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Stock Market & Financial Investment News

News Breaks
March 31, 2014
11:00 EDTFNMAAckman increases economic exposure to Fannie Mae to 11.31%
Bill Ackman's Pershing Square Capital confirmed in a regulatory filing that as of March 31 the fund and affiliates beneficially owned an aggregate of 115,569,796 shares of the common stock of Federal National Mortgage Association, or Fannie Mae, representing approximately 9.98% of its outstanding common stock. Pershing also has additional economic exposure to approximately 15,434,715 notional shares of common stock under certain cash-settled total return swaps, bringing total aggregate economic exposure to 131,004,511 shares of common stock, or approximately 11.31% of the outstanding common stock.
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August 20, 2014
09:03 EDTFNMASpread of unrest beyond Ferguson would be positive for GSEs, says Rafferty
Rafferty Capital's Dick Bove indicates that he believes that if the unrest in Ferguson spreads, Congress would increase housing subsidies, benefiting the GSEs, Fannie Mae (FNMA) and Freddie Mac (FMCC).
August 15, 2014
07:44 EDTFNMAAckman sues government over Fannie, Freddie, Reuters reports
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August 7, 2014
07:34 EDTFNMAFannie Mae reports Q2 net income of $3.7B, comprehensive income $3.7B
Reports Q2 revenue $5.29B, one estimate $4.7B; Reports Q2 positive net worth of $6.1B, and expects to pay $3.7B to Treasury in September as a dividend on the senior preferred stock.

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