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Freddie Mac

Bank Of America Faces Huge Fine

Reuters | Posted 10.22.2013 | Business

(Reuters) - U.S. housing regulators are looking to fine Bank of America more than $6 billion for its role in misleading mortgage agencies during the h...

JPMorgan Reaches $4 Billion Settlement Over Bad Mortgages

The Huffington Post/Reuters | Posted 10.19.2013 | Business

JPMorgan Chase has reached a tentative deal to pay $4 billion to settle claims it sold bad mortgages to government agencies ahead of the financial cri...

Is the Government Shutdown Roadblocking U.S. Housing Recovery?

Doug Lebda | Posted 12.04.2013 | Business
Doug Lebda

The shutdown will likely affect some borrowers, but will have a minimal impact on housing in the short-term. The key for borrowers will be to ask your lender questions about necessary documentation and anticipated closing timeframes.

Wells Fargo Agrees On Settlement With Freddie Mac

AP | Posted 10.01.2013 | Business

WASHINGTON -- Wells Fargo & Co. has agreed to an $869 million settlement with Freddie Mac over claims on home loans it sold to the government-controll...

Zach Carter

Another Whopping JPMorgan Chase Legal Settlement Under Discussion

HuffingtonPost.com | Zach Carter | Posted 09.26.2013 | Business

WASHINGTON -- Federal and state authorities are discussing an $11 billion settlement with JPMorgan Chase that would resolve numerous allegations of mo...

Citigroup To Pay $395 Million Settlement

Reuters | Posted 11.26.2013 | Business

By Jonathan Stempel Sept 30 (Reuters) - Wells Fargo & Co said on Monday it will pay $780 million in cash to Freddie Mac to resolv...

Why a Better Housing Finance Solution Shouldn't Be the Enemy of the Best Solution

Dr. Stan Humphries | Posted 11.16.2013 | Business
Dr. Stan Humphries

After months of robust home value appreciation, the U.S. housing market recovery is on very solid footing. We can now begin to turn away from housing's ugly recent history and start contemplating its future, specifically the future of housing finance.

Time to Stop Undermining Homeownership

Ralph Nader | Posted 10.16.2013 | Business
Ralph Nader

The post-financial crisis reality is that the dream of owning a home has ended for too many Americans. Looking ahead, it is unfortunate that much of the same flawed thinking that led to the subprime mortgage crisis is now re-occurring.

Disturbing News in the Mortgage Sector

Richard Barrington | Posted 10.12.2013 | Business
Richard Barrington

For homeowners who are struggling to make their payments, one of their first moves should be to consult a refinancing calculator and an amortization schedule.

Obama: Time To Turn The Page On Big Woes

AP | Posted 10.10.2013 | Politics

WASHINGTON — President Barack Obama says the housing market is healing, but it's time to turn the page on the "bubble-and-bust mentality" that l...

FHFA's Ed DeMarco: Kissing the Ass of the Banking Class

Peter Dreier | Posted 10.08.2013 | Politics
Peter Dreier

President Obama has already fired Ed DeMarco, acting director of the Federal Housing Finance Agency (FHFA), but before he leaves DeMarco is handing an early Christmas present to his friends in the banking industry.

Why Closing Down Fannie And Freddie May Be Bad For Homebuyers

AP | ANDREW MIGA | Posted 08.07.2013 | Business

WASHINGTON -- Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled ...

Obama Traveling To Pitch New Proposals

Posted 08.06.2013 | Politics

By JULIE PACE, THE ASSOCIATED PRESS WASHINGTON — President Barack Obama is proposing to overhaul the nation's mortgage finance system, including ...

Shahien Nasiripour

Obama's Housing Plan Would Keep Government Involved In Mortgages

HuffingtonPost.com | Shahien Nasiripour | Posted 08.06.2013 | Politics

WASHINGTON -- The U.S. government may continue to play an outsized role in the nation’s roughly $10 trillion home loan market under a proposal Presi...

My Meeting With the FHFA

Brian Penny | Posted 10.05.2013 | Business
Brian Penny

Three years ago, I would've given anything for someone in the media or government to listen to me. I figured out how the banks were fixing the system ...

Hey Congress: No Vacation Until You Stand Up for Homeowners and Confirm Rep. Mel Watt

Tracy Van Slyke | Posted 09.29.2013 | Politics
Tracy Van Slyke

While Congress takes a vacation in August, tens of millions of homeowners will spend day and night worrying about how to keep their home, pay their mortgage and continue to struggle to make ends meet.

As Americans Struggle to Climb Economic Ladder, Corker-Warner GSE Reform Effort Falls Badly Short

John Taylor | Posted 09.29.2013 | Politics
John Taylor

This is a perilous time for opportunity in America. The housing crisis, which stemmed from a terrible confluence of malfeasant lending, Wall Street ma...

Big Bank Reaches Deal To Settle Sketchy Allegations

Reuters | Posted 09.25.2013 | Business

* UBS paying $415 mln to Fannie Mae; $470 mln to Freddie Mac * Settlement raises concerns over exposure of other banks *...

Is This The Beginning Of The End For Fannie And Freddie?

AP | JIM ABRAMS | Posted 06.26.2013 | Business

WASHINGTON -- A bipartisan group of senators on Tuesday proposed an overhaul to the housing finance system that would gradually eliminate Fannie Mae a...

Tough Fight Over Obama Pick May Be Win-Win For White House

Reuters | Posted 08.20.2013 | Politics

By Margaret Chadbourn WASHINGTON, June 20 (Reuters) - President Barack Obama's pick to oversee mortgage financiers Fannie Mae and Fre...

The Fannie Mae/Freddie Mac Dilemma Won't End Soon

Harlan Green | Posted 08.14.2013 | Business
Harlan Green

The U.S. Treasury is in a bind. Everyone seems to agree that Fannie and Freddie, wards of the government, should be downsized. But how to do it with...

Citi Settles Massive Mortgage Lawsuit

Reuters | Posted 07.28.2013 | Business

* Federal Housing Finance Agency agrees to dismiss lawsuit * Agency will not say how much Citi will pay * Agency still i...

David Sands

Fannie & Freddie Say It Would Be Too 'Awkward' To Meet With Foreclosed Homeowners

HuffingtonPost.com | David Sands | Posted 05.18.2013 | Detroit

Officials from the mortgage financing giants Fannie Mae and Freddie Mac have withdrawn from a Detroit event where homeowners are set to talk about the...

Why FHA Mortgages Are More Stable Than We Think

Peter G. Miller | Posted 07.16.2013 | Politics
Peter G. Miller

For the past year there have been worries that the FHA might require taxpayer money to pay off lender claims for loans gone bad. But now it may be that the economy has turned around and the FHA may well do better than anyone thinks.

Deficit Shrinks Far Faster Than Expected

Reuters | David Lawder and Labib Nasir | Posted 05.12.2014 | Politics

WASHINGTON, May 14 (Reuters) - The U.S. deficit is shrinking considerably more quickly than previously thought, the Congressional Budget Office said...