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Stock Market & Financial Investment News

News Breaks
March 31, 2014
07:03 EDTFMCC, FNMA, EVEREverBank completes sale of servicing assets to Green Tree
EverBank Financial (EVER) announced that it has closed on the sale of $10.3B of unpaid principal balance of Fannie Mae (FNMA), Freddie Mac (FMCC) and private investor mortgage servicing rights to Green Tree Servicing. In addition, EverBank expects to close on the sale of $1.9B of UPB of private investor MSR to Green Tree pending approval at a later date. EverBank also announced that it has received all third-party consents required to close the sale of its default servicing platform to Green Tree
News For EVER;FNMA;FMCC From The Last 14 Days
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January 28, 2015
14:00 EDTFMCC, FNMAU.S. denied motion to stay Fannie Mae, Freddie Mac suits, WSJ reports
A judge in a federal claims court denied the U.S. government’s motion to stay proceedings in lawsuits brought by a group of Wall Street investors over the treatment of Fannie Mae (FNMA) and Freddie Mac (FMCC), according to The Wall Street Journal, citing two people familiar with the decision. The U.S. asked that those suits be put on hold pending the appeal of a decision by a D.C. district court that previously dismissed a similar group of cases, the report noted. Reference Link
07:32 EDTFMCC, FNMARegulator defends Fannie and Freddie 3% downpayment mortgages, LA Times says
Mortgage regulator Melvin Watt stated Fannie Mae (FNMA) and Freddie Mac's (FMCC) new 3% downpayment mortages are just as safe as loans with 10% downpayment, reports the LA Times, citing a hearing by the House Financial Services Committee. Watt, director of the Federal Housing Finance Agency, said the mortgage giants are combining low downpayments with "compensating factors" such as strong credit requirements and private mortgage insurance. Fannie's program began in December and Freddie's begins in March. Reference Link
06:12 EDTEVEREverBank reports Q4 EPS excl. items 30c, consensus 30c
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