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Stock Market & Financial Investment News

News Breaks
December 19, 2012
16:11 EDTFMCCFreddie Mac CFO Ross Kari to retire in 2H13
Freddie Mac announced that its CFO, Ross J. Kari, has informed the company of his intent to retire in 2H13 following his 55th birthday. Kari has committed to stay with Freddie Mac until after a successor is appointed and a transition has taken place.
News For FMCC From The Last 14 Days
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July 30, 2014
13:44 EDTFMCCBank of America division ordered to pay $1.3B over mortgages, Bloomberg reports
Bank of America's (BAC) Countrywide division has been ordered to pay $1.3B in penalties for defective mortgage loans it sold to Fannie Mae (FNMA) and Freddie Mac (FMCC) during the 2008 financial crisis, Bloomberg reported. The fine is just over half the amount the government had requested, Bloomberg added. Reference Link
July 27, 2014
16:14 EDTFMCCGoldman close to settling FHFA suit on faulty mortgage claims, Bloomberg says
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10:45 EDTFMCCFannie, Freddie prefered, common holders could still be wiped out, Barron's says
Fannie Mae (FNMA) and Freddie Mac's (FMCC) preferred and common shareholders could still get wiped out despite recent gains, Barron's argues in a follow up article. Reference Link

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