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Stock Market & Financial Investment News

News Breaks
January 3, 2014
06:28 EDTFMCC, FNMAFannie, Freddie possibly too profitable to close, LA Times says
President Obama and some members of Congress want to shut down Fannie Mae (FNMA) and Freddie Mac (FMCC), but the companies may be too profitable to close since they are planning to send dividend checks to the Treasury worth a combined $39B, reported the Los Angeles Times. Reference Link
News For FNMA;FMCC From The Last 14 Days
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May 17, 2015
17:06 EDTFMCC, FNMANomura, RBS ordered to pay $806M to Fannie, Freddie, Reuters says
U.S. District Judge Denise Cote has ordered Nomura (NMR) and RBS (RBS) to pay a total of $806M for allegedly misleading Fannie Mae (FNMA) and Freddie Mac (FMCC), Reuters reported Friday, citing court proceedings and a person familiar with the matter. Reuters notes that Fannie is set to receive $26.6M from the ruling, while Freddie will receive $779.4M. Reference Link
May 14, 2015
09:31 EDTFNMAJPMorgan to buy $45B in mortgage servicing rights from Ocwen
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May 12, 2015
19:52 EDTFMCC, FNMANomura, RBS could pay $805M in mortgage ruling, Reuters says
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07:48 EDTFMCCStandard & Poor's to hold a summit
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May 11, 2015
15:53 EDTFMCC, FNMAJudge says Nomura misled Freddie, Fannie, HousingWire says
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