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Stock Market & Financial Investment News

News Breaks
June 25, 2014
07:16 EDTFNMA, FMCCFannie, 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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May 17, 2015
17:06 EDTFMCC, FNMANomura, RBS ordered to pay $806M to Fannie, Freddie, Reuters says
U.S. District Judge Denise Cote has ordered Nomura (NMR) and RBS (RBS) to pay a total of $806M for allegedly misleading Fannie Mae (FNMA) and Freddie Mac (FMCC), Reuters reported Friday, citing court proceedings and a person familiar with the matter. Reuters notes that Fannie is set to receive $26.6M from the ruling, while Freddie will receive $779.4M. Reference Link
May 14, 2015
09:31 EDTFNMAJPMorgan to buy $45B in mortgage servicing rights from Ocwen
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May 12, 2015
19:52 EDTFMCC, FNMANomura, RBS could pay $805M in mortgage ruling, Reuters says
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07:48 EDTFMCCStandard & Poor's to hold a summit
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May 11, 2015
15:53 EDTFMCC, FNMAJudge says Nomura misled Freddie, Fannie, HousingWire says
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