BofA Fined $1.3B for 'Hustle' Fraud, May Appeal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jul 31, 4:35PM CDT
Litigation, settlements and investigations pertaining to BofA's (BAC) past business conducts continue to make headlines. This time the news is about the settlement related to the sale of risky RMBS for which the bank would pay $1.27 billion.
Fannie Mae Releases June 2014 Monthly Summary
PR Newswire - Thu Jul 31, 3:01PM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) June 2014 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.
July 31 Premarket Briefing: 10 Things You Should Know
at The Street - Thu Jul 31, 6:27AM CDT
U.S. stock futures were gloomy Thursday, as Argentina's bonds crashed into a default and another massive earnings day got underway.
Blonde Go-Getter Fined $1 Million in Bank of America Fraud Case
at The Street - Wed Jul 30, 5:44PM CDT
Rebecca Mairone, a mid-level Countrywide executive in a hurry in 2007 and 2008, will pay the government $1 million and face a public shaming that may be difficult to overcome.
Goldman Sachs (GS) to Reach MBS Settlement with FHFA - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Jul 28, 6:00PM CDT
Goldman Sachs (GS) has been attempting mediation with the Federal Housing Finance Agency (FHFA), per a Wall Street Journal report.
How Will Goldman Sachs (GS) Stock Be Affected By A FHFA Mortgage Settlement?
at The Street - Mon Jul 28, 7:05AM CDT
Goldman Sachs (GS) is in talks to settle a Federal Housing Finance Agency claim the bank sold faulty mortgage-backed securities to Fannie Mae (FNMA) and Freddie Mac (FMCC).
Regions Bank (RF) Joins Fannie Mae (FNMA) DUS Lenders Network - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Jul 25, 4:15PM CDT
Regions Financial Corporation's (RF) core banking subsidiary, Regions Bank, now stands listed among the 24 Fannie Mae Delegated Underwriting and Servicing ('DUS'
Freddie Mac Stock: Why Warren Buffett Sold His Shares
Patrick Morris, The Motley Fool - Motley Fool - Fri Jul 25, 1:11PM CDT
Warren Buffett and President Barack Obama. Think you've heard everything about Fannie Mae and Freddie Mac ? Wait until you here why Warren Buffett unloaded the Berkshire Hathaway stake that was once worth nearly $4 billion. The...
Housing Data and Builders' Earnings Stink so There's No Real Recovery Yet
at The Street - Thu Jul 24, 12:00PM CDT
The crucial home building sector remains mired in torpor. But jobs data gets better and better. The reason is credit.
Fannie Mae Releases New Mortgage Lender Sentiment Survey Results
PR Newswire - Thu Jul 24, 8:00AM CDT
Fannie Mae today released the inaugural results of its quarterly Mortgage Lender Sentiment Survey. This new industry research initiative tracks insights into current lending activities and market expectations among senior mortgage executives at Fannie Mae's lending institution partners.
Economic Growth Expected to Strengthen During Second Half of 2014, But Not Enough to Save the Year
PR Newswire - Wed Jul 23, 8:00AM CDT
Economic growth during the second half of 2014 likely won't be strong enough to offset the weak activity from the first two quarters of the year, according to Fannie Mae's (OTC Bulletin Board: FNMA) Economic & Strategic Research (ESR) Group. The economy experienced the worst performance in five years during the first quarter of 2014, due in large part to a significant downward revision in healthcare spending, and incoming data suggest only a moderate pickup in growth for the second quarter - likely resulting in an essentially flat first half of the year. In the third and fourth quarters, economic activity is expected to accelerate, driven largely by consumer spending and, to a lesser degree, business capital investment and residential investment. Additionally, government spending is expected to contribute to growth for the first time in five years while inventory investment and net exports are expected to subtract from growth this year. On balance, the ESR Group has revised their full-year 2014 GDP forecast to real growth of approximately 1.5 percent, down from 2.1 percent in the prior forecast.
A Purchase of Fannie Mae and Freddie Mac's Common Stock is Speculation, Not Investing
Kingkarn Amjaroen, The Motley Fool - Motley Fool - Mon Jul 21, 8:44AM CDT
Source: Company Fannie Mae and Freddie Mac shareholders continue to face massive uncertainty with respect to the underlying values of the common stocks of these two companies. Buying the common stock of the two government-sponsored...
Will The New Bill To End Fannie Mae And Freddie Mac Be Good News For Investors?
Matthew Frankel, The Motley Fool - Motley Fool - Thu Jul 17, 10:07AM CDT
There have been several efforts to get rid of Fannie Mae and Freddie Mac in Congress, but shareholders of the two companies weren't too worried because none of the proposals so far ever had a strong chance of passing. However, a new bill by...
OTC Trading News Ahead of the Open: Fannie Mae, Natural Health Trends Corp, WindStream Technologies, Inc. Electronic Cigarettes International, Green Cures and Botanical Distribution
PR Newswire Europe - Thu Jul 17, 7:03AM CDT
LONDON, July 17, 2014 /PRNewswire/ --
Homebuilder Confidence Bounces Back; Here's Why Real Estate Stocks Will Too
at The Street - Wed Jul 16, 12:36PM CDT
Home building stocks have lagged the improving economic data this year. But as it becomes more clear that the recovery is real, they'll heat up.
Fannie Mae Prices $1.14 Billion Multifamily DUS REMIC (FNA 2014-M8) Under Its Fannie Mae GeMS(TM) Program
PR Newswire - Wed Jul 16, 8:58AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) priced its seventh Multifamily DUS® REMIC in 2014 totaling $1.14 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on July 11, 2014.
Social Security: How It Affects Your Mortgage
Patrick Morris, The Motley Fool - Motley Fool - Sun Jul 13, 8:45AM CDT
Social Security is an invaluable benefit to millions of Americans. And what it means for those looking for a mortgage may surprise you. The common myth For years, mortgage giants Fannie Mae and Freddie Mac have allowed Social Security to...
Why Genworth Financial (GNW) Stock Sank Today
at The Street - Fri Jul 11, 3:04PM CDT
Genworth Financial (GNW) stock closed down following the Federal Housing Finance Agency proposed new regulations that would require higher capital standards for mortgage insurers.
Why MGIC Investment Corp. Stock Was Decimated Today
Alex Planes, The Motley Fool - Motley Fool - Fri Jul 11, 2:27PM CDT
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares of MGIC Investment have dropped more than...