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Stock Market & Financial Investment News

News Breaks
May 12, 2013
20:39 EDTFNMA, FMCCFannie Mae, Freddie Mac could be in trouble, Barron's warns
If the government continues to take profits over the next ten years, instead of letting the mortgage outfits out of the "conservatorship" program, the companies could be left for dead, Barron's warns in the D.C. Current column. Reference Link
News For FNMA;FMCC 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 EDTFNMA, FMCCHousing 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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October 16, 2014
07:03 EDTFMCCThe FDIC to hold a symposium
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October 10, 2014
08:07 EDTFMCC, FNMAFairholme Funds files notice of appeal of Fannie/Freddie court ruling
Fairholme Funds filed a notice of appeal in the U.S. Court of Appeals for the District of Columbia of a ruling by District Court Judge Royce Lamberth that dismissed lawsuits filed by Fairholme and other plaintiffs against the U.S. Government. The lawsuits relate to the Fannie Mae (FNMA) / Freddie Mac (FMCC) Preferred Stock Purchase Agreement and subsequent amendments. Fairholme issued the following statement via its legal counsel, Charles J. Cooper of Cooper & Kirk, PLLC: “Fairholme believes strongly that the Net Worth Sweep – imposed four years after the financial crisis – was not authorized by the Housing and Economic Recovery Act of 2008 and must be unwound. Fairholme also believes strongly that the Federal Housing Finance Agency has contractual and fiduciary duties to the preferred shareholders of Fannie Mae and Freddie Mac, and that these duties can and will be enforced.”
05:57 EDTFNMA, FMCCAckman added to Fannie, Freddie stakes, NY Post reports
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