Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders. Freddie purchases single-family and multi-family residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage pass through securities and debt instruments in the capital markets.
*16th Time Is A Charm: Clearly, Genworth Financial (GNW.US) [Genworth] has no other prospects and we don’t think for a moment that China Oceanwide...
*No Money, Yet Deal Still On: After last night’s close of business, Genworth Financial (GNW.US) [Genworth] released an update on China Oceanwide’s...