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Stock Market & Financial Investment News

News Breaks
March 16, 2014
17:51 EDTFNMA, FMCCSens. 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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August 27, 2014
09:54 EDTFNMAFannie Mae strength attributed to circulation of job posting
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August 22, 2014
17:18 EDTFMCC, FNMAGoldman Sachs announces agreements with FHFA to repurchase $3.15B in RMBS
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August 20, 2014
09:03 EDTFMCC, FNMASpread of unrest beyond Ferguson would be positive for GSEs, says Rafferty
Rafferty Capital's Dick Bove indicates that he believes that if the unrest in Ferguson spreads, Congress would increase housing subsidies, benefiting the GSEs, Fannie Mae (FNMA) and Freddie Mac (FMCC).

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