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Stock Market & Financial Investment News

News Breaks
May 15, 2014
14:26 EDTFMCC, FNMAKey Republican says Senate housing bill too late, The Hill reports
A housing finance reform bill that was passed by a Senate committee is probably too late and is unlikely to gain momentum before the midterm elections, said GOP Congressman Jeb Hensarling, the chairman of the House Financial Services Committee, according to The Hill. The Senate's bill would eliminate Fannie Mae (FNMA) and Freddie Mac (FMCC), the website stated. Reference Link
News For FNMA;FMCC From The Last 14 Days
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March 24, 2015
07:19 EDTFMCC, FNMAOcwen to sell additional $25B portfolio to Nationstar
Ocwen Financial (OCN) announced that its subsidiary, Ocwen Loan Servicing and Nationstar Mortgage, an indirectly-held, wholly-owned subsidiary of Nationstar Mortgage Holdings (NSM) have agreed in principle to the sale by Ocwen of residential mortgage servicing rights on a portfolio consisting of approximately 142,000 loans owned by Freddie Mac (FMCC) and Fannie Mae (FNMA) with a total principal balance of approximately $25B. Subject to a definitive agreement, approvals by Freddie Mac, Fannie Mae and FHFA and other customary conditions, Ocwen and Nationstar expect the transaction to close before mid-year.
March 18, 2015
11:36 EDTFMCCOcwen intends to sell $9.6B portfolio of mortgage servicing rights to Green Tree
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07:22 EDTFMCC, FNMAFreddie Mac, Fannie Mae could need more bailouts, WSJ says
Freddie Mac (FMCC) and Fannie Mae (FNMA) might be at risk of needing additional bailouts, due to weak Q4 earnings, reports the Wall Street Journal, citing a watchdog. Reference Link

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