Bill Ackman Sues U.S. Government over Fannie, Freddie Gains - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Aug 18, 12:13PM CDT
On Aug 14, Bill Ackman along with three other individual plaintiffs holding common shares in Fannie and Freddie, sued the U.S. government, the Department of Treasury and the FHFA.
2014 Economic Growth Expectations Get Boost from Second Quarter Rebound
PR Newswire - Mon Aug 18, 8:03AM CDT
A broad-based rebound in second quarter economic growth, combined with the upward revision to first quarter economic activity, has provided some lift to 2014 full-year growth expectations, according to Fannie Mae's (OTC Bulletin Board: FNMA) Economic & Strategic Research (ESR) Group. Recent data show that every main component of GDP, with the exception of net exports, contributed positively to growth in the second quarter--a sharp contrast from the first quarter in which consumer spending was the main driver of GDP. Improvements in consumer spending, inventories, and employment support an upward revision in growth expectations to approximately 3.0 percent for the second half of 2014, raising the forecast for all of 2014 by four-tenths to 1.9 percent.
Fannie Mae Prices $950 Million Multifamily DUS REMIC (FNA 2014-M9) Under Its Fannie Mae GeMS(TM) Program
PR Newswire - Fri Aug 15, 2:36PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) priced its eighth Multifamily DUS® REMIC in 2014 totaling $950 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on August 13, 2014.
Bill Ackman Attacks 'Brazen' U.S. Conduct Over Fannie and Freddie
at The Street - Fri Aug 15, 10:20AM CDT
Pershing Square Capital Management and three other common shareholders in Fannie Mae and Freddie Mac unveiled their lawsuit against the U.S. and the two Government Sponsored Enterprises on Thursday.
Why Fannie Mae (FNMA) Stock, Freddie Mac (FMCC) Stock Closed Higher Today
at The Street - Thu Aug 14, 3:58PM CDT
Bill Ackman's Pershing Square Capital Management plans to sue the U.S. over Fannie (FNMA), Freddie (FMCC) mortgage profits.
Fannie Mae Falls on Y/Y Earnings Decline and Soft Housing - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Aug 08, 2:10PM CDT
Shares of Fannie Mae fell 1.5% after it reported second-quarter 2014 net income of $3.7 billion, down 63.7% year over year.
Fannie Mae Reports Net Income of $3.7 Billion and Comprehensive Income of $3.7 Billion for Second Quarter 2014
PR Newswire - Thu Aug 07, 6:29AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) today reported its second quarter 2014 results and filed its quarterly report on Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the second quarter of 2014. The following documents are now available on Fannie Mae's Web site at www.fanniemae.com:
Bank Stock Roundup: Settlement, Restructuring Continues - Citigroup, BofA and JPMorgan in Focus - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Aug 04, 12:35PM CDT
Efforts of major banks to conclude litigation issues pertaining to their past business conduct remained the key trend in the last five trading days. Litigation issues dominated the headlines.
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...