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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.
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September 17, 2014
13:28 EDTFMCCWells Fargo eases lending requirements for buying apartments, Financial Times says
Wells Fargo (WFC) is easing lending requirements for apartment purchases, reports the Financial Times. In an interview, the head of Wells Fargo mortgage production Franklin Codel said, “We’re tweaking our condo approvals to make them more consistent with what Fannie Mae (FNMA) and Freddie Mac (FMCC) allow." Reference Link
September 12, 2014
16:22 EDTFMCCHSBC confirms settlement agreement with FHFA
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13:27 EDTFMCCHSBC pays $600M to resolve FHFA mortgage bond allegations, WSJ says
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