News: Federal National Mortgage Association (FNMAG.OB)

FNMAG.OB on OTC BB

18.95USD
1 Aug 2014
Price Change (% chg)

$-0.01 (-0.05%)
Prev Close
$18.96
Open
$19.00
Day's High
$19.00
Day's Low
$18.51
Volume
933
Avg. Vol
15,404
52-wk High
$22.14
52-wk Low
$6.50

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Wed, Jul 30 2014

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Bank of America ordered to pay $1.27 billion for 'Hustle' fraud

NEW YORK - A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp.

Fannie, Freddie making risky deals with small lenders: watchdog

WASHINGTON - U.S. housing finance companies Fannie Mae and Freddie Mac are making riskier deals as they increasingly purchase mortgages from smaller lenders, a federal watchdog said on Thursday.

Fannie, Freddie making risky deals with small lenders -watchdog

WASHINGTON, July 17 - U.S. housing finance companies Fannie Mae and Freddie Mac are making riskier deals as they increasingly purchase mortgages from smaller lenders, a federal watchdog said on Thursday.

Housing nominee urges Congress to shut Fannie Mae, Freddie Mac

WASHINGTON - President Barack Obama's nominee to lead the Department of Housing and Urban Development, Julian Castro, urged lawmakers on Tuesday to move forward with efforts to shutter Fannie Mae and Freddie Mac, saying the current housing finance system is not serving Americans well.

U.S. housing nominee urges Congress to shut Fannie Mae, Freddie Mac

WASHINGTON, June 17 - President Barack Obama's nominee to lead the Department of Housing and Urban Development, Julian Castro, urged lawmakers on Tuesday to move forward with efforts to shutter Fannie Mae and Freddie Mac , saying the current housing finance system is not serving Americans well.

Recapitalizing Fannie, Freddie not viable: Treasury official

WASHINGTON - A senior U.S. Treasury official on Friday rejected calls to recapitalize Fannie Mae and Freddie Mac, saying it would take at least 20 years to make sure they were adequately funded and that in the meantime taxpayers would be on the hook.

UPDATE 2-Recapitalizing Fannie, Freddie not viable -Treasury official

WASHINGTON, June 13 - A senior U.S. Treasury official on Friday rejected calls to recapitalize Fannie Mae and Freddie Mac, saying it would take at least 20 years to make sure they were adequately funded and that in the meantime taxpayers would be on the hook.

Recapitalizing Fannie, Freddie not viable--Treasury official

WASHINGTON, June 13 - A senior U.S. Treasury official on Friday rejected proposals to recapitalize Fannie Mae and Freddie Mac, saying it would take at least 20 years to make sure they were adequately funded and that in the meantime taxpayers would potentially be on the hook.

Icahn bought $51 million in Fannie, Freddie shares - filing

NEW YORK - Activist investor Carl Icahn acquired about $51 million in the common shares of mortgage financiers Fannie Mae and Freddie Mac from mutual fund manager Fairholme Funds Inc in March, a court filing showed on Tuesday.

UPDATE 2-Icahn bought $51 mln in Fannie, Freddie shares - filing

(Adds dollar stake of purchase, stock prices, other details background)

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