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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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October 20, 2014
15:08 EDTFMCCHousing regulator reveals plan to ease tight credit, NY Times says
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October 19, 2014
16:17 EDTFMCCFannie Mae, Freddie Mac near deal to loosen lending, WSJ says
Fannie Mae (FNMA), Freddie Mac (FMCC) together with mortgage lenders are near to an arrangement that would lower barriers and lending standards on home buyers with weak credit, says the Wall Street Journal. Reference Link
October 17, 2014
12:26 EDTFMCCFannie Mae, Freddie Mac close to deal to boost mortgage lending, WSJ reports
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October 16, 2014
07:03 EDTFMCCThe FDIC to hold a symposium
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October 15, 2014
08:56 EDTSNBCSun Bancorp upgraded at Sterne Agee
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06:43 EDTSNBCSun Bancorp upgraded to Buy from Neutral at Sterne Agee
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October 10, 2014
08:07 EDTFMCCFairholme Funds files notice of appeal of Fannie/Freddie court ruling
Fairholme Funds filed a notice of appeal in the U.S. Court of Appeals for the District of Columbia of a ruling by District Court Judge Royce Lamberth that dismissed lawsuits filed by Fairholme and other plaintiffs against the U.S. Government. The lawsuits relate to the Fannie Mae (FNMA) / Freddie Mac (FMCC) Preferred Stock Purchase Agreement and subsequent amendments. Fairholme issued the following statement via its legal counsel, Charles J. Cooper of Cooper & Kirk, PLLC: “Fairholme believes strongly that the Net Worth Sweep – imposed four years after the financial crisis – was not authorized by the Housing and Economic Recovery Act of 2008 and must be unwound. Fairholme also believes strongly that the Federal Housing Finance Agency has contractual and fiduciary duties to the preferred shareholders of Fannie Mae and Freddie Mac, and that these duties can and will be enforced.”
05:57 EDTFMCCAckman added to Fannie, Freddie stakes, NY Post reports
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