FANNIE MAE

In late August's quiet trading, four troubled financial companies have accounted for a big piece of total volume on the New York Stock Exchange, with all four rallying on little news.

U.S. stocks ended the day barely changed on Monday as investors took a break from a four-day rally that lifted major indexes to 10-month highs.

James Lockhart, who earlier this month said he would resign as the U.S. regulator overseeing mortgage finance companies Fannie Mae and Freddie Mac , will become vice chairman of a distressed investment group at Invesco Ltd , the company said on Wednesday.

Don't blame global stock markets for being skittish. It is August, after all, a month that has spelled trouble in the past two years.

U.S. mortgage rates rose in the latest week as Treasury yields climbed, according to a survey released on Thursday, a move that may dampen home loan demand.

Lehman Brothers Holdings Inc is suing American International Group for $9 million in payments the bank says it is owed from credit default swap protection it bought from the insurer on companies including General Motors and Washington Mutual.

Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $3.0 billion in bills at lower interest rates, compared with sale of the same maturities than a week ago.

Huron Consulting Group Inc , whose shares plunged in the wake of an accounting scandal, said it is being investigated by the U.S. Securities and Exchange Commission for acquisition-related payments and will delay filing its latest quarterly report.

Freddie Mac, the second largest provider of U.S. home mortgage funding, on Friday posted its first quarterly profit in two years as gains from hedges and a one-time accounting change offset still-lofty credit losses.

Fannie Mae, the largest provider of U.S. home mortgage funding, on Thursday reported a $14.8 billion quarterly net loss that it said would force it to go to the U.S. Treasury trough a third time for money to stay in business.

U.S. officials are considering a plan to isolate failing assets held by Fannie Mae and Freddie Mac, The Washington Post reported on Wednesday, while an administration official said such an idea was in the early stages of development.

The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.

James Lockhart, the U.S. regulator who nationalized Fannie Mae and Freddie Mac, will soon resign after more than three years as overseer for the mortgage finance companies, an administration official said on Wednesday.

The head of the federal agency, James B. Lockhart III, that controls Fannie Mae and Freddie Mac is stepping down.

James Lockhart, the regulator for Fannie Mae and Freddie Mac, will soon step down after more than three years as overseer for the mortgage finance companies, an administration official said.

Freddie Mac (FRE.P)(FRE.N), the second-largest U.S. home funding company, said on Friday its mortgage investment portfolio grew by an annualized 9.3 percent rate in June, while delinquencies on loans it guarantees accelerated.

Freddie Mac (FRE.P), the mortgage finance company seized by regulators in September, has chosen Charles

More than 80 percent of the U.S. banks that received federal bailout funds said the money had helped them increase lending or avoid a drop in lending as the recession worsened earlier this year, according to a new survey released on Sunday.

Fortress Investment Group, among the largest private equity and hedge fund firms, is expected to name former Fannie Mae boss Daniel Mudd as its chief executive, the Wall Street Journal reported Friday, citing a person familiar with the matter.

Some of the biggest U.S. investors and two former top securities regulators warned that a tarnished Federal Reserve should not be put in charge of preventing systemic risk in the financial system, a central plank of the administration's response to the credit crisis.

The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.