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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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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
July 17, 2014
07:13 EDTFMCCWatchdog says Fannie, Freddie making riskier agreements, Reuters says
The Federal Housing Finance Agency Office of Inspector General said in a report that Fannie Mae (FNMA) and Freddie Mac (FMCC) are engaging in riskier agreements as they increasingly buy mortgages from smaller lenders, according to Reuters, citing comments from the watchdog. Reference Link

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