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Stock Market & Financial Investment News

News Breaks
June 25, 2014
07:16 EDTFMCC, FNMAFannie, Freddie encouraged to sue regarding over-costly insurance, Reuters says
A report from the Federal Housing Finance Agency said that a U.S. housing regulator should consider directing government-controlled mortgage finance groups Fannie Mae (FNMA) and Freddie Mac (FMCC) to sue firms that sold them high-priced insurance, according to Reuters, citing the report. The report said that pricey insurance might have cost the companies close to $158M in 2012 alone. Reference Link
News For FNMA;FMCC From The Last 14 Days
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July 21, 2015
09:07 EDTFNMAEllie Mae, Fannie Mae expand strategic partnership
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July 17, 2015
12:37 EDTFMCCFreddie Mac to expand risk-sharing efforts, Bloomberg reports
Freddie Mac (FMCC) plans to expand its risk-sharing efforts designed to protect taxpayers and potentially prepare the U.S. home loan market for its future, Bloomberg reports, citing a person familiar with the matter. In a planned $300M offering of mortgage-backed securities managed by Credit Suisse (CS), the government-backed company is set to sell $22.5M of junior ranking bonds without guarantees, the report says. Freddie Mac intends to hold a call for investors next week to discuss the transaction, the report adds. Reference Link

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