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Shares of Fannie Mae and Freddie Mac saw further pressure Wednesday, a day after the two over-the-counter stocks plunged in the wake of a federal appeals court upholding a decision that investors could not sue to overturn the sweep of the mortgage buyers' profits to the U.S. Treasury. Fannie shares were recently down 4% and Freddie Mac was down about 1%.
Morgan Stanley Treasurer Celeste Mellet Brown is leaving after 17 years at the firm to become deputy chief financial officer at Fannie Mae, according to people familiar with the matter.
Investors have pulled more than $16 billion from the Fairholme Fund over the past six years, raising concerns about possible liquidity risks.
Bill Ackman's 1st Quarter Shareholder Letter
Bipartisan Group Of Senators Working On Fannie And Freddie Behind The Scenes
GSE Man Who Can Stop The NWS Suggests He Will
Eric Rosengren, president of the Federal Reserve Bank of Boston, warned about the jobless rate being below the natural full employment estimate of 4.7%.
Freddie Mac Has Paid It Back And Fannie Mae Is On Its Way
Cash Flow Capture: How To Get Something For Nothing
Fannie And Freddie: The Net Worth Sweep And FHFA's Next Big Problem With Delaware Law
Bill Ackman Comments on Fannie Mae and Freddie Mac
Bill Ackman's 2017 Shareholder Letter and Portfolio Commentary
Fannie Mae Posts 'Solid' Q1, Should Continue To Be Profitable
The U.S. Treasury is mulling a plan to remove its $258 billion backstop for the GSE mortgage giants, which could roil the markets.
Freddie Mac's (FMCC) CEO Don Layton on Q1 2017 Results - Earnings Call Transcript
Steve Mnuchin Wants To Reform Fannie And Freddie, But It Might Not Happen Before 2019
Big Fed Dilemma Regarding Fannie And Freddie
Freddie Mac 2017 Q1 - Results - Earnings Call Slides
10-Q: FEDERAL HOME LOAN MORTGAGE CORP
H.R. 1694 Legislation Passes And Can Be A Game Changer For Fannie And Freddie
Fannie And Freddie Have Huge Upside, Says Highly-Regarded Value Investor
Federal Home Loan Mortgage Corp. provides liquidity, stability and affordability to the U.S. housing market primarily by providing credit guarantee for residential mortgages originated by mortgage lenders and investing in mortgage loans and mortgage-related securities. The company conducts business in the U.S. residential mortgage market and the global securities market under the direction of Conservator, FHFA and under regulatory supervision of FHFA, the SEC, HUD and Treasury. It operates its business through following segments: Single-family Guarantee, Investments and Multifamily. The Single-Family Guarantee segment reflects results from the company's single-family credit guarantee activities. In this segment, the company purchases single family mortgage loans originated by its seller/servicers in the primary mortgage market. The Investments segment reflects results from the company's investment, funding and hedging activities. In this segment, the company invests principally in mortgage assets funded by debt issuances and hedged using derivatives. The Multifamily segment reflects results from the company's investments and guarantee activities in multifamily mortgage loans and securities. Its new purchases of multifamily mortgage loans are primarily made for purposes of aggregation and then securitization, which supports the availability of financing for multifamily properties. Federal Home Loan Mortgage was founded on July 24, 1970 and is headquartered in McLean, VA. (See Full Profile)
| Name | Chg % | Market Cap |
|---|---|---|
| World Acceptance Corp. | $694.67M | |
| Federal Agricultural Mortgage Corp. Cl C | $665.62M | |
| SLM Corp. | $4.89B | |
| Fannie Mae | $3.16B |
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