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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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C-Suite Shakeups Could Change The Course Of Fannie And Freddie's Conservatorship
Friday, October 12, 2018 - 3:29pm | 435Love him or hate him, Treasury Secretary Steven Mnuchin may be the best and last hope for Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) investors. Mnuchin’s ability to assemble a “dream team” of cooperators as heads of Fannie Mae...
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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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Senate To Release Housing Finance Reform Outline: Here's What It Means For Fannie Mae And Freddie Mac Shareholders
Monday, January 29, 2018 - 2:44pm | 434The U.S. stock market is off to a hot start to 2018, but Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) are headed in the other direction, each down roughly 20 percent on the month. For better or for worse, Fannie Mae and Freddie Mac should get a...
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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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Steven Mnuchin May Now Be Fannie Mae And Freddie Mac Investors' Last Hope
Tuesday, February 21, 2017 - 1:51pm | 505Federal Home Loan Mortgage Corp (OTC: FMCC) and Federal National Mortgage Assctn Fnni Me (OTC: FNMA) shares are each down more than 22 percent on Tuesday after an appeals court upheld a ruling that hedge funds may not sue to challenge the legality of two government-sponsored enterprises (GSEs) net...
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Taxpayers Have Now Made A $63 Billion Profit From Fannie Mae, Freddie Mac Bailouts
Tuesday, December 6, 2016 - 2:50pm | 343Shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) have been all over the map in the past week following comments from newly-appointed Treasury Secretary Steven Mnuchin. When asked about Fannie Mae and Freddie Mac, Mnuchin said the Trump...
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The Technicians Playbook: Fannie Mae And Freddie Mac Just Broke Out Of A Pattern 4 Years In The Making
Sunday, December 4, 2016 - 3:38pm | 486This week, shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) spiked more than 50 percent following comments by President-elect Donald Trump’s newly-appointed Treasury Secretary Steven Mnuchin. On CNBC Wednesday, Mnuchin confirmed...
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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...