FREDDIE MAC

Continuing bonuses paid to employees at Fannie Mae and Freddie Mac are offensive since taxpayers are helping keep the mortgage-finance companies afloat, a leading Senate Republican said on Friday.

Ongoing bonuses paid to employees at Fannie Mae and Freddie Mac are offensive since taxpayers are helping keep the mortgage-finance companies afloat, a leading Senate Republican said on Friday.

The regulator of U.S. government-controlled Fannie Mae and Freddie Mac is looking at ways the two firms might help finance small mortgage banks hobbled by a dearth of credit, the Wall Street Journal reported.

Warren Buffett's Berkshire Hathaway was stripped of its 'AAA' credit rating by Fitch, barely hours after S&P cut General Electric Co's top-tier rating, as the global financial crisis pummels America's corporate titans.

SINGAPORE - Warren Buffett's Berkshire Hathaway was stripped of its 'AAA' credit rating, barely hours after General Electric Co lost its top-tier rating, as the global financial crisis pummels America's corporate titans.

Warren Buffett's Berkshire Hathaway was stripped of its 'AAA' credit rating, barely hours after General Electric Co lost its top-tier rating, as the global financial crisis pummels America's corporate titans.

U.S. billionaire Warren Buffett suffered another setback in the global financial crisis on Friday when ratings agency Fitch cut the top rating on his insurance and investment company, Berkshire Hathaway .

Freddie Mac, one of the two main U.S. mortgage companies that the U.S. government is depending on to help stabilize the housing market, said on Wednesday it needs $30.8 billion from the Treasury to survive after a massive fourth-quarter loss.

Freddie Mac, a top mortgage finance company the U.S. government is depending on to help stabilize the housing market, said on Wednesday it needs $30.8 billion from the Treasury to survive after a massive fourth-quarter loss.

Freddie Mac on Monday said Chief Executive Officer David Moffett is quitting just six months after being named to the post as the government forced the No. 2 mortgage finance company into conservatorship.

The telephones have been ringing off the hook at U.S. mortgage lenders since President Barack Obama pledged $275 billion on Wednesday to help stem a wave of home foreclosures.

U.S. President Barack Obama pledged up to $275 billion on Wednesday to help stem a wave of home foreclosures, part of a broad effort to lift the country out of recession. Up to 9 million families would be given the chance to refinance their mortgages under the plan, administration officials said. He unveiled the plan in Arizona, a state hard hit by home foreclosures. Obama, who a day earlier sig...

Freddie Mac, the No. 2 U.S. home funding company, on Wednesday sold a record $10 billion three-year reference notes, the largest single new issue since the government-sponsored enterprises started global note programs over a decade ago.

President Barack Obama unveiled his much-anticipated plan on Wednesday to fight the U.S. housing crisis, pledging up to $275 billion to help stem a wave of foreclosures sweeping the country.

Selected members of the Federal Reserve end a key two-day meeting Wednesday and will issue a policy statement this afternoon where may announce additional steps to combat the economic crisis beyond cutting already low interest rates.

The Obama administration pledged on Thursday to back beleaguered mortgage finance giants Fannie Mae and Freddie Mac no matter how big their losses may be in the next three years.

Financial shares fell on Tuesday, triggered by renewed concerns about the economy.

U.S. stocks shifted higher on Tuesday, reversing earlier losses and pushing the Standard & Poor's 500 Index to a four-month high, after Fannie Mae calmed investors about its financial situation and oil companies rallied on record crude prices.

Fannie Mae, the largest U.S. mortgage finance company, revealed additional troubles from the U.S. housing downturn as it lost $2.2 billion in the first three months of the year. The Washington-based firm also said it would cut its dividend to investors and raise $6 billion by selling stock.

Former Fannie Mae CEO and two other former executives will pay $31 million under a settlement announced Friday to resolve claims they manipulated earnings to boost their own bonuses.Franklin Raines...

Freddie Mac has agreed to make 90-day commitments to several large banks on the pricing of conforming jumbo loans, according to a report.The government-sponsored home loan lender will offer the d...