Freddie mac

Freddie Mac exec facing possible SEC charges

A top Freddie Mac executive received notice the government may file charges against him for allegedly violating securities laws in the years leading up to the housing bust, according to a regulatory filing released on Thursday.

Fannie defends legal aid for former execs

The head of Fannie Mae and his firm's government overseer on Tuesday defended the use of millions of taxpayer dollars to pay legal bills for former executives accused of fraud.

Fannie, regulator defend legal aid for former execs

The head of Fannie Mae and his firm's government overseer on Tuesday defended the use of millions of taxpayer dollars to pay legal bills for former executives accused of fraud. Michael Williams, Fannie Mae's chief executive and Edward DeMarco, director of the Federal Housing Finance Agency, each told a U.S. House of Representatives panel that not paying for the legal aid would be counterproductive

Wall Street set for mixed open

Futures on major U.S. stock indices point to a mixed opening on Monday, after indices recorded a second straight week of gains on Friday.

Stock rally on Mubarak resignation

Stocks rallied after Hosni Mubarak resigned as president of Egypt and the Obama administration announced plans to dissolve Fannie Mae and Freddie Mac

Recessions since Great Depression

A recession is the decline of a nation's gross domestic product (GDP) over two or more consecutive quarters. It is also referred to as a period of economic decline and reduced economic activity. During recessions, many macroeconomic indicators vary in a similar way. GDP, employment, investment spending, capacity utilization, household incomes; business profits and inflation all fall, while bankruptcies and the unemployment rate rise. Here is a list of recessions that occurred since the Great ...

Housing prices to hit bottom this spring: economist

U.S. housing prices overall are expected to hit bottom by spring 2011 and begin a gradual rise in 2012, Frank Nothaft, chief economist and vice president of housing lender Freddie Mac said on Wednesday.

House Republicans wield the power of committees

To the victor go the spoils. The GOP retook the House of Representatives in the November elections and, on Wednesday, they will officially take control, with each House member – all 242 Republicans and 193 Democrats -- taking the oath of office and Rep. John Boehner, R-OH, being sworn in as Speaker.

US stocks rally in early trade

US stocks advanced in early trade on Monday, the first trading day of 2011, on speculation that the economic recovery will continue after stocks ended with double digit gains in the previous year.

Senator says mortgage crisis risk remains

Sen. Jim Bunning, R-KY expressed anger Wednesday that the potential for another mortgage crisis remains, despite efforts to deal with the mortgage crisis over the past decade.

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