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Stock Market & Financial Investment News

News Breaks
March 3, 2014
05:34 EDTFNMA, FMCCBerkowitz blasts Fannie, Freddie for ignoring shareholder rights, WSJ reports
Mutual-fund investor Bruce Berkowitz of Fairholme Funds has written letters to the boards of Fannie Mae (FNMA) and Freddie Mac (FMCC), calling out directors for not protecting the rights of shareholders, and increasing the stakes in his attempt let investors share in the spoils of the newly profitable mortgage-finance firms, reports the Wall Street Journal. 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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