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Stock Market & Financial Investment News

News Breaks
May 13, 2014
07:42 EDTCLGX, FNMA, FMCCFederal 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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March 24, 2015
07:19 EDTFNMA, FMCCOcwen to sell additional $25B portfolio to Nationstar
Ocwen Financial (OCN) announced that its subsidiary, Ocwen Loan Servicing and Nationstar Mortgage, an indirectly-held, wholly-owned subsidiary of Nationstar Mortgage Holdings (NSM) have agreed in principle to the sale by Ocwen of residential mortgage servicing rights on a portfolio consisting of approximately 142,000 loans owned by Freddie Mac (FMCC) and Fannie Mae (FNMA) with a total principal balance of approximately $25B. Subject to a definitive agreement, approvals by Freddie Mac, Fannie Mae and FHFA and other customary conditions, Ocwen and Nationstar expect the transaction to close before mid-year.
March 20, 2015
14:55 EDTCLGXCoreLogic management to meet with Piper Jaffray
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March 19, 2015
06:53 EDTCLGXCoreLogic management to meet with Oppenheimer
Meeting to be held in the Mid-Atlantic area on March 25 hosted by Oppenheimer.
06:52 EDTCLGXCoreLogic management to meet with William Blair
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March 18, 2015
11:36 EDTFMCCOcwen intends to sell $9.6B portfolio of mortgage servicing rights to Green Tree
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07:22 EDTFMCC, FNMAFreddie Mac, Fannie Mae could need more bailouts, WSJ says
Freddie Mac (FMCC) and Fannie Mae (FNMA) might be at risk of needing additional bailouts, due to weak Q4 earnings, reports the Wall Street Journal, citing a watchdog. Reference Link
March 17, 2015
13:10 EDTFNMAJPMorgan could acquire Ocwen's Fannie MSR portfolio, IMF reports
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08:26 EDTFMCC, FNMAFreddie Mac, Fannie Mae begin legal battle against Nomura, RBS, NY Post says
Freddie Mac (FMCC) and Fannie Mae (FNMA) alleged in court proceedings Monday that they bought "bad" mortgages because they were mislead by banks, reports the New York Post, citing court arguments. Monday was the first day of the lawsuit against Nomura (NMR) and co-defendant Royal Bank of Scotland (RBS) which seeks $1B in damages as well as the ability to return the securities to the banks. Lawyers presented internal bank emails that identified some mortgages as "crap" or from "extremely dysfunctional" lenders, while the banks alleged that they fully disclosed the poor quality of the products. Reference Link

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