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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
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July 30, 2014
13:44 EDTFNMABank of America division ordered to pay $1.3B over mortgages, Bloomberg reports
Bank of America's (BAC) Countrywide division has been ordered to pay $1.3B in penalties for defective mortgage loans it sold to Fannie Mae (FNMA) and Freddie Mac (FMCC) during the 2008 financial crisis, Bloomberg reported. The fine is just over half the amount the government had requested, Bloomberg added. Reference Link
July 27, 2014
16:14 EDTFNMAGoldman close to settling FHFA suit on faulty mortgage claims, Bloomberg says
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10:45 EDTFNMAFannie, Freddie prefered, common holders could still be wiped out, Barron's says
Fannie Mae (FNMA) and Freddie Mac's (FMCC) preferred and common shareholders could still get wiped out despite recent gains, Barron's argues in a follow up article. Reference Link
July 17, 2014
18:41 EDTFNMAFannie Mae increases yields on risk-sharing debt issue, WSJ reports
Fannie Mae increased yields on its biggest issue of debt that offsets its risks of guaranteeing mortgages, The Wall Stree Journal reports. Reference Link
07:13 EDTFNMAWatchdog says Fannie, Freddie making riskier agreements, Reuters says
The Federal Housing Finance Agency Office of Inspector General said in a report that Fannie Mae (FNMA) and Freddie Mac (FMCC) are engaging in riskier agreements as they increasingly buy mortgages from smaller lenders, according to Reuters, citing comments from the watchdog. Reference Link

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