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Stock Market & Financial Investment News

News Breaks
January 30, 2014
07:47 EDTFNMAJudge Peck, to retire this week, approves Lehman, Fannie settlement, WSJ reports
In his last major decision as Lehman's bankruptcy judge before retiring this week, Judge James Peck approved Lehman Brothers Holdings' settlement with Fannie Mae over $18.9 in mortgage claims, reports the Wall Street Journal. Reference Link
News For FNMA From The Last 14 Days
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October 20, 2014
15:08 EDTFNMAHousing regulator reveals plan to ease tight credit, NY Times says
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13:40 EDTFNMAFannie Mae appoints Brian Brooks general counsel
Fannie Mae announced it has appointed Brian P. Brooks as EVP, general counsel, and corporate secretary effective November 10. Brooks joins Fannie Mae from OneWest Bank where he was vice chairman and chief legal officer. Reference Link
October 19, 2014
16:17 EDTFNMAFannie Mae, Freddie Mac near deal to loosen lending, WSJ says
Fannie Mae (FNMA), Freddie Mac (FMCC) together with mortgage lenders are near to an arrangement that would lower barriers and lending standards on home buyers with weak credit, says the Wall Street Journal. Reference Link
October 17, 2014
12:26 EDTFNMAFannie Mae, Freddie Mac close to deal to boost mortgage lending, WSJ reports
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October 10, 2014
08:07 EDTFNMAFairholme Funds files notice of appeal of Fannie/Freddie court ruling
Fairholme Funds filed a notice of appeal in the U.S. Court of Appeals for the District of Columbia of a ruling by District Court Judge Royce Lamberth that dismissed lawsuits filed by Fairholme and other plaintiffs against the U.S. Government. The lawsuits relate to the Fannie Mae (FNMA) / Freddie Mac (FMCC) Preferred Stock Purchase Agreement and subsequent amendments. Fairholme issued the following statement via its legal counsel, Charles J. Cooper of Cooper & Kirk, PLLC: “Fairholme believes strongly that the Net Worth Sweep – imposed four years after the financial crisis – was not authorized by the Housing and Economic Recovery Act of 2008 and must be unwound. Fairholme also believes strongly that the Federal Housing Finance Agency has contractual and fiduciary duties to the preferred shareholders of Fannie Mae and Freddie Mac, and that these duties can and will be enforced.”
05:57 EDTFNMAAckman added to Fannie, Freddie stakes, NY Post reports
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