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Stock Market & Financial Investment News

News Breaks
January 16, 2014
13:55 EDTFMCC, FMCC, FNMA, FNMABloomberg Government to hold a webinar
Discussion of the Volcker Rule's impact on the finance industry, what's next for Fannie and Freddie, likely changes to housing finance in the coming year and what’s next for Dodd-Frank regulations in a webinar entitled, "Financial Policy Outlook 2014" will be held on January 16 at 2 pm. Webcast Link
News For FMCC;FNMA From The Last 14 Days
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October 24, 2014
18:52 EDTFNMAFannie Mae reaches shareholder lawsuit settlement for $170M, Reuters reports
Fannie Mae has settled a shareholder lawsuit for $170M, Reuters reports. The settlement will pay $123.8M to common stockholders and $46.2M to preferred stockholders between November 8, 2006, and September 5, 2008, Reuters added. The lawsuit accused Fannie Mae of defrauding its shareholders and pumping its stock by issuing false and misleading statements during the 2008 financial crisis. Reference Link
October 20, 2014
15:08 EDTFMCC, FNMAHousing regulator reveals plan to ease tight credit, NY Times says
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13:40 EDTFNMAFannie Mae appoints Brian Brooks general counsel
Fannie Mae announced it has appointed Brian P. Brooks as EVP, general counsel, and corporate secretary effective November 10. Brooks joins Fannie Mae from OneWest Bank where he was vice chairman and chief legal officer. Reference Link
October 19, 2014
16:17 EDTFMCC, FNMAFannie Mae, Freddie Mac near deal to loosen lending, WSJ says
Fannie Mae (FNMA), Freddie Mac (FMCC) together with mortgage lenders are near to an arrangement that would lower barriers and lending standards on home buyers with weak credit, says the Wall Street Journal. Reference Link
October 17, 2014
12:26 EDTFMCC, FNMAFannie Mae, Freddie Mac close to deal to boost mortgage lending, WSJ reports
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