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Stock Market & Financial Investment News

News Breaks
February 28, 2014
07:37 EDTSCGLY, FMCC, FNMASociete 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
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May 26, 2015
16:56 EDTFMCCFreddie Mac auctioned over a thousand deeply delinquent loans
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May 22, 2015
09:57 EDTSCGLYOn The Fly: Analyst Downgrade Summary
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05:30 EDTSCGLYSociete Generale downgraded to Underperform from Hold at Jefferies
Jefferies downgraded Societe Generale to Underperform saying the bank's capital position is "worst in class."
May 17, 2015
17:06 EDTFMCC, FNMANomura, RBS ordered to pay $806M to Fannie, Freddie, Reuters says
U.S. District Judge Denise Cote has ordered Nomura (NMR) and RBS (RBS) to pay a total of $806M for allegedly misleading Fannie Mae (FNMA) and Freddie Mac (FMCC), Reuters reported Friday, citing court proceedings and a person familiar with the matter. Reuters notes that Fannie is set to receive $26.6M from the ruling, while Freddie will receive $779.4M. Reference Link
May 14, 2015
09:31 EDTFNMAJPMorgan to buy $45B in mortgage servicing rights from Ocwen
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