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S&P Credit Research7504 word report
published Nov 26, 2008
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$400.00 available for immediate download
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S&P Credit Research
| Abstract: | U.S. Treasury oversight and support for debt and mortgage-backed securities (MBS) issues Strong geographic diversification in the mortgage portfolio Strong market position in U.S. mortgage finance Government support for its critical mortgage liquidity role Mortgage credit losses expected to approach record-high levels Earnings volatility driven by market disruption charges and higher credit expenses Weak capital levels on a managed basis Operating under a regulatory conservatorship Standard&Poor's Ratings Services' ratings on Federal Home Loan Mortgage Corp. (Freddie Mac) reflect the firm's status as a public policy financial institution under Standard&Poor's criteria for Government Related Entities (GREs), and its role in providing liquidity and financing to the U.S. mortgage market—a business defined by its congressional charter. The 'AAA/Stable'
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| Brief Excerpt: | RESEARCH Ratings Definitions Freddie Mac Publication date: 26-Nov-2008 Primary Credit Analyst: Victoria Wagner, New York (1) 212-438-7406; victoria_wagner@standardandpoors.com Secondary Credit Analyst: Daniel E Teclaw, New York (1)...
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| Report Type: | Full Report
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| Ticker: | FRE
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| Issuer: | Freddie Mac
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| GICS: | Thrifts & Mortgage Finance (40102010)
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Bulletin: Freddie Mac Rating Unaffected By Second-Quarter 2009 Earnings Report $100.00
NEW YORK (Standard&Poor's) Aug. 10, 2009--Standard&Poor's Ratings Services said today that its rating on Freddie Mac (AAA/Stable/--) remains unaffected by the company's second-quarter 2009 earnings report of a small $768 million profit. Our ...
- Bulletin: Freddie Mac Tender Offer Will Not Affect Ratings $100.00
NEW YORK (Standard&Poor's) July 10, 2009—Standard&Poor's Ratings Services said today that it its rating on Freddie Mac (AAA/Stable/A-1+) is not affected by the company's announcement of a tender offer to buy back substantially all of its subordinated ...
- Summary: Freddie Mac $175.00
On May 12, 2009, Freddie Mac reported a net loss of $9.9 billion for first-quarter 2009, primarily caused by an $8.8 billion loan-loss provision and an incremental $7.1 billion of other-than-temporary impairment (OTTI) on its private-label ...
- Summary: Freddie Mac $175.00
Freddie Mac reported a $23.9 billion fourth-quarter 2008 loss on March 11, 2009. The fourth-quarter loss was largely because of an $11.8 billion fair-value, mark-to-market loss on interest rate derivatives, and credit-related expenses of $7.2 ...
- Bulletin: Ratings On Freddie Mac Debt Unchanged By Second Draw Under U.S. Treasury Senior Preferred Stock Purchase Agreement $100.00
NEW YORK (Standard&Poor's) Jan. 27, 2009--On Jan. 23, 2009, Freddie Mac announced that it was seeking a second draw of around $30 billion to $35 billion under the U.S. Treasury's $100 billion senior preferred stock purchase agreement. This ...
- Bulletin: Ratings Based On Freddie Mac's Credit Enhancement Agreements Not Affected By Proposed Amendment $100.00
NEW YORK (Standard&Poor's) Jan. 15, 2009--Standard&Poor's Ratings Services reviewed today Freddie Mac's proposed Omnibus Amendment and Agreement to Credit Enhancement Agreements (FMOAA). Standard&Poor's concluded the proposed amendment upon ...
- Summary: Freddie Mac $175.00
Standard&Poor's Ratings Services' ratings on Federal Home Loan Mortgage Corp. (Freddie Mac) reflect the firm's status as a public policy financial institution under Standard&Poor's criteria for Government Related Entities (GREs), and its role ...
- Bulletin: Freddie Mac Reports Sizable $25.3 Billion Third-Quarter Loss From Deferred Tax-Asset Allowance $100.00
NEW YORK (Standard&Poor's) Nov. 14, 2008--Freddie Mac today reported a sizable $25.3 billion loss in third-quarter 2008 primarily due to a noncash charge of $14.3 billion related to its establishment of a partial valuation allowance for its ...
