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>> FANNIE MAE Latest News

FEB 03, 2016 - Forbes

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Bruce Berkowitz Shows 3 New Stock Positions In Q4

Bruce Berkowitz (Trades, Portfolio) released his fourth-quarter letter and portfolio update Wednesday, reporting he purchased three new stocks. Berkowitz’s Fairholme Fund (Trades, Portfolio) fell 11.5% during 2015, versus a 1.38% gain for the S&P 500 Index, as some of the top names in his concentrated portfolio – St. Joe (NYSE:JOE), Sears (NASDAQ:SHLD) and Fannie Mae (FNMAS) – struggled. The investor’s forays into companies trading at ...

Tags: Bruce Berkowitz Shows 3 New Stock Positions In Q4,  Fannie Mae Latest News

JAN 27, 2016 - St. Louis Post-Dispatch

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Ex-Fannie Mae boss's lawyer: SEC lacks civil fraud evidence

NEW YORK (AP) — A lawyer for a former Fannie Mae top executive says his client didn't mislead investors about the mortgage giant's exposure to sub-prime mortgages and should not face a New York trial.

Tags: Ex-Fannie Mae boss's lawyer: SEC lacks civil fraud evidence,  Fannie Mae Latest News

JAN 27, 2016 - Seattle Times

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Ex-Fannie Mae boss’s lawyer: SEC lacks civil fraud evidence

NEW YORK (AP) — A lawyer for a former Fannie Mae top executive says his client didn’t mislead investors about the mortgage giant’s exposure to sub-prime mortgages and should not face a New York trial. Attorney John Keker asked a federal judge Wednesday to dismiss civil fraud charges brought four years ago against ex-Fannie Mae […]

Tags: Ex-Fannie Mae boss’s lawyer: SEC lacks civil fraud evidence,  Fannie Mae Latest News

JAN 27, 2016 - Reuters

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Ex-Fannie Mae CEO urges U.S. judge to toss SEC fraud case

NEW YORK (Reuters) - Daniel Mudd, the last holdout among former top Fannie Mae and Freddie Mac executives accused of concealing risky mortgages that fueled the financial crisis, told a judge on Wednesday a U.S. regulator's lawsuit seeking to hold him responsible should be thrown out.

Tags: Ex-Fannie Mae CEO urges U.S. judge to toss SEC fraud case,  Fannie Mae Latest News

JAN 26, 2016 - Zero Hedge

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3% Downpayment FHA Loans Surge As Subprime Buyers Are Back In The Housing Market

Submitted by Mike Krieger via Liberty Blitzkrieg blog, Americans across the country have been priced out of the U.S. housing market since the “recovery” began due to a combination of factors; stagnant wages, private equity purchases and money laundering foreigners. As such, many potential first time buyers have been sidelined despite the availability of meager 3% downpayment loans from the FHA ...

Tags: 3% Downpayment FHA Loans Surge As Subprime Buyers Are Back In The Housing Market,  Fannie Mae Latest News