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  • 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...

  • NEW YORK, March 10- While millennials have a lot to learn about managing money, a new survey shows a rosy picture of college students who are working, paying their bills on time without their parents' help, avoiding debt and hungry for more knowledge. The survey released on Thursday by Sallie Mae on how U.S. college students manage their finances found that 77 percent...

  • Crotty said the SEC had also put forward evidence from which a jury could conclude Mudd knew or should have known that public statements he made about Fannie Mae's exposure to risky loans, as well as the company's disclosures, were false or misleading. An SEC spokeswoman declined to comment on Tuesday. The SEC sued Mudd, who ran Fannie Mae from 2005 until the...

  • 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...

  • 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....

  • 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.

  • Best cities for start-ups

    These heartland cities are the best for entrepreneurs.

  • 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, 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.

  • Bill Ackman

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

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

  • 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.

  • 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.

  • Scholarships and grants have trumped parental contributions as the No. 1 source of paying for college for the first time in four years, according to a new report.