The regulator for Fannie Mae and Freddie Mac said on Tuesday it might make sense for the mortgage finance companies to write down mortgage loan principal under an Obama administration plan but that further study was needed.
Freddie Mac , the No. 2 U.S. home funding company, said on Monday it sold $2 billion of reference bills at higher rates and weaker demand compared with the last week's sale of similar maturities.
The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely defaulting to obtain relief.
The Federal Reserve's balance sheet shrank in the latest week, Fed data released on Thursday showed.
U.S. 30-year fixed-rate mortgages declined slightly to 3.98 percent in the week ending April 5 as recent economic indicators were mixed, mortgage finance giant Freddie Mac said Thursday.
The United States is far behind on reforming the country's housing finance system, where the government's mortgage buyers Fannie Mae and Freddie Mac provide funding for the bulk of U.S. home loans, Treasury Secretary Timothy Geithner said on Wednesday.
The federal regulator of Fannie Mae and Freddie Mac is arguing that principal reductions for home loans would benefit the banks that hold secondary debt while weakening the mortgage giants' finances.
Mortgage giants Fannie Mae and Freddie Mac are being pushed to reduce borrowers' mortgage balances in order to shield U.S. banks from taking losses on distressed housing debt, the companies' regulator said in a Financial Times interview published on Sunday. If you do principal forgiveness, who is it benefiting? ... Doing principal forgiveness is what would prote...
Analysis by the two government-backed lenders, which have cost taxpayers over $150 billion since their 2008 bailout, shows loan forgiveness would keep hundreds of thousands of Americans in their homes while saving money.
A federal watchdog faulted Fannie Mae and Freddie Mac, the mortgage finance companies propped up with taxpayer funds, for questionable spending on a mortgage industry conference last year, in a report released on Thursday.
At the height of the boom, commercial banks and investors gorged themselves on real estate, building unsustainable towers of debt that finally collapsed in 2008. But with the housing market improving, they may soon return for second helpings.
Some big investors have shown interest in buying foreclosed properties being sold in bulk by Fannie Mae , the largest U.S. home funding source, the Wall Street Journal said citing people familiar with the process.
The regulator for Fannie Mae and Freddie Mac , responding to political pressure, on Friday slashed salaries for the chief executives of the two firms and ruled out bonuses for many top executives.
A new compensation plan for housing-giants Fannie Mae and Freddie Mac announced on Friday by their government regulator will eliminate executive bonuses and target CEO pay at $500,000.
Freddie Mac requested $146 million from the U.S. Treasury in order help make interest payments on government loans used to keep the mortgage buyer afloat, the company said Friday.
U.S. 15-year fixed-rate mortgage declined to a new record low of 3.13 percent in the week ending March 8, according to Freddie Mac.
The practice of banks forcing expensive homeowners insurance on borrowers could come to an end after Fannie Mae told lenders it would seek to oversee such policies itself.
The controversial practice of banks forcing expensive homeowners insurance on borrowers could come to an end after Fannie Mae told lenders it would seek to oversee such policies itself.
A U.S. Justice Department inquiry into the packaging and sale of home loans by the biggest U.S. banks casts a wide net and appears to significantly overlap with other enforcement efforts, according to people who have viewed subpoenas sent to the firms.
Like scorned lovers, Bank of America (NYSE:BAC) and Fannie Mae, the government-controlled mortgage giant, are having a very public falling out.
BlackRock Chairman and CEO Laurence Fink said on Wednesday he still believes U.S. equities are attractive even with their solid rise so far this year.
Fannie Mae , the biggest source of money for U.S. home loans, said on Wednesday it would seek $4.6 billion in additional federal aid after reporting a fourth-quarter loss.
