Items Tagged with 'Richard F. Syron'

ARTICLES

  • No Golden Parachutes For Ex-CEOs at Fannie, Freddie

    For now ex-CEOs Richard Syron and Daniel Mudd, their departure from Freddie Mac [stock FRE][/stock] and Fannie Mae [stock FNM][/stock] won't line their pockets, after investor and taxpayer uproar over both executives' severance packages. In total, both men would have made roughly $25 million under the terms of their employment contracts, a total that the financial press regularly crowed about as being excessive in the wake of the government placing both companies into conservatorship last week.
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  • Dem Lawmaker Probes Causes of GSE Share Slide: Report

    At least one lawmaker is questioning the series of events that led shares of both Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] to tank in the past month, giving some legs to private rumblings by various Street analysts and other market participants. Rep. Henry Waxman (D-CA), chairman of the House Oversight and Government Reform Committee, has asked CEOs of both GSEs if there is any evidence of White House officials tampering with their share prices.
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  • Freddie: Much Worse Than Expected

    Bottom line, the second quarter was rough on ailing mortgage finance giant Freddie Mac [stock FRE][/stock]; and that's not considering the drubbing the company's shares have already absorbed in equity markets during the past month.
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  • A Firestorm for Freddie

    One day before mortgage finance giant Freddie Mac [stock FRE][/stock] is scheduled to report second quarter earnings, a Tuesday report at the New York Times has managed to stir up the latest controversy surrounding the GSE, suggesting that CEO Richard Syron ignored advice from internal advisors regarding financing risky loans.
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  • Freddie Clears SEC Hurdle Towards Major Stock Sale

    On Friday, Freddie Mac [stock FRE][/stock] moved ever-closer to a planned stock sale by becoming a registrant with the Securities and Exchange Commission; the company's filing of a Form 10 registration statement with the SEC is a large milestone for the company, and paves the way for the company to offer shares.
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