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Stock Market & Financial Investment News

News Breaks
May 15, 2014
14:26 EDTFNMA, FMCCKey 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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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).
August 15, 2014
07:44 EDTFMCC, FNMAAckman sues government over Fannie, Freddie, Reuters reports
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August 7, 2014
08:22 EDTFMCCFreddie Mac repeats recent earnings not sustainable over long term
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08:21 EDTFMCCFreddie Mac reports Q2 net income $1.4B vs. $4.0B in Q1
Reports Q2 comprehensive income $1.9B, compared to $4.5B in Q1. Q2 financial results were primarily driven by credit cycle recovery items, including lower income from legal settlements on private-label securities of $0.4B versus $4.5B in Q1 and a shift to credit provision income of $0.6B from credit provision expense of $0.1B in Q1. Delinquency rates remained below industry benchmarks, with a single-family serious delinquency rate of 2.07% compared to 2.79% at June 30, 2013 and a multifamily delinquency rate of 0.02% in Q2.
07:34 EDTFNMAFannie Mae reports Q2 net income of $3.7B, comprehensive income $3.7B
Reports Q2 revenue $5.29B, one estimate $4.7B; Reports Q2 positive net worth of $6.1B, and expects to pay $3.7B to Treasury in September as a dividend on the senior preferred stock.

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