Earnings roundup: Fannie Mae, NYMagic (AP)

AP – Among the earnings stories for Friday, Feb. 26, from AP Financial News:

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E-Trade getting back on track, analyst says (AP)

AP – E-Trade Financial Corp., which took a black eye from losses on its subprime mortgage holdings, is getting back on track by focusing on its roots as an online brokerage, an analyst said Monday.

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Hanmi brings in financial adviser (AP)

AP – Hanmi Financial said Monday that it has retained Cappello Capital Corp. as a financial adviser while the company pursues strategic alternatives.

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Hanmi brings in financial adviser (AP)

AP – Hanmi Financial said Monday that it has retained Cappello Capital Corp. as a financial adviser while the company pursues strategic alternatives.

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Smart Choices, Dumb Moves (BusinessWeek)

BusinessWeek – Financial planners can advise, books can inform, worksheets can approximate. But they’ll never replace the advice you can get from folks who have ventured before you into that great unknown: retirement. To help you avoid dead ends and pitfalls, we asked retirees to look back over their time outside the working world and talk about their smartest financial moves, biggest surprises, and worst mistakes.

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Government-owned GMAC loses $5 billion in 4Q (AP)

File - In this file photo taken Thursday, April 30, 2009, a GMAC sign is shown at a GM/Chrysler dealership in Oakland, Calif. G Home and auto lender GMAC Financial Services said Thursday, Feb. 4, 2010, it lost $5 billion in the last three months of the year, as losses from its mortgage operations kept the company in the red for another quarter. (AP Photo/Paul Sakuma, file)AP – Home and auto lender GMAC Financial Services said Thursday it lost $5 billion in the last three months of 2009, as losses from its mortgage operations kept the company in the red for another quarter.

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GMAC posts $5 billion Q4 loss (Reuters)

Reuters – GMAC Financial Services, a lender that is majority-owned by the U.S. government after multiple bailouts, said it lost $5 billion in the fourth quarter after writing down bad mortgage assets.

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GMAC expects $5B 4Q loss, selling mortgage assets (AP)

AP – GMAC Financial Services, the consumer lender now majority owned by the government, said Tuesday it expects to report a loss of about $5 billion in the fourth quarter thanks to deep writedowns on underperforming mortgage loans it plans to sell.

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Govt gives GMAC $3.8B in new aid, boosts stake (AP)

File - In this file photo taken Thursday, April 30, 2009, a GMAC sign is shown at a GM/Chrysler dealership in Oakland, Calif. GMAC Financial Services is expected to receive $3.5 billion more in federal aid to further stabilize the automotive lender, The Wall Street Journal reported Tuesday. (AP Photo/Paul Sakuma, file)AP – The government gave GMAC Financial Services another $3.8 billion in cash and took a majority stake in the auto lender, aiming to stabilize the company as it struggles with big losses in its home mortgage unit.

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Treasury to dole out $3.8 billion to GMAC, raise stake (Reuters)

Reuters – The U.S. is injecting another $3.8 billion into GMAC Financial Services to help cover mortgage losses, in a bailout that makes the government the majority owner of the auto and home finance company.

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