The regulator of housing giants Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan for the two government-controlled firms, stepping into a void left by congressional inaction.
U.S. 30-year fixed-rate mortgage rates remained at a record low of 3.87 percent for the third consecutive week ended Feb. 16, Freddie Mac said.
Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the economic recovery.
The massive $26 billion mortgage settlement between states and banks is designed to help millions of American homeowners -- but not everyone is eligible.
As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.
California and New York may join a settlement between states and major lenders over foreclosure fraud, potentially boosting the banks' aid to homeowners to $25 billion from $19 billion.
Mit Romney has been dogged from the early days of his campaign about his ability to connect to the Tea Party voters who were instrumental in reshaping the political landscape in 2010, but in the Florida primary he captured a large portion of the Tea Party vote. Experts say his success owes partially to a broad shift towards Tea Party philosophies.
U.S. 30-year fixed-rate mortgage rates dropped to another record low of 3.87 percent in the week ending Feb. 2, down from 3.98 percent in the previous week, according to Freddie Mac.
President Barack Obama called on Wednesday for an expanded homeowner refinance program that would lift restrictions for more borrowers, representing another government effort to aid the ailing housing market.
On Monday, NPR and ProPublica published a report revealing that Freddie Mac, the government-owned mortgage giant, had purchased $3.4 billion in mortgage securities that became more profitable if homeowners were unable to refinance at lower rates.for homeowners to pay off their mortgages. It's the latest public blow to a firm that has been blamed for its role in the housing crisis, even as it continues to deal with the fallout of the toxic mortgages that it continues to hold
Top Republican lawmakers on Sunday said they expect to forge a deal with Democrats to extend the payroll tax cut before it expires at the end of February but offered no specifics on how they would pay for it.
Top Republican lawmakers on Sunday said they expect to forge a deal with Democrats to extend the payroll tax cut before it expires at the end of February but offered no specifics on how they would pay for it.
The U.S. administration on Friday expanded its main foreclosure-prevention program and pushed to open it to those with loans backed by mortgage giants Fannie Mae and Freddie Mac, a move that could meet resistance from their regulator, the Federal Housing Finance Agency.
The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday.
Mitt Romney, Ron Paul, Newt Gingrich and Rick Santorum tackled a broad range of foreign, domestic and social issues during last night's debate, from immigration law and foreign policy to Romney's link to Obamacare and whose wife would make the best first lady. Relive the highlights of the CNN Florida Republican debate, and get a rundown of the top quotes and biggest arguments of the night.
Mitt Romney, Ron Paul, New Gingrich and Rick Santorum showed no mercy during last night's GOP debate, tackling issues ranging from immigration law and foreign intervention in Latin America to Gingrich's ties to Freddie Mac and Romney's links to Obamacare. Get the candidate's top quotes from last night's CNN debate here.
Mitt Romney, Newt Gingrich, Ron Paul and Rick Santorum faced off last night in the final GOP debate in Florida before the Jan. 31 primary. Here, find out what statements from the primary debate were true and which got the facts wrong, from Santorum on Latin America to Mitt Romney's involvement in Freddie Mac.
The Republican presidential candidates are gathered in Jacksonville, Fla., tonight for their last debate before the Florida primary on Tuesday. The International Business Times will be live-blogging throughout the evening.
President Barack Obama's proposal to allow millions of homeowners to reduce mortgage payments is the latest in a series of federal efforts to aid the housing market, but it faces a number of obstacles.
Are Newt Gingrich and Mitt Romney the same? Vice President Joe Biden thinks so, and a side-by-side comparison of their positions shows more similarities than differences.
Pressure from financial institutions and Treasury officials undermined an effort to limit executive pay at seven companies rescued with taxpayer money, a new government audit showed on Tuesday.
The regulator for Fannie Mae and Freddie Mac told lawmakers that forcing the government-controlled mortgage firms to write down the principal on underwater home loans would require more than $100 billion in fresh taxpayer funds.
