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Stock Market & Financial Investment News

News Breaks
July 10, 2014
17:08 EDTFMCC, MTG, FNMA, RDNMortgage insurers trading lower after FHFA proposes tighter capital rules
The Federal Housing Finance Agency, or FHFA, is seeking input on draft requirements that would apply to private mortgage insurance companies that insure mortgage loans owned or guaranteed by Fannie Mae (FNMA) and Freddie Mac (FMCC). These requirements would apply only to private mortgage insurers that are currently approved to do business with Fannie Mae or Freddie Mac and those seeking approval in the future. MGIC Investment (MTG) is down 5.3% in after-hours trading and Radian Group (RDN) is down 3.78% in after-hours trading. Reference Link
News For MTG;RDN;FNMA;FMCC From The Last 14 Days
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May 5, 2015
08:19 EDTFMCCFreddie Mac reports Q1 net income $524M vs. $227M in Q4
Freddie Mac reported Q1 net income of $524M, compared to $227M for the fourth quarter of 2014. The company reported Q1 comprehensive income of $746M, compared to $251M for the fourth quarter of 2014. Net interest income was $3.6B. Guarantee fees accounted for approximately 40% of the company’s net interest income in Q1. Derivative losses were $2.4B, of which $1.8B was related to fair value changes. Single-family serious delinquency rate was 1.73%, compared to 2.2% at March 31, 2014. Multifamily delinquency rate was 0.03%.
May 1, 2015
13:10 EDTMTGMGIC names Stephen Mackey Chief Risk Officer
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April 30, 2015
18:26 EDTFMCC, FNMAFannie, Freddie pursue sale of $1.18B MSR portfolios, HousingWire says
Two Fannie Mae (FNMA) and Freddie Mac (FMCC) mortgage servicing rights portfolios carrying $1.18B in loans have been put up for sale, reports HousingWire, citing MountainView Servicing Group. The report notes that bids are due May 4 and May 7. Reference Link
07:21 EDTRDNRadian Group reports Q1 adjusted EPS 35c, consensus 31c
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April 24, 2015
10:22 EDTMTGOptions with decreasing implied volatility
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