Mortgage Giant Fannie Mae "overweight" - 2004-03-18
Analysts at Morgan Stanley maintained their "overweight" rating on Fannie Mae. The target price is set to $90.

Shares of Fannie Mae, the US federal mortgage association that facilitates the flow of low-cost mortgages, are currently trading at $75.20.

According to Morgan Stanley's research note published this morning, the fair value of the company's net assets improved significantly to $31.6 billion in 2003 from $22.1 billion in 2002.
Read the full story at New Ratings

Mortgage company seeks to hire turnaround specialist - 2004-03-18
Financially strapped Metropolitan Mortgage & Securities Inc. this week asked a bankruptcy judge for permission to hire a corporate turnaround specialist at a fee of $80,000 per month.

The conglomerate wants to hire William Romney of Alvarez & Marsal, LLC., in an effort to save the business and emerge from Chapter 11 bankruptcy protection.
Read the full story at Seattle Post-Intelligencer