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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
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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