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Shares 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...

Federal National Mortgage Assctn Fnne Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) shares are bouncing off of their session lows on Monday but remain down about 7 percent following a huge surge last week. The stocks spiked more than 50 percent following comments from Donald...

Traders appear to be taking profits on the massive 50 percent-plus rally in Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) this week following comments by President-elect Donald Trump’s new Treasury Secretary appointee. On Wednesday,...

Federal Mational Mortgage Assctn Fnni Me (OTCMKTS: FNMA) and Federal Home Loan Mortgage Corp (OTCMKTS: FMCC) were both trading higher by more than 40 percent on Wednesday after President-elect Donald Trump’s recently-appointed Treasure Secretary Steven Mnuchin said the administration will...

Shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) are both up about 50 percent in the past two days following comments from Donald Trump’s recently-appointed Treasury Secretary Steven Mnuchin. On Wednesday, Mnuchin confirmed his...

In a new report, Rafferty Capital Markets analyst Dick Bove discussed what he sees as an imminent threat in the U.S. mortgage market. According to Bove, a downturn in the U.S. economy could set in play a chain of events that could lead to disaster in the mortgage market. Since the United States...

The cover story in this weekend's Barron's offers a look at the prospects for YouTube. This issue also includes Barron's 15th annual forecasting challenge, and why investors should prepare for a great power struggle between the United States and China. The prospects for short-selling funds, solar...

Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares are down 70 percent in the past three months as allegations of accounting fraud continue to swirl. Many companies involved in accounting fraud eventually end up bankrupt. However, some companies find ways to weather the storm in the long run....

Government Sponsored Entity (GSE) Fannie Mae (Federal National Mortgage Assctn Fnni Me (OTC: FNMA)) announced this week that its next dividend payment to the U.S. Treasury will total $1.8 billion. Although the payment will be the smallest quarterly dividend that the company has paid the...

Government-backed mortgage giant Freddie Mac (OTC: FMCC) recently announced that it will be selling $410 million of deeply delinquent mortgage loans in a continued effort to clean up its balance sheet. The Federal Housing Finance Agency (FHFA) is pressing Freddie Mac and cousin Fannie Mae (OTC...

This week, 15- and 30-year mortgage rates slipped to their lowest levels since mid-2013, according to Freddie Mac. Mortgage rates have moved lower for three consecutive weeks, corresponding to lower Treasury yields. Rates on 15-year fixed mortgages average 2.98 percent, down from 3.05 percent...

The selloff in stocks has erased all of the gains on Wall Street this year as the S&P 500 Index dipped into the red for 2014.  In just a few short weeks, sellers have taken control of the momentum in equities and significantly altered the tone of the markets.  As a result of...