Watchdog: Mortgage Giants Spending Too Much Defending Former Execs
WASHINGTON -- The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giant...
WASHINGTON -- The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giant...
The Huffington Post | Alexander Eichler | Posted 12.21.2011
It's been a bad month for Fannie Mae and Freddie Mac. The Securities and Exchange Commission announced last week that it was suing half a dozen for...
Posted 11.16.2011
Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), the largest sources of U.S. housing finance, both said on Tuesday they would relieve lenders from ...
Posted 10.31.2011
By Margaret Chadbourn WASHINGTON -- The Obama administration is considering unveiling new plans next week to revive the ailing housing market a...
Bloomberg | Lorraine Woellert | Posted 05.25.2011
Taxpayer aid to Fannie Mae and Freddie Mac will reach $224 billion by the end of 2012, of which $55 billion will be returned in dividends to the U.S. ...
wsj.com | NICK TIMIRAOS | Posted 05.25.2011
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John Taylor | Posted 05.25.2011
Along with other community and housing groups, the National Community Reinvestment Coalition has been pushing the White House and Congress to require ...
Posted 05.25.2011
NEW YORK, Nov 4 (Reuters) - Costs to "resolve" U.S. mortgage finance giants Fannie Mae and Freddie Mac, and capitalize a new entity to replace their r...
James Pethokoukis | Posted 05.25.2011
Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is abou...
AP | ALAN ZIBEL | Posted 05.25.2011
WASHINGTON — The nation's largest banks have an obligation to pay some of the cost for bailing out mortgage buyers Fannie Mae and Freddie Mac be...
AP | ALAN ZIBEL | Posted 05.25.2011
WASHINGTON — The call from business for less government has a notable exception: the mortgage market. The Obama administration invited banking ...
AP | Posted 05.25.2011
NEW YORK — Government-sponsored mortgage purchasers Fannie Mae and Freddie Mac plan to delist their shares from the New York Stock Exchange. The ...
baselinescenario.com | Simon Johnson | Posted 05.25.2011
We agree completely with the administration's approach -- actually, with Elizabeth Warren's approach -- to consumer protection. (We make this clear i...
AP | ALAN ZIBEL | Posted 05.25.2011
WASHINGTON — Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage fi...
Huffington Post | Ryan McCarthy | Posted 05.25.2011
Seventeen months and $110 billion later, the U.S. government's enormous investment in Fannie Mae and Freddie Mac has turned the two firms into semi-pe...
HuffingtonPost.com | Ryan Grim | Posted 05.25.2011
There is no independent auditor overseeing the federal agency responsible for some $6 trillion in home mortgages, because the Department of Justice's ...
Huffington Post | Ryan McCarthy | Posted 05.25.2011
Those who assumed that the recent round of TARP repayments by Citigroup and Wells Fargo signaled an end to the bailout era may want to think again. ...
HuffingtonPost.com | Ryan Grim | Posted 05.25.2011
A bipartisan foursome in the House of Representatives introduced a bill on Wednesday that would require the head of the Federal Housing Finance Agency...
HuffingtonPost.com | Jeff Muskus | Posted 05.25.2011
Taxpayer money shouldn't be used to back some $6 trillion in home mortgages if there is no inspector general keeping watch over those funds, the ranki...
AP | J.W. ELPHINSTONE | Posted 05.25.2011
NEW YORK — The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac. The Treasury Department said Thurs...
Huffington Post Investigative Fund | Ben Protess | Posted 05.25.2011
Facing an array of more immediate financial problems, Treasury Secretary Timothy Geithner has pushed Fannie Mae and Freddie Mac towards the bottom of ...
AP | Alan Zibel, AP Real Estate Writer | Posted 05.25.2011
WASHINGTON (AP) -- Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from th...
washingtonpost.com | Zachary A. Goldfarb and David Cho | Posted 05.25.2011
The Obama administration launched a broad government effort this week to overhaul mortgage giants Fannie Mae and Freddie Mac and is considering splitt...
Washington Post | Zachary A. Goldfarb | Posted 05.25.2011
The first of the Bush administration's major financial takeovers is poised to get more expensive as mounting troubles in the credit and housing market...
AP | MARCY GORDON | Posted 02.22.2012