Bank Stock Roundup: Litigation & Restructuring Continue; Citi, BofA, Wells Fargo in Focus - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Sep 26, 11:24AM CDT
Efforts by major banks to conclude litigation issues pertaining to their past business conduct remained the key trend in the last five trading days. Litigations and probes dominated the headlines.
Fixed Mortgage Rates Ease Slightly
Marketwire - Thu Sep 25, 9:00AM CDT
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS(R)), showing average fixed mortgage rates easing slightly from the previous week amid mixed housing data.
Is It Finally Time to Buy Fannie Mae and Freddie Mac?
Matthew Frankel, The Motley Fool - Motley Fool - Thu Sep 25, 8:05AM CDT
Since July, shares of Fannie Mae and Freddie Mac have lost nearly a third of their value. Source: Wikipedia . Has anything changed fundamentally? Do activist investors feel less confident now about the legal battles eventually being...
High-Yield Stocks for Dividend Investing: ARMOUR Residential REIT, Inc.
Matthew Frankel, The Motley Fool - Motley Fool - Wed Sep 24, 12:51PM CDT
ARMOUR Residential REIT is a real estate investment trust that buys mortgages and mortgage-backed securities. It also currently pays a nearly 15% dividend. Now, many investors are naturally skeptical of stocks with such high payouts, but there is...
Housing Markets Struggle to Keep Stable Momentum
Marketwire - Wed Sep 24, 9:01AM CDT
Freddie Mac (OTCQB: FMCC) today released its newly updated Multi-Indicator Market Index(R) (MiMi(R)) showing the U.S. housing market struggling to keep stable momentum as housing prices continue to moderate and purchase applications fall. The slight decline in the national MiMi value this month appears to be broad-based, and not concentrated in a handful of state or metro markets.
Freddie Mac Prices Eleventh Multifamily Securities Offering This Year, K-716
Marketwire - Mon Sep 22, 1:00PM CDT
Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates ("K Certificates"
BofA Plea against $1.27B Penalty Shunned by US Government - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 22, 10:30AM CDT
Bank of America (BAC), the second-largest bank in the U.S., continues to hog the limelight, thanks to several litigations and legal issues that it has trapped itself in.
Wells Fargo (WFC) Continues to Boost Mortgage Business - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 18, 5:00PM CDT
Wells Fargo & Company (WFC) has taken yet another step to drive up mortgage originations.
Mortgage Rates Move Higher
Marketwire - Thu Sep 18, 9:01AM CDT
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS(R)), showing average fixed mortgage rates making their biggest one-week gain so far this year and bringing them to their highest level since the week ending May 1.
Freddie Mac Will Not Issue a Reference Notes(R) Security in September
Marketwire - Thu Sep 18, 7:57AM CDT
Freddie Mac (OTCQB: FMCC) announced today that it will not issue a Reference Notes(R) security in September. The company's 2014 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities.
One Reason Wells Fargo (WFC) Stock Is Up Today
at The Street - Wed Sep 17, 1:42PM CDT
The largest originator of U.S. home loans is easing lending requirements for people buying apartments, the latest in a series of moves by the bank to increase new mortgage lending.
HSBC to Pay $550M to FHFA for Mortgage-Issue Settlement - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 15, 11:00AM CDT
HSBC will pay $550 million to the FHFA to resolve a lawsuit that accused it of selling risky mortgage securities between 2005 and 2007.
Freddie Mac Announces Eleventh Multifamily Securities Offering This Year, K-716
Marketwire - Mon Sep 15, 9:36AM CDT
Freddie Mac (OTCQB: FMCC) today announced a new offering of Structured Pass-Through Certificates ("K Certificates"
Freddie Mac September 2014 U.S. Economic and Housing Market Outlook
Marketwire - Mon Sep 15, 9:06AM CDT
Freddie Mac (OTCQB: FMCC) released today its U.S. Economic and Housing Market Outlook for September, showing that while the single-family building sector is slowly chugging along, the multifamily sector, especially apartment buildings for rent, continue its strong rebound. A video preview, along with the complete September 2014 U.S. Economic and Housing Market Outlook and forecast table, is available here.
5 Things Genworth Financial Inc.'s Management Wants You to Know
Matthew Frankel, The Motley Fool - Motley Fool - Sun Sep 14, 11:08AM CDT
Genworth Financial is the largest provider of long-term-care insurance, or LTC, in the U.S. and is one of the largest mortgage insurance providers in the world, with operations in 25 countries that serve more than 15 million customers. Shares...
Mortgage Rates Continue to Show Little Movement
Marketwire - Thu Sep 11, 9:01AM CDT
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS(R)), showing average fixed mortgage rates showing only slightly upward movement compared to the previous week following the increase in bond yields.
Freddie Mac Prices New STACR HQ2 Credit Risk Sharing Transaction of Higher LTV Loans
Marketwire - Wed Sep 10, 3:14PM CDT
Freddie Mac (OTCQB: FMCC) priced a new Structured Agency Credit Risk (STACR(R)) transaction today totaling $770 million. This STACR Series 2014-HQ2 represents the fifth STACR offering this year where Freddie Mac is transferring a portion of its credit risk on certain groups of loans to private investors. Freddie Mac completed its first HQ Series transaction last month of loans with LTVs of above 80% and up to 95%.
Freddie Mac Prices Tenth Multifamily Securities Offering This Year, K-039
Marketwire - Tue Sep 09, 3:47PM CDT
Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates ("K Certificates"
Goldman Hits New 52-Week High on Lawsuit Dismissal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 04, 10:00AM CDT
Shares of Goldman (GS) scaled a new 52-week high of $182.07 in the first half of the trading session on Sep 3. The stock closed the session at $179.60, reflecting a year-to-date return of 1.5%.
Mortgage Rates Hold Steady
Marketwire - Thu Sep 04, 9:01AM CDT
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS(R)), showing average fixed mortgage rates holding largely steady for the third straight week amid light economic reports.