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Stock Market & Financial Investment News

News Breaks
May 12, 2013
20:39 EDTFMCC, FNMAFannie 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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May 5, 2015
08:19 EDTFMCCFreddie Mac reports Q1 net income $524M vs. $227M in Q4
Freddie Mac reported Q1 net income of $524M, compared to $227M for the fourth quarter of 2014. The company reported Q1 comprehensive income of $746M, compared to $251M for the fourth quarter of 2014. Net interest income was $3.6B. Guarantee fees accounted for approximately 40% of the company’s net interest income in Q1. Derivative losses were $2.4B, of which $1.8B was related to fair value changes. Single-family serious delinquency rate was 1.73%, compared to 2.2% at March 31, 2014. Multifamily delinquency rate was 0.03%.
April 30, 2015
18:26 EDTFMCC, FNMAFannie, Freddie pursue sale of $1.18B MSR portfolios, HousingWire says
Two Fannie Mae (FNMA) and Freddie Mac (FMCC) mortgage servicing rights portfolios carrying $1.18B in loans have been put up for sale, reports HousingWire, citing MountainView Servicing Group. The report notes that bids are due May 4 and May 7. Reference Link

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