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Stock Market & Financial Investment News

News Breaks
March 27, 2014
06:44 EDTFMCC, FNMASenior Democrat to propose mortgage industry overhaul, NY Times says
The top Democratic member of the House Financial Services Committee, Maxine Waters, later today will propose a bill that would wind down Fannie Mae (FNMA) and Freddie Mac (FMCC), while making the mortgage lending system more like a public utility, according to The New York times. Under the bill, only a co-op of lenders could issue mortgage-backed securities guaranteed by the government, the newspaper stated. Waters' bill would require private investors to take the first 5% of losses, while a separate Senate bill would require private investors to take a 10% hit, the newspaper noted. Reference Link
News For FNMA;FMCC From The Last 14 Days
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December 17, 2014
10:50 EDTFMCC, FNMAAckman says added 'meaningfully' to Freddie, Fannie positions in last week
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December 8, 2014
12:31 EDTFMCC, FNMAFannie Mae, Freddie Mac to back mortgages with 3% down payments, LA Times says
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