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Stock Market & Financial Investment News

News Breaks
May 13, 2014
07:42 EDTCLGX, FMCC, FNMAFederal Housing Finance Agency to hold a discussion
FHFA Director Mel Watt, discusses managing Fannie Mae and Freddie Mac and the 2014 strategic plan for their conservatorship, the state of the housing market, the GSEs' role in it and the current reforms pending in Congress with Chief Economist of CoreLogic, Mark Fleming in Washington, D.C. on May 13 at 9:30 am. Webcast Link
News For CLGX;FMCC;FNMA From The Last 14 Days
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July 24, 2014
10:03 EDTCLGXOn The Fly: Analyst Downgrade Summary
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08:10 EDTCLGXCoreLogic downgraded to Equal Weight from Overweight at Stephens
July 23, 2014
16:30 EDTCLGXCoreLogic sees 2014 EPS $1.25-$1.40, consensus $1.46
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16:29 EDTCLGXCoreLogic reports Q2 adjusted EPS 36c, consensus 37c
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July 17, 2014
18:41 EDTFNMAFannie Mae increases yields on risk-sharing debt issue, WSJ reports
Fannie Mae increased yields on its biggest issue of debt that offsets its risks of guaranteeing mortgages, The Wall Stree Journal reports. Reference Link
07:13 EDTFNMA, FMCCWatchdog says Fannie, Freddie making riskier agreements, Reuters says
The Federal Housing Finance Agency Office of Inspector General said in a report that Fannie Mae (FNMA) and Freddie Mac (FMCC) are engaging in riskier agreements as they increasingly buy mortgages from smaller lenders, according to Reuters, citing comments from the watchdog. Reference Link
July 11, 2014
09:09 EDTFMCC, FNMAOn The Fly: Pre-market Movers
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July 10, 2014
18:44 EDTFMCC, FNMAGenworth responds to GSE-sponsored PMI eligibility requirements
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17:23 EDTFNMA, FMCCEssent Group comments on proposed PMI eligibility requirements
Essent Group (ESNT) reported that the Federal Housing Finance Agency released for public input the proposed Private Mortgage Insurer Eligibility Requirements. The PMIERs represent the standards by which private mortgage insurers are eligible to provide mortgage insurance on loans owned or guaranteed by Fannie Mae (FNMA) and Freddie Mac (FMCC). Assuming the PMIERs are enacted as proposed, Essent's mortgage insurance subsidiary, Essent Guaranty would be in compliance with the new capital adequacy requirements in the PMIERs based on financial information as of March 31. “We commend FHFA, Fannie Mae and Freddie Mac for all of their work in revising the PMIERs,” said Mark Casale, Chairman and CEO. “Updating the PMIERs is important to the health of the housing finance system in general, and the mortgage insurance industry in particular. We believe that the proposed risk-based capital adequacy framework in the PMIERs is fundamentally sound. The PMIERs will serve as an important set of national standards that give industry counterparties added confidence in the claims paying capacity of private mortgage insurance companies, including Essent.” “Based in part on Essent’s strong capital levels and the exceptional credit quality of our portfolio,” Casale added, “we believe that Essent is well positioned under the PMIERs to continue to serve the growing demand for private mortgage insurance.”
17:08 EDTFNMA, FMCCMortgage insurers trading lower after FHFA proposes tighter capital rules
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