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
US stocks open lower after recent gains ?
U.S. stocks opened modestly lower on Monday as investors awaited the release of President Obama's budget.
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.
Obama launches housing overhaul plan, long road ahead
The Obama administration nailed a 'condemned' sign on the wrecked U.S. housing finance system on Friday but did not offer a clear blueprint for a rebuilding project that promises to take years.
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.
Looking ahead: Will Washington do real work in 2011?
Predictions are, by their nature, uncertain. Politics is, as history teaches, full of surprises. So predictions about politics have to be taken with a good amount of salt.
US weekly mortgage demand continues to decline
The U.S. home loan demand fell sharply in the week ended Dec.17, posting a decline for fourth straight weeks as the mortgage rates hit a six-month high.
How the Fed destroys the American Living Standard
Ben Bernanke and his friends on the Federal Reserve have a PR machine to help sell their lies. Let's assess whether Ben and his Federal Reserve have helped or hurt the average American.
Obama's foreclosure prevention program could miss target, says report
The foreclosure prevention program of the Obama’s administration is expected to aid far fewer homeowners than initially targeted, according to a report released on Tuesday.
Pending home sales rise in Oct against expectations
Pending home sales in the U.S. rose in October, contrary to expectations of a drop, according to a report by the National Association of Realtors.
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.
Waters demands hearing
U.S. Rep. Maxine Waters, D-CA, is saying “Try me or tell me why not.”
US weekly mortgage demand plunges as rates rise
U.S. home loan demand fell sharply in the last week, as fixed mortgage rates rose from near all-time lows.
Economic suicide is easier than painful solutions
The suicide concoction of fiat currency, debt, military empire, and delusion has been painless for those in power, but painful for the working middle class of this country.