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Stock Market & Financial Investment News

News Breaks
January 3, 2014
06:28 EDTFNMA, FMCCFannie, 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
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September 17, 2014
13:28 EDTFMCC, FNMAWells Fargo eases lending requirements for buying apartments, Financial Times says
Wells Fargo (WFC) is easing lending requirements for apartment purchases, reports the Financial Times. In an interview, the head of Wells Fargo mortgage production Franklin Codel said, “We’re tweaking our condo approvals to make them more consistent with what Fannie Mae (FNMA) and Freddie Mac (FMCC) allow." Reference Link
September 16, 2014
09:11 EDTFNMAFannie Mae prices $986M multifamily DUS REMIC under GeMS program
September 12, 2014
16:22 EDTFMCC, FNMAHSBC confirms settlement agreement with FHFA
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13:27 EDTFMCC, FNMAHSBC pays $600M to resolve FHFA mortgage bond allegations, WSJ says
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