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Stock Market & Financial Investment News

News Breaks
February 28, 2014
06:25 EDTFHN, FMCCFirst Horizon enters definitive resolution agreement with Freddie Mac
First Horizon National (FHN) announced last night that it has entered into a definitive resolution agreement with the Federal Home Loan Mortgage Corp. (FMCC) regarding the loan repurchase process. The agreement with Freddie Mac follows an agreement with Fannie Mae that First Horizon entered into in Q4. First Horizon said the developments, along with other adjustments, will cause it to change its previously-reported consolidated net income available to common shareholders for the year ended December 31, 2013 by an insignificant amount. Specifically, First Horizon will report $23.8M, or 10c per common share.
News For FHN;FMCC From The Last 14 Days
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December 17, 2014
10:50 EDTFMCCAckman says added 'meaningfully' to Freddie, Fannie positions in last week
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December 15, 2014
16:15 EDTFHNFirst Horizon initiated with a Buy at Guggenheim
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December 8, 2014
12:31 EDTFMCCFannie Mae, Freddie Mac to back mortgages with 3% down payments, LA Times says
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