Congress Government Sponsored Enterprise

  • WASHINGTON— Long-term U.S. mortgage rates slipped this week to the lowest level since mid-July. Mortgage giant Freddie Mac says the average for a 30- year fixed-rate mortgage dropped to 3.42 percent, down from 3.48 percent last week. To calculate average mortgage rates, Freddie Mac surveys lenders across the country at the beginning of each week.

  • WASHINGTON— Long-term U.S. mortgage rates edged lower this week. Mortgage giant Freddie Mac said Thursday the average for the 30- year fixed-rate mortgage declined to 3.48 percent from 3.50 percent last week. The benchmark rate is down from 3.86 percent a year ago, and is close to its all-time low of 3.31 percent in November 2012.

  • WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— National Association of Realtors releases existing home sales for August, 10 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..

  • NEW YORK, Aug 25- The regulator of Fannie Mae and Freddie Mac unveiled on Thursday a program aimed at homeowners who are paying their mortgages on time but whose loan-to-value ratios are too high to qualify for traditional refinance programs. To be eligible for this program, which Fannie and Freddie will implement, borrowers must have not missed any mortgage...

  • The deal with the SEC, detailed in papers filed in Manhattan federal court, resolves a 2011 lawsuit accusing Mudd of misleading investors about Fannie's exposure to risky mortgages before the crisis. Mudd was one of six executives at mortgage funding giants Fannie Mae and Freddie Mac sued by the SEC. The SEC did not immediately respond to calls for comment.

  • The relatively small settlement, disclosed in papers filed in federal court in Manhattan, resolves a 2011 lawsuit by the SEC accusing Mudd of misleading investors about Fannie Mae's exposure to risky mortgages before the crisis. Mudd was the last of six executives at mortgage funding giants Fannie Mae and Freddie Mac sued by the SEC in 2011 to reach a...

  • The relatively small settlement, disclosed in papers filed in federal court in Manhattan, resolves a 2011 lawsuit by the SEC accusing Mudd of misleading investors about Fannie Mae's exposure to risky mortgages before the crisis. Mudd was the last of six executives at mortgage funding giants Fannie Mae and Freddie Mac sued by the SEC in 2011 to reach a...

  • FORMER FANNIE MAE CEO DANIEL MUDD SETTLES LAWSUIT BY U.S.

  • A lab researcher at the Gingko Bioworks lab in Boston.

    Ginkgo Bioworks is working to create a new type of vaccine with funding from the U.S. DOD.

  • July 20- A federal appeals court on Wednesday revived Ohio's lawsuit accusing Freddie Mac of defrauding the state's $87.3 billion public pension fund by hiding its exposure to subprime and other risky mortgages prior to the 2007-09 financial crisis. The 6th U.S. Circuit Court of Appeals said a lower court judge erred in finding that the Ohio Public Employees...

  • NEW YORK, June 28- There is some good news for American parents terrified about the rising costs of college outstripping inflation and their investments: the average amount families spent on college actually went down last year. In the "How America Pays for College 2016," a report from student lender Sallie Mae released on Tuesday, the average American family...

  • WASHINGTON, June 16- U.S. taxpayers may be paying too much for construction of the new headquarters of Fannie Mae, the housing finance company now in government hands, an independent government watchdog warned on Thursday. The new Fannie Mae building in downtown Washington has seen its per-square-foot costs increase by more than 50 percent in about eighteen...

  • According to the SEC, the executives said loans in good standing were delinquent and pulled them from residential mortgage-backed securities guaranteed by the government corporation Ginnie Mae. That caused Ginnie Mae, which stands for the Government National Mortgage Association, to publish false and misleading prospectuses, the SEC said.

  • May 2- Bank of America Corp reached a $190 million settlement with a federal home loan bank over four mortgage-related complaints, according to a securities filing on Monday. The bank had accrued "substantially all" of the settlement amount previously, Bank of America said in a filing with the U.S. Securities and Exchange Commission. The litigation was started by...

  • May 2- Bank of America settled four mortgage-related complaints brought against it by the Federal Home Loan Bank of Seattle, Bank of America disclosed in its quarterly earnings filing on Monday with the Securities and Exchange Commission. "Substantially all" of the $190 million settlement was previously accrued, the bank stated in its filing.

  • WASHINGTON, April 14- The regulator of Fannie Mae and Freddie Mac said on Thursday it would allow the government-controlled mortgage finance companies to cut loan balances for thousands of U.S. borrowers who owe more than their homes are worth. The Federal Housing Finance Agency said the principal reduction program would be a one-time offering for seriously...

  • WASHINGTON, April 14- The regulator of government-controlled mortgage finance companies Fannie Mae and Freddie Mac said on Thursday it would allow the two to cut loans balances for thousands of U.S. borrowers who owe more than their home is worth. The Federal Housing Finance Agency said the principal reduction program would be a one-time offering for...

  • WASHINGTON, April 14- The regulator of government-controlled mortgage finance firms Fannie Mae and Freddie Mac said on Thursday it would allow the two firms to cut loans balances for some U.S. borrowers who owe more than their home is worth. The Federal Housing Finance Agency said the principal reduction program would be a one-time offering for seriously...

  • WASHINGTON, April 8- New York's attorney general urged the Federal Housing Finance Agency on Friday to quickly adopt a plan to reduce principal mortgages for U.S. homeowners at risk of foreclosure. In a letter sent to FHFA Director Mel Watt, New York Attorney General Eric Schneiderman said nearly 60,000 homeowners in New York were delinquent on mortgages...

  • NEW YORK, April 7- Until last week, high school senior Alex Gomez was missing a key piece in his puzzle-like plan to pay college tuition next year to the University of Colorado. The 18- year-old from Ruidoso, New Mexico had already lined up family savings, financial aid, work study and loans, and then won a $7,500 scholarship from student-loan lender Sallie Mae for...