New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 28, 2014
07:37 EDTFMCC, FNMA, SCGLYSociete Generale paying $122M to settle FHFA mortgage lawsuit, WSJ reports
Societe Generale will pay $122M to settle a lawsuit brought by the Federal Housing Finance Agency that accused the bank of misleading Fannie Mae (FNMA) and Freddie Mac (FMCC) in the purchase of mortgage-backed securities, reports Reuters. Reference Link
News For SCGLY;FNMA;FMCC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 28, 2015
14:17 EDTSCGLYGoldman Sachs, Societe Generale may back P2P money platform, FT reports
Goldman Sachs (GS) and Societe Generale (SCGLY) are discussing plans to financially back Aztec Money, a peer-to-peer financing platform, hoping to diversify the traditional institutional businesses and include the emerging technology, Financial Times reports, citing three people familiar with the enterprise. Reference Link
14:00 EDTFMCC, FNMAU.S. denied motion to stay Fannie Mae, Freddie Mac suits, WSJ reports
A judge in a federal claims court denied the U.S. government’s motion to stay proceedings in lawsuits brought by a group of Wall Street investors over the treatment of Fannie Mae (FNMA) and Freddie Mac (FMCC), according to The Wall Street Journal, citing two people familiar with the decision. The U.S. asked that those suits be put on hold pending the appeal of a decision by a D.C. district court that previously dismissed a similar group of cases, the report noted. Reference Link
07:32 EDTFMCC, FNMARegulator defends Fannie and Freddie 3% downpayment mortgages, LA Times says
Mortgage regulator Melvin Watt stated Fannie Mae (FNMA) and Freddie Mac's (FMCC) new 3% downpayment mortages are just as safe as loans with 10% downpayment, reports the LA Times, citing a hearing by the House Financial Services Committee. Watt, director of the Federal Housing Finance Agency, said the mortgage giants are combining low downpayments with "compensating factors" such as strong credit requirements and private mortgage insurance. Fannie's program began in December and Freddie's begins in March. Reference Link
January 20, 2015
06:12 EDTSCGLYSociete Generale says to split chairman and CEO roles
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use