Congress Government Sponsored Enterprise


  • Business events scheduled for Thursday Wednesday, 3 Feb 2016 | 1:28 PM ET

    WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m. Eastern. WASHINGTON— Labor Department releases fourth-quarter productivity data, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..

  • Ex-Fannie Mae CEO urges U.S. judge to toss SEC fraud case Wednesday, 27 Jan 2016 | 3:59 PM ET

    The SEC sued Mudd, who ran Fannie Mae from 2005 until the seizure, and two colleagues in December 2011, on the same day it filed a similar lawsuit against former Freddie Mac Chief Executive Richard Syron and two of his colleagues. Richard Hong, an SEC lawyer, urged Crotty to let Mudd's case go to trial, saying Mudd knew Fannie Mae was using an overly narrow definition of...

  • WASHINGTON, Dec 15- Mortgage finance companies Fannie Mae and Freddie Mac must by law do more in underserved markets, their federal conservator said on Tuesday, unveiling a proposal that would have them help finance manufactured homes, support affordable housing and strengthen lending in rural areas. Federal statute requires Fannie Mae and Freddie Mac to...

  • MOVES-Deutsche Bank names Pascal Boillat as CIO Tuesday, 15 Dec 2015 | 7:13 AM ET

    Dec 15- Germany's largest lender Deutsche Bank AG named Pascal Boillat as chief information officer and head of operations, corporate& investment banking team. Boillat, who will join Germany's flagship lender from Feb. 1, will report to Kim Hammonds. Boillat will join from Fannie Mae in Washington, where is the head of operations and technology for the U.S....

  • Oct 19- The timeline for a joint mortgage bond program of government-sponsored enterprises Fannie Mae and Freddie Mac is expected to be announced in 2016, the head of the regulator that oversees the two agencies said on Monday. In the program's first stage, or Release 1, the CSP will begin issuing and administering only Freddie Mac's securities.

  • Oct 19- The first stage of a joint mortgage bond program of government-sponsored enterprises Fannie Mae and Freddie Mac is expected to launch in 2016, the head of the regulator that oversees the two agencies said on Monday. In the program's first stage, or Release 1, the CSP will begin issuing and administering Freddie Mac's securities. Right now, Fannie Mae and...

  • US CTO Megan Smith tackles the digital divide Thursday, 15 Oct 2015 | 12:21 PM ET
    U.S. Chief Technology Officer (CTO) Megan Smith.

    The United States' chief technology officer, Megan Smith, took the stage at one of the largest gatherings of women in technology.

  • Extending QE challenges ECB's bond holding limits Wednesday, 30 Sep 2015 | 11:17 AM ET

    *ECB could hit bond limits in Portugal, Finland, Germany. Analysts say this would happen first in Portugal and Finland, followed closely by the most important euro zone member, Germany. If the ECB hits those limits in Germany, it could, in theory, buy other low-risk German assets such as corporate debt or government agency debt.

  • Former Chief Risk Officer Enrico Dallavecchia and former Executive Vice President Thomas Lund will pay $25,000 and $10,000 respectively to settle charges that they helped conceal Fannie Mae's exposure to more than $100 billion of subprime and $341 billion of low-documentation "Alt-A" home loans. Both denied wrongdoing and agreed to cooperate with the SEC...

  • Both denied wrongdoing and agreed to cooperate with the SEC in its case against Mudd, which could increase pressure on him to settle. The SEC said that case could last another year. Monday's settlement means the SEC has been unable to extract major penalties against five of the six former top executives it sued at Fannie Mae and Freddie Mac.

  • NEW YORK, Sept 4- Nomura Holdings Inc and Royal Bank of Scotland Group Plc have agreed to pay up to $33 million on top of $806 million that a U.S. judge ordered them to pay for making false statements in selling mortgage-backed securities. The agreement with the Federal Housing Finance Agency was disclosed in court papers filed on Friday in Manhattan federal court...

  • Aug 24- Royal Bank of Scotland Group Plc has lost a bid to escape a U.S. regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying $32 billion of mortgage-backed securities ahead of the financial crisis. The case against RBS is the biggest and last of 18 lawsuits the FHFA filed in 2011 over about $200 billion in mortgage-backed...

  • WASHINGTON, Aug 19- The regulator for U.S. housing finance giants Fannie Mae and Freddie Mac told the two firms on Wednesday to provide more support to low-income Americans taking out mortgages and refinancing home loans. The rules direct Fannie Mae and Freddie Mac to expand the number of loans they back for low-income families to 24 percent of the their...

  • Best cities for start-ups Friday, 1 May 2015 | 9:30 AM ET
    Best cities for start-ups

    These heartland cities are the best for entrepreneurs.

  • Engineers compete to make salt water drinkable Thursday, 9 Apr 2015 | 12:09 PM ET
    Tanks that hold the water to be filtered through the desalination machines at the Desal Prize test site in Alamogordo, NM.

    Tech competitors have converged on New Mexico to help the developing world——and maybe drought-stricken California.

  • Jack Ma: We don't need 'secret government support' Tuesday, 23 Sep 2014 | 12:12 PM ET
    Jack Ma, founder of Alibaba Group Holding Ltd. at the 2014 CGI annual meeting in New York.

    Jack Ma struck a populist tone at the Clinton Global Initiative on Tuesday, saying Alibaba will continue to focus on small and mid-sized partners.

  • Ackman files another suit against government Saturday, 16 Aug 2014 | 1:06 PM ET
    Bill Ackman

    In the complaint, Pershing Square alleged that Treasury illegally seized tens of billions of dollars in Fannie and Freddie profits.

  • Goldman mortgage deal could reach $1.25B: Source Saturday, 26 Jul 2014 | 1:59 PM ET

    The FHFA filed 18 lawsuits against Goldman and other banks in 2011 over about $200 billion in mortgage-backed securities that later went sour.

  • Sallie Mae settles overcharging claims for $60 mln Wednesday, 14 May 2014 | 9:28 AM ET
    U.S. Department of Justice, Washington, D.C.

    Sallie Mae has reached a $60 million settlement with the government to resolve allegations that it overcharged military service members.

  • Freddie Mac gets (some) money back from Lehman Thursday, 13 Feb 2014 | 12:40 PM ET
    September 15, 2008, the day the 150-year-old Lehman Brothers declared bankruptcy.

    Lehman will pay $767 million in cash to Freddie Mac, settling a dispute over loans it was scheduled to pay the day it declared bankruptcy.