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Stock Market & Financial Investment News

News Breaks
March 31, 2014
10:50 EDTFMCCAckman increases economic exposure to Freddie Mac to 11.08%
Bill Ackman's Pershing Square Capital confirmed in a regulatory filing that as of March 31 the fund and affiliates beneficially owned an aggregate of 63,575,565 shares of the common stock of Federal Home Loan Mortgage Corporation, or Freddie Mac, representing approximately 9.78% of its outstanding common stock. Pershing also has additional economic exposure to approximately 8,434,958 notional shares of common stock under certain cash-settled total return swaps, bringing total aggregate economic exposure to 72,010,523 shares of common stock, or approximately 11.08% of the outstanding common stock.
News For FMCC From The Last 14 Days
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October 1, 2014
07:08 EDTFMCCCases linked to Fannie, Freddie profits rejected by judge, Reuters says
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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

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