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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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July 17, 2014
18:41 EDTFNMAFannie Mae increases yields on risk-sharing debt issue, WSJ reports
Fannie Mae increased yields on its biggest issue of debt that offsets its risks of guaranteeing mortgages, The Wall Stree Journal reports. Reference Link
07:13 EDTFMCC, FNMAWatchdog 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
July 11, 2014
09:09 EDTFMCC, FNMAOn The Fly: Pre-market Movers
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July 10, 2014
18:44 EDTFMCC, FNMAGenworth responds to GSE-sponsored PMI eligibility requirements
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17:23 EDTFMCC, FNMAEssent Group comments on proposed PMI eligibility requirements
Essent Group (ESNT) reported that the Federal Housing Finance Agency released for public input the proposed Private Mortgage Insurer Eligibility Requirements. The PMIERs represent the standards by which private mortgage insurers are eligible to provide mortgage insurance on loans owned or guaranteed by Fannie Mae (FNMA) and Freddie Mac (FMCC). Assuming the PMIERs are enacted as proposed, Essent's mortgage insurance subsidiary, Essent Guaranty would be in compliance with the new capital adequacy requirements in the PMIERs based on financial information as of March 31. “We commend FHFA, Fannie Mae and Freddie Mac for all of their work in revising the PMIERs,” said Mark Casale, Chairman and CEO. “Updating the PMIERs is important to the health of the housing finance system in general, and the mortgage insurance industry in particular. We believe that the proposed risk-based capital adequacy framework in the PMIERs is fundamentally sound. The PMIERs will serve as an important set of national standards that give industry counterparties added confidence in the claims paying capacity of private mortgage insurance companies, including Essent.” “Based in part on Essent’s strong capital levels and the exceptional credit quality of our portfolio,” Casale added, “we believe that Essent is well positioned under the PMIERs to continue to serve the growing demand for private mortgage insurance.”
17:08 EDTFNMA, FMCCMortgage insurers trading lower after FHFA proposes tighter capital rules
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