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Stock Market & Financial Investment News

News Breaks
May 9, 2014
07:58 EDTFNMA, FMCCFannie-Freddie overhaul opposed by key Dems, talks break down, WSJ says
Talks have broken down between members of the Senate Banking Committee and a group of key Democrats regarding a potential overhaul of government-sponsored enterprises Fannie Mae (FNMA) and Freddie Mac (FMCC), raising the prospect that a reform bill won't advance further this year, said The Wall Street Journal, citing people familiar with the matter. 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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