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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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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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