We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Fresenius SE & Co KGaA | TG:FRE | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.39 | -1.29% | 29.80 | 29.68 | 29.92 | 30.33 | 29.73 | 30.12 | 27,328 | 22:50:02 |
From Jul 2019 to Jul 2024
Federal Housing Finance Agency Director James B. Lockhart said a looming accounting change will make it less painful for Fannie Mae (FNM) and Freddie Mac (FRE) to modify loans.
The government-controlled mortgage-finance giants are a key part of the administration's strategy to help strapped homeowners. But accounting rules require them to take a 60% write-down on loans they purchase out of pools of mortgage-backed securities to modify them, Lockhart said Thursday in Washington.
That will change on Jan. 1, when a new Financial Accounting Standards Board rule will take effect, forcing Fannie and Freddie to bring the mortgage-backed securities they guarantee onto their balance sheets.
"With a stroke of a pen, the FASB is going to increase their balance sheets from $2 trillion to over $5 trillion," Lockhart said.
- Jessica Holzer, Dow Jones Newswires; 202-862-9228; jessica.holzer@dowjones.com
1 Year Fresenius SE & Co KGaA Chart |
1 Month Fresenius SE & Co KGaA Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
