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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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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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April 7, 2015
07:21 EDTFMCC, FNMAThe Cato Institute holds a discussion
Peter J. Wallison, author of "Hidden in Plain Sight: What Really Caused the World’s Worst Financial Crisis and Why It Could Happen Again", and John C. Weicher, Center for Housing & Financial Markets, examine and debate causes and consequences of what caused the 2008 financial crisis in a discussion being held in Washington, D.C. on April 7 at 12 pm. Webcast Link
April 6, 2015
07:41 EDTFMCC, FNMABrookings Institute to hold a discussion
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