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Stock Market & Financial Investment News

News Breaks
February 21, 2014
07:48 EDTFNMAFannie Mae reports Q4 EPS (25c), may not compare to one estimate 60c
Reports Q4 revenue $6.99B, one estimate $5.27B. Reports Q4 net income $6.5B. Reports Q4 NII $4.85B.
News For FNMA From The Last 14 Days
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April 17, 2015
16:40 EDTFNMAEssent 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.”
April 7, 2015
07:21 EDTFNMAThe 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 EDTFNMABrookings Institute to hold a discussion
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