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Stock Market & Financial Investment News

News Breaks
March 16, 2014
17:51 EDTFMCC, FNMASens. Johnson and Crapo release housing finance reform text
The Senate Banking Committee announced in a press release on its website that Senate Banking Committee Chairman Tim Johnson and Ranking Member Mike Crapo released the legislative text of the bipartisan housing finance reform agreement that they announced last Tuesday. The announcement said in part: "Senate Banking Committee Chairman Tim Johnson and Ranking Member Mike Crapo released the legislative text of the bipartisan housing finance reform agreement that they announced last Tuesday. That announcement sparked enthusiasm from the White House, Senators, Members of Congress and key stakeholders recognizing the agreement as a positive step forward in reforming our housing finance system. Chairman Johnson and Ranking Member Crapo plan to hold a committee markup in the coming weeks. They took rare action in releasing the text over the weekend in an effort to balance the Committee Members’ interests in having adequate time to review the legislation while advancing housing finance reform in a timely manner." “Chairman Johnson and I have produced a comprehensive, bipartisan plan that winds down these too-big-to-fail entities, protects taxpayers by putting strong capital in a first-loss position, and provides broad access to mortgages for eligible borrowers,” said Ranking Member Crapo. “There is broad support to fix our flawed housing system, and today’s actions are a strong step toward ending the status quo.” The press release continued: "The housing market accounts for nearly twenty percent of the American economy, so it is critical that we have a strong and stable system that is built to last. The status quo in which Fannie Mae (FNMA) and Freddie Mac (FMCC) remain in conservatorship is not a viable option for our nation’s housing finance system." Reference Link
News For FNMA;FMCC From The Last 14 Days
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July 21, 2015
09:07 EDTFNMAEllie Mae, Fannie Mae expand strategic partnership
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July 17, 2015
12:37 EDTFMCCFreddie Mac to expand risk-sharing efforts, Bloomberg reports
Freddie Mac (FMCC) plans to expand its risk-sharing efforts designed to protect taxpayers and potentially prepare the U.S. home loan market for its future, Bloomberg reports, citing a person familiar with the matter. In a planned $300M offering of mortgage-backed securities managed by Credit Suisse (CS), the government-backed company is set to sell $22.5M of junior ranking bonds without guarantees, the report says. Freddie Mac intends to hold a call for investors next week to discuss the transaction, the report adds. Reference Link
July 16, 2015
07:19 EDTFMCC, FNMABipartisan Policy Center to hold a discussion on housing finance reform
With the seventh anniversary of government conservatorships of Freddie Mac and Fannie Mae approaching, Representatives Neugebauer and Delaney discuss the prospects for housing finance reform during the remainder of this session of Congress in a discussion being held in Washington, D.C. on July 16 at 1:30 pm. Webcast Link
July 15, 2015
08:46 EDTFMCC, FNMAAckman calls Fannie, Freddie 'most interesting' stocks Pershing owns
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