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Trump Seeks To End Conservatorship Of Fannie And Freddie In Housing Finance System Overhaul
Wednesday, March 27, 2019 - 3:11pm | 626The White House announced on Wednesday that, after years of waiting, Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) will finally be free of their government conservatorship. What Happened President Trump is expected to sign a memorandum initiating...
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Dick Bove: Calabria Will 'Probably Seek Little' For Fannie And Freddie Common Shareholders
Tuesday, February 19, 2019 - 12:04pm | 716Government-sponsored enterprises Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) have sprung back to life in 2019, with both stocks up more than 139 percent year-to-date. After years of disappointment for investors, one prominent voice on Wall...
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Fannie And Freddie Investors Find A Silver Lining Amid Claim Dismissals
Tuesday, October 2, 2018 - 2:33pm | 548Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) investors received more bad news last week when U.S. District Judge Royce Lamberth dismissed the majority of the claims against Fannie Mae and Freddie Mac in a shareholder lawsuit against the two...
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Why Fannie And Freddie Have A Path To Survival
Thursday, December 7, 2017 - 1:06pm | 436While most U.S. companies are hoping for an earnings boost from tax reform, Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) are simply hoping to survive. According to one analyst, reports on a newly-drafted Senate housing finance reform bill are...
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Why The US Doesn't Need Fannie Mae And Freddie Mac
Tuesday, August 1, 2017 - 10:38am | 645Shareholders arguing for the preservation of Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) say the U.S. housing market needs Fannie Mae and Freddie Mac’s services and their roles as government-backed aggregators. However, in a recent story...
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Fannie Mae Posts 'Solid' Q1, Should Continue To Be Profitable
Monday, May 8, 2017 - 10:32am | 364Federal National Mortgage Association (OTC: FNMA) reported net income of $2.77 billion in Q1, falling a bit short of Wall Street expectations. However, the government sponsored entity and its cousin Federal Home Loan Mortgage Corp (OTC: FMCC) delivered yet another quarter of profits, fueling...
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Mortgage-Backed Securities And What They Mean For The Market
Monday, January 30, 2017 - 8:24am | 460Federal Mational Mortgage Assctn Fnni Me (OTC: FNMA) on Friday reported that the government-sponsored enterprise (GSE) issued $14.4 billion of multifamily mortgage-backed securities (MBS) in Q4 of 2016. That number brings Fannie Mae's total for the year to $55 billion of total multifamily MBS...
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Why Fannie Mae And Freddie Mac's Common Shares Are Lottery Ticket Trades
Friday, December 2, 2016 - 11:14am | 636Shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) are up more than 30 percent each over the past two days following commentary from President-elect Donald Trump’s Treasury Secretary nominee Steven Mnuchin. Mnuchin said the...
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How Sallie Mae Went Private, And How Fannie Mae And Freddie Mac Could Do The Same
Thursday, December 1, 2016 - 12:10pm | 393Shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) are both up about 50 percent in the past two days following comments from Donald Trump’s recently-appointed Treasury Secretary Steven Mnuchin. On Wednesday, Mnuchin confirmed his...