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Stock Market & Financial Investment News

News Breaks
November 12, 2012
13:16 EDTDB, FMCC, FNMADeutsche Bank's bid to dismiss FHFA lawsuit rejected by judge, Reuters reports
Reuters reports that Deutsche Bank's (DB) bid to dismiss FHFA lawsuit over Fannie Mae (FNMA), Freddie Mac (FMCC) mortgage debt losses has been rejected by a U.S. judge.
News For DB;FNMA;FMCC From The Last 14 Days
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March 27, 2015
09:37 EDTDBGoldman Sachs overtakes JPMorgan in commodities rankings, Reuters says
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March 26, 2015
07:26 EDTDBDeutsche Bank receives government support for restructuring, Bloomberg says
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March 24, 2015
07:21 EDTDBDeutsche Bank weighs three options to improve profits, Bloomberg says
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07:19 EDTFMCC, FNMAOcwen 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 22, 2015
18:14 EDTDBDeutsche Bank revamp to impact retail operations, Reuters says
The planned restructuring by Deutsche Bank will have the most impact on the bank's retail operations, says Reuters. According to sources, the bank's retail operations will "bear the brunt" of the revamp and will most likely be spun off in a stock market listing, added Reuters. Reference Link
17:51 EDTDBLawsky targets Deutsche Bank in Libor probe, FT says
According to people familiar with the matter, New York state's financial services regulator Benjamin Lawsky has joined other regulators investigating Deutsche Bank for manipulation of the Libor benchmark borrowing rate, says the Financial Times. Reference Link
March 20, 2015
07:17 EDTDBDeutsche Bank investors pushing for Postbank sale, Financial Times says
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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

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