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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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April 17, 2015
16:40 EDTFMCC, FNMAEssent Group says well positioned under PMIERs
Essent Group (ESNT) reported that the Federal Housing Finance Agency publicly released the final Private Mortgage Insurer Eligibility Requirements. The PMIERs represent the standards by which private mortgage insurers are eligible to provide mortgage insurance on loans owned or guaranteed by Fannie Mae (FNMA) and Freddie Mac (FMCC), and are designed to ensure that approved mortgage insurers maintain sufficient, high-quality assets to pay claims in a stressful environment. As of March 31, Essent had sufficient assets in its insurance companies to meet the total risk-based required asset amount of the final PMIERs as published. “We have been very supportive of the risk-based capital framework underlying the PMIERs and strongly believe that sound standards which are transparent and consistently enforced strengthen our industry,” said Mark Casale, Chairman and CEO. “Now that they are final, the PMIERs will serve as an important set of national standards that give industry counterparties more transparency into the claims paying capacity of private mortgage insurance companies, including Essent.” “Based in part on Essent’s strong capital levels and the exceptional credit quality of our portfolio,” Casale added, “we believe that Essent is well positioned under the PMIERs to continue to serve the growing demand for private mortgage insurance.”
16:16 EDTFMCCFreddie Mac says revised eligibility standards to promote counterparty strength
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