All Posts Tagged With: "FMCC"
(GS) The Goldman Sachs Group Analyst Raises Shares to Neutral
We have upgraded our recommendation on The Goldman Sachs Group Inc. (GS) to Neutral from Underperform based on the company’s cost reduction initiatives and broader outlook for client activity.
In...
(GS) The Goldman Sachs Group Ends Litton Sale
Last week, The Goldman Sachs Group Inc. (GS) completed the sale of Litton Loan Servicing to Ocwen Financial Corp. (OCN) for $264.0 million,...
(GS) Goldman Sachs Group Again Entangled in Lawsuit
Yesterday, The Goldman Sachs Group Inc. (GS) was sued by The Allstate Corporation (ALL), the largest publicly traded U.S. home and auto insurer....
(FMCC) U.S. Banks Stock Outlook – Aug. 2011 – Industry Outlook
Whatever be the impending economic state, U.S. banks — the lifeblood of the economy — are actively responding to every legal and regulatory pressure. In fact, this prompt responsiveness has positioned the banks well to encounter upcoming challenges.
Along...
(GS) The Goldman Sachs Group Sued by National Credit Union Administration
On Tuesday,The Goldman Sachs Group Inc. (GS) was sued by National Credit Union Administration (NCUA), the U.S. regulator of credit unions. The complaint lodged claims that Goldman violated federal and state...
(SHW) U.S. Used Home Sales – Prices Fall
In May, Existing Home Sales ran at a seasonally adjusted annual rate of 4.81 million. That pace is 3.1% lower than in April, and 15.3% below the year-ago rate. The year-ago numbers were somewhat inflated due to the end of the homebuyer tax credit. The April sales rate was...
(RMBS) Two Harbors Investment Corporation – Hefty 2011 Dividends?
According to Bedford Report that provides in-depth analysis and business research on equities, Two Harbors Investment Corp. (TWO) – a real estate investment trust (REIT) that primarily invests in residential...
(BAC) Fannie Mae Spurs Foreclosure Sales
Observing a downswing in foreclosed property sales, Fannie Mae (FNMA) is trying to lure buyers with attractive incentives. Fannie Mae started providing incentives to foreclosed home buyers in 2010, but it...
(GS) Goldman May Sell Litton to Ocwen
Financial Times reported that The Goldman Sachs Group Inc. (GS) is planning to close down the sale of its mortgage-servicing subsidiary, Litton Loan Servicing to Ocwen Financial...
(GS) The Goldman Sachs Group Sells Litton to Ocwen
On Monday, The Goldman Sachs Group Inc. (GS) announced the sale of its mortgage-servicing subsidiary, Litton Loan Servicing to Ocwen Financial Corp. (
9Jun2011 | vitalstocks | 0 comments | Continued(MCO) Who Gains from Jumbo Mortgage?
According to a report published in TheStreet on Tuesday, Moody’s Investors Service, a wing of Moody’s Corp. (MCO), has said that many U.S. banks, which produce jumbo mortgage loans and have the...
(STI) U.S. Banks Industry Outlook – May 2011 – Industry Outlook
A major recovery in the asset markets, improving balance sheets and declining credit costs promise growth for the U.S. banking sector. Yet, the outlook for the industry remains in question due to several negatives, including asset-quality troubles, the continuation of both...
(BAC) Will Cash for Keys Fix Foreclosure?
An immediate “cash for keys” solution to the foreclosure mess is probably knocking at the door. Mortgage servicers have long been striving to reach a single broad settlement for critical deficiencies related to the foreclosure process, but this is yet to materialize due...
(HCBK) Hudson City Bancorp Completes Restructuring
Yesterday,Hudson City Bancorp Inc. (HCBK) announced the completion of its balance sheet restructuring. The restructuring condensed higher-cost structured borrowings, which are expected to increase net interest...
(AGNC) American Capital Agency Announces Secondary Offering
American Capital Agency Corp. (AGNC), a leading real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), has recently...
(AGNC) American Capital Agency Corporation Announces Secondary Offeringg
American Capital Agency Corp. (AGNC), a leading real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), has recently...
(MCO) Are Housing Prices Nearing Bottom – Is 2011 The Right Time to Buy a House?
Is 2011 a good year to buy a house if the pocket permits? Declining home prices and a low interest rate environment suggest that the time is just perfect. Also, many of economists expect housing prices to bottom in 2011.
So, if buyers have a secure job and the confidence...
(FMCC) U.S. Banks Stock Update – January 2011 – Industry Outlook
Although a major recovery in the asset markets has been witnessed in recent quarters, the outlook for the U.S. banking industry remains in question due to several negatives, including asset-quality troubles, the continuation of both residential and commercial real estate loan...
(BAC) Bank of America Settles Loan Repurchase Line
On Monday, Bank of America Corporation (BAC) agreed to pay $2.62 billion to Freddie Mac (FMCC) and Federal National Mortgage Association...
(BAC) Bank of America Announces Focus on Direct Lending
Bank of America Corporation (BAC) announced this week that it plans to concentrate on direct lending to its customers and will stop using first mortgage wholesale channel (independent brokers) to offer loans....
(FMCC) Fannie Mae and Freddie Mac Reports Losses in Billions
According to a report published by Federal Housing Finance Agency (“FHFA”) on Thursday, government-backed mortgage finance giants Fannie Mae (FNMA) and Freddie Mac (
29Aug2010 | vitalstocks | 0 comments | Continued(MS) U.S. Banks Stock Update – August 2010 – Industry Outlook
Although a major recovery in the asset markets has been witnessed in recent quarters, the outlook for the U.S. banking industry remains in question due to several negatives Incorporatedluding asset-quality troubles, the continuation of both residential and commercial real...
(FMCC) Four Banks May Face $42 Billion Mortgage Repurchase Loss
The four largest U.S. banks may incur losses of up to $42 billion if housing finance giants Fannie Mae (FNMA) and Freddie Mac (FMCC) force...
(FMCC) Freddie Mac Loss Narrows
Freddie Mac’s (FMCC) second quarter 2010 net loss came in at $1.85 per share, substantially lower than the prior quarter loss of $2.45. However, this compares unfavorably with a net loss of 26 cents per...