crisis is for Fannie Mae (FNM) and Freddie Mac (FRE) to buy more debt securities. To do that, they will need more capital, perhaps as much…
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Newest first · Page 212Fannie Mae (FNM) And Freddie Mac (FRE) Get New Rules
Fannie Mae (FNM) and Freddie Mac (FRE) are about to get less strict capital rules and that should put $200 billion into the mortgage market. According to Reuters "Under the agreed-to plan, the two…
Home Builders Sucked Into Credit Crisis (LEN)(TOL)(KBH)
As the financial crisis spreads quickly from Wall St. to other industries, two large home building projected have received default notices. The problems involve developments in Las Vegas where house prices has collapsed. A…
Homes Facing Foreclosure Jump Up Again
Home facing foreclosure rose 60% in February compared with numbers from the same period last year. "A total of 223,651 homes across the nation received at least one notice from lenders last month related…
Fannie Mae (FNM) And Freddie Mac (FRE) May Take Sharedholers Under
Freddie Mac (NYSE: FRE) has a market cap of about $12 billion. At Fannie Mae (NYSE: FNM) that number is closer to $22 billion. Both company’s stocks are down about 70% from their 52-week…
Paulson Cuts His Own Throat
Henry Paulson, head of Treasury, has decided that legislation to help homeowners with mortgage problems is too broad and will actually help bail out irresponsible people who were careless with their personal finances. It…
Standard Pacific Looking To Raise Capital (SPF, XHB)
Standard Pacific Corp. (NYSE: SPF) is doing something some might not expect out of a homebuilder. It filed to raise up to $600 million by issuing securities and debt to fund the development or…
Lehman Starts Homebuilders (DHI, HOV, KBH, LEN, PHM, RYL, TOL)
Lehman Brothers has initiated coverage of some key homebuilders this morning: DR Horton (NYSE: DHI) started as Overweight. Hovnanian (NYSE: HOV) started as Underweight. KB Home (NYSE: KBH) started as Equal-Weight. Lennar (NYSE: LEN)…
Did Homebuilders Finally Bottom? (DHI, TOL, LEN, CTX, HOV, BZH, XHB)
If you have been watching homebuilders of late, you’ll notice a sharp disconnect between the headlines still coming out and the stock prices of many homebuilders. The move today is partly attributed to Sam…
Home Improvement Earnings War: Lowe’s Versus Home Depot (HD, LOW)
This week will be an important earnings week for building supply and home improvement companies. We’ll get to see earnings out of Lowe’s Co. (NYSE: LOW) and out of Home Depot (NYSE: HD). Monday…
The Biggest Bail-Out Since The Great Depression
Imagine if the Federal government decided to fix most of the problems in the housing market by giving the 8.8 million Americans with mortgages larger than their home values assistance. Over two million mortgages…
Mortgage Assistance: Helping Those Who Won’t Pay
The US Treasury is encouraging several large banks, lead by Citigroup (C) and Bank of America (BAC) to freeze foreclosures for 30 days while they sort out which homeowners should get restructured loans. "The…
Nothing Goes Right At Toll Brothers (TOL)
Things are getting worse at Toll Brothers (NYSE: TOL) For fiscal 2008’s first quarter ending January 31, home building revenues of approximately $842.7 million declined 22% compared to the same period a year ago.…
Homebuilder & Housing Analyst Upgrades (KBH, MDC, PHM, TOL)
This morning, Banc of America has actually upgraded the homebuilder sector. This may be the first such round of upgrades from a brokerage firm across the board in what seems like forever. The price…
Many Homebuilders Up 100% From Lows (MTH, PHM, LEN, WCI, SPF, HOV, XHB)
Everyone knew homebuilders would turn one day and when they turned it would be fast and in a flurry of buying volume. Much of this may attributed to short covering, but much is because…