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Freddie Mac

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Officials from the mortgage financing giants Fannie Mae and Freddie Mac have withdrawn from a Detroit event where homeowners are set to talk about the...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

Saving Fannie and Freddie -- Part II

Harlan Green | Posted 07.11.2013 | Business
Harlan Green

The FHFA just announced that it will no longer allow Fannie and Freddie to purchase or guarantee so-called "non-qualified" mortgages with more than 30 years amortization or that have interest only payments, among other restrictions.

Obama Urges Congress To Back Another Pick

Reuters | Posted 07.11.2013 | Politics

WASHINGTON, May 11 (Reuters) - President Barack Obama urged lawmakers on Saturday to back his nominee to oversee mortgage financiers Fannie Mae and ...

Federal Deficit Shrinking Faster Than Expected

The Wall Street Journal | Posted 07.10.2013 | Politics

Rising government revenue from tax collections and bailout paybacks are shrinking the federal deficit faster than expected, delaying the point when th...

FHFA Offers New Simplified Loan Modification

Anna Cuevas | Posted 07.06.2013 | Business
Anna Cuevas

Making it easier for homeowners to reduce their monthly mortgage payment and keep their homes is always favorable; however, providing homeowners with an incentive to fall behind on their payments could be an unfavorable strategy for both taxpayers and homeowners.

America's Half-Forgotten Housing Crisis

David Coates | Posted 07.06.2013 | Politics
David Coates

On the housing front, the good news is that the president wants Mel Watt to head the FHFA. The really bad news is that the problems in the U.S. housing system are currently so entrenched that, even if he is confirmed, Mel Watt will be hard-pressed to resolve them.

Shahien Nasiripour

Obama Pick Gets Some Republican Support | Shahien Nasiripour | Posted 05.02.2013 | Business

BOSTON -- The White House, long bedeviled by shortcomings in its housing programs, received two boosts Wednesday when its pick to lead a key housing a...

Shahien Nasiripour

Obama To Nominate Longtime Congressman For Key Job | Shahien Nasiripour | Posted 05.02.2013 | Business

BOSTON -- President Barack Obama will nominate Mel Watt, a longtime Democratic congressman from North Carolina, to oversee government-controlled mortg...

What Is the True Cost of Government-Backed Credit?

Deborah Lucas | Posted 06.22.2013 | Politics
Deborah Lucas

The government has a first-order effect on the allocation of capital and risk in the economy. And the question of what those commitments cost the public is important.

Saving Fannie Mae and Freddie Mac

Harlan Green | Posted 06.10.2013 | Business
Harlan Green

Their argument has been that Fannie and Freddie are taking business away from private banking. They have claimed that the "implicit" government guarantee against default of the GSEs has given them a profit edge. But without Fannie and Freddie, there would be no viable housing market.

This Company's Record Profits Might Make You Sick

AP | MARCY GORDON | Posted 06.02.2013 | Business

WASHINGTON — Home prices are up. Foreclosures are down. Construction is up. And now comes the latest sign of the U.S. home market's revival: Fan...

Ben Hallman

Guess Who's Not Enforcing Consumer Protection Laws | Ben Hallman | Posted 03.26.2013 | Business

Fannie Mae, Freddie Mac and the federal agency that oversees them all are failing in their responsibility to protect homeowners from abusive bank prac...

Ben Hallman

Shocking New Failure Allows Mortgage Abuses To Keep Happening | Ben Hallman | Posted 03.21.2013 | Business

NEW YORK -- For more than five years, many homeowners who complained about mortgage industry foreclosure abuses have wondered whether anyone with a fi...

'Dump DeMarco' Housing Protestors Interrupt (and Get Evicted From) House Hearing

Tracy Van Slyke | Posted 05.20.2013 | Politics
Tracy Van Slyke

Ed DeMarco's continued ideological opposition to principal reduction -- also known as resetting mortgages to fair market value -- has made him widely known one of the biggest obstacles to our country's economic progress.

Freddie Mac Sues Banks Over Libor Losses

Reuters | Posted 03.19.2013 | Business

NEW YORK (Reuters) - Mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark ...

Freddie Mac Sues Banks For Libor Losses

Bloomberg | Tom Schoenberg & Andrew Zajac | Posted 03.19.2013 | Business

Freddie Mac sued Bank of America Corp. (BAC), UBS AG, JPMorgan Chase & Co. (JPM) and at least 12 other banks over alleged manipulation of the London i...

Controversial Regulator Tells Congress To Stop Helping Mortgage Market

Reuters | Posted 05.19.2013 | Business

WASHINGTON, March 19 (Reuters) - The regulator of housing finance giants Fannie Mae and Freddie Mac told lawmakers they need to red...

Ben Hallman

Housing Director's Actions 'Inexplicable' | Ben Hallman | Posted 03.18.2013 | Business

Massachusetts Attorney General Martha Coakley has run out of patience with the nation's top housing official. On Monday, after more than a year sp...

For Earl Favre, Hurricane Katrina Was Bad, But Freddie Mac May Be Worse

Home Defenders League | Posted 03.18.2013 | Business
Home Defenders League

For the next several weeks, HuffPost will be cross-posting "Foreclosure Horror Stories" from the Home Defenders League's "100 Stories Of What Wall Str...

Eleazar David Melendez

Obama Urged To Replace DeMarco, Help Underwater Borrowers | Eleazar David Melendez | Posted 02.07.2013 | Business

Members of the House of Representatives urged Obama Thursday to appoint a permanent leader of the Federal Housing Finance Agency (FHFA) who will suppo...

Shame on You, Goldman Sachs. Now Here's Your Bonus

Robert Scheer | Posted 04.02.2013 | Business
Robert Scheer

In the end, it doesn't matter whether these folks are Democrats or Republicans, nor whether they are operating at the highest levels of government or banking -- they take care of their own.

GE To Settle Claims It Misled Government Agency

Reuters | Posted 03.25.2013 | Business

NEW YORK, Jan 23 (Reuters) - General Electric Co has agreed to settle a federal agency's lawsuit accusing it of misleading Freddie Mac into buying $...