Capstead Mortgage Corporation Schedules Fourth Quarter 2009 Earnings Release and Conference Call
Capstead Mortgage Corporation (NYSE: CMO) announced today that it will release its fourth quarter 2009 results following the close of trading on the New York Stock Exchange on Wednesday, January 27, 2010. The Company will host a conference call and live audio webcast to discuss the financial results on Thursday, January 28 at 9:00 a.m. ET.
To access the conference call, dial toll free (877) 407-8033 in the U.S. and Canada or (201) 689-8033 for international callers. The audio replay will be available through Thursday, February 11, 2010, and can be accessed by dialing toll free (877) 660-6853 in the U.S. and Canada or (201) 612-7415 for international callers and entering account number 286 and conference ID 342016.
Rep. Barney Frank, D-Ma., says he will push to scrap Fannie Mae and Freddie Mac altogether and come up with an entirely new mortgage financing system. “The committee will be recommending abolishing Fannie Mae and Freddie Mac in their current form and coming up with a whole new system of housing finance,” Bloomberg News quotes Frank, chairman of the House Financial Services Committee, as saying during a hearing Friday. “That’s the approach, rather than a piecemeal one.” Frank’s comments come just weeks after the Treasury Department signaled long-term support for the two mortgage lenders, announcing it had amended its programs for their funding until the end of 2012. Treasury had originally limited a funding lifeline for Fannie Mae and Freddie Mac to a total of $200 billion. That cap was eliminated last month. To date, Freddie Mac has drawn $51 billion in Treasury funding, and Fannie Mae has drawn $60 billion. [Read the full article]