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Stock Market & Financial Investment News

News Breaks
December 17, 2012
15:27 EDTSNBC, FMCCSun Bancorp names Albert J. Celini Chief Risk Officer
Sun National Bank has named Albert J. Celini executive VP and Chief Risk Officer. Celini will oversee the credit, operational and market risk management of the bank and work closely with Sun's legal and compliance teams to manage and mitigate regulatory risk. Prior to joining Sun, Celini was VP, Regulatory Advisory & Strategy at Freddie Mac (FMCC) in McLean, VA.
News For SNBC;FMCC From The Last 14 Days
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August 20, 2014
09:03 EDTFMCCSpread 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 EDTFMCCAckman sues government over Fannie, Freddie, Reuters reports
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August 11, 2014
17:19 EDTSNBCSun Bancorp announces effectiveness of 1 for 5 reverse stock split
Sun Bancorp announced the effectiveness of its 1 for 5 reverse stock split of the company's common stock, which became effective today for shareholders of record as of August 8. The company's common stock began trading on the NASDAQ Global Select Market on a split-adjusted basis at market open today.
August 7, 2014
08:22 EDTFMCCFreddie Mac repeats recent earnings not sustainable over long term
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08:21 EDTFMCCFreddie Mac reports Q2 net income $1.4B vs. $4.0B in Q1
Reports Q2 comprehensive income $1.9B, compared to $4.5B in Q1. Q2 financial results were primarily driven by credit cycle recovery items, including lower income from legal settlements on private-label securities of $0.4B versus $4.5B in Q1 and a shift to credit provision income of $0.6B from credit provision expense of $0.1B in Q1. Delinquency rates remained below industry benchmarks, with a single-family serious delinquency rate of 2.07% compared to 2.79% at June 30, 2013 and a multifamily delinquency rate of 0.02% in Q2.

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