Key Developments: Federal National Mortgage Association (FNMAG.OB)

FNMAG.OB on OTC BB

6.80USD
21 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Federal National Mortgage Association appoints Egbert Perry as chairman effective March 31 - Form 8-K
Tuesday, 25 Feb 2014 12:07pm EST 

Federal National Mortgage Association:On Feb. 24, Philip A. Laskawy, chairman of the Board of Fannie Mae, notified the Board that he will retire effective March 31, upon reaching the mandatory retirement age for members of the Board.In its role as Fannie Mae’s conservator, the Federal Housing Finance Agency (FHFA), in consultation with the Board, has appointed Egbert Perry as chairman effective March 31.Egbert Perry has been a Fannie Mae director since December 2008.  Full Article

Federal National Mortgage Association sells $2 bln bills at higher rates - Reuters
Wednesday, 5 Feb 2014 09:46am EST 

Federal National Mortgage Association:Fannie Mae said it sold $2 bln of benchmark bills at higher interest rates compared with last week's sale of similar maturities - Reuters.Fannie Mae said it sold $1 bln of three-month bills due May. 07 at a 0.077 pct stop-out rate, or lowest accepted rate, up from the 0.060 pct rate for $250 mln of three-month bills sold on Jan. 29.The company also sold of $1 bln of six-month bill due on Aug. 06 at a 0.100 pct stake, also up from the 0.089 pct rate for $250 mln of six-months bills sold last week.The three-month bills were priced at 99.981 with a money market yield of 0.077 pct.The six-month bills were priced at 99.949 with a money market yield of 0.100 pct.  Full Article

Federal National Mortgage Association to sell $2 bln in bills on wednesday - Reuters
Wednesday, 5 Feb 2014 08:00am EST 

Federal National Mortgage Association:Fannie Mae said on wednesday it plans to sell $2 bln of benchmark bills on wednesday - Reuters.The sale consists of $1 bln of three-month bills, due May. 7 and $1 billion of six-month bills, due Aug. 6.  Full Article

Morgan Stanley to pay $1.25 bln to resolve mortgage lawsuit regulator for Federal National Mortgage Association and Federal Home Loan Mortgage Corp-Reuters
Tuesday, 4 Feb 2014 04:56pm EST 

Morgan Stanley:Would pay $1.25 billion to the U.S. regulator for Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corp (Freddie Mac) to settle a lawsuit over mortgage-backed securities-Reuters.  Full Article

Federal National Mortgage Association to sell $500 mln in bills-Reuters
Wednesday, 29 Jan 2014 08:18am EST 

Federal National Mortgage Association:Says it plans to sell $500 million of benchmark bills on Wednesday-Reuters.The sale consists of $250 million of three-month bills, due Apr. 30 and $250 million of six-month bills, due July 30.Settlement is Jan. 29-30.  Full Article

Federal National Mortgage Association to sell $500 mln in bills-Reuters
Wednesday, 22 Jan 2014 08:08am EST 

Federal National Mortgage Association:Plans to sell $500 million of benchmark bills on Wednesday-Reuters.The sale consists of $250 million of three-month bills, due Apr. 23 and $250 million of six-month bills, due July 23.Settlement is Jan. 22-23.  Full Article

Federal Home Loan Mortgage Corp in conjunction with Fannie Mae enters into settlement with Deutsche Bank
Friday, 20 Dec 2013 09:30am EST 

Federal Home Loan Mortgage Corp:Says in conjunction with Fannie Mae and FHFA, has entered into an agreement with Deutsche Bank Securities, Inc. and certain affiliated entities.Says in order to settle claims related to investments by Freddie Mac and Fannie Mae in certain residential non-agency mortgage-related securities.Says the agreement will settle litigation previously initiated by FHFA against Deutsche Bank and also certain repurchase obligations with respect to the loans in these securities.Says Deutsche Bank will make a total payment of $1.925 bln, of which about $1.628 billion is expected to be paid to Freddie Mac and will be reflected in the company's fourth quarter results.  Full Article

Federal National Mortgage Association sells $1.5 bln bills at mixed rates - Reuters
Wednesday, 18 Dec 2013 09:46am EST 

Federal National Mortgage Association:Says it has sold $1.5 bln of benchmark bills at mixed interest rates - Reuters.Says it sold $500 million of three-month bills due Mar 19, 2014 at a 0.088 pct stop-out rate.Says it sold $1 bln of six-month bills due June 18, 2014 at a 0.129 pct rate.  Full Article

Federal National Mortgage Association sells $1.5 billion bills - Reuters
Wednesday, 11 Dec 2013 09:59am EST 

Federal National Mortgage Association:Says it sold $1.5 billion of benchmark bills at higher interest rates compared - Reuters.Says it sold $500 million of three-month bills due Mar. 12, 2014 at a 0.085 percent stop-out rate, or lowest accepted rate, up from the 0.080 percent rate for $500 million of three-month bills sold Dec. 4.Says it sold $1 billion of six-month bills due June 11, 2014 at a 0.130 percent rate.  Full Article

Federal National Mortgage Association sells $1.0 bln bills at mixed rates - Reuters
Wednesday, 4 Dec 2013 09:53am EST 

Federal National Mortgage Association:Says it sold $1.0 billion of benchmark bills at mixed interest rates compared with last week's sale of similar maturities - Reuters.Says it sold $500 million of three-month bills due Mar. 5, 2014 at a 0.080 percent stop-out rate, or lowest accepted rate, down from the 0.091 percent rate for $500 million of three-month bills sold Nov. 27.Says it sold $500 million of six-month bills due June 4, 2014 at a 0.120 percent rate, unchanged from the 0.120 percent rate for $500 million of six-month bills sold a week ago.  Full Article

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Fannie Mae, Freddie Mac adjust loan repurchase rules

- Fannie Mae and Freddie Mac said on Thursday they have revised their representation and warranty framework in an attempt to reduce concerns among lenders about the risk on buying back loans sold to the two federal mortgage finance agencies.

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