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  • Freddie Mac to hand $746 million to U.S. Treasury Tuesday, 5 May 2015 | 8:30 AM ET

    WASHINGTON, May 5- Government-controlled mortgage finance firm Freddie Mac said on Tuesday it will give the U.S. Treasury just $746 million in the current quarter, its smallest dividend to taxpayers since 2009.. Freddie Mac said its first quarter net income was $524 million, up from $227 million in the fourth quarter.

  • 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.

  • WASHINGTON, April 17- The regulator of Fannie Mae and Freddie Mac has directed the U.S. housing finance firms to tweak their structure for guarantee fees but said the changes would be "revenue neutral," after launching a review to consider whether to alter the program. The Federal Housing Finance Agency said on Friday that Fannie and Freddie will lower guarantee...

  • Fannie, Freddie to lower fees for riskier borrowers Friday, 17 Apr 2015 | 4:15 PM ET

    WASHINGTON, April 17- The regulator of Fannie Mae and Freddie Mac has directed the U.S. housing finance firms to cut mortgage fees for riskier borrowers, the agency said on Friday.

  • NEW YORK, April 14- Former Freddie Mac Chief Executive Officer Richard Syron and two other executives have agreed to settle a lawsuit by the U.S. Securities and Exchange Commission accusing them of misleading investors ahead of the 2008 financial crisis. Like other regulators, the SEC has been criticized for not holding enough top executives liable for...

  • Ex-Freddie Mac executives settle SEC fraud lawsuit Tuesday, 14 Apr 2015 | 1:30 PM ET

    NEW YORK, April 14- Former Freddie Mac Chief Executive Officer Richard Syron and two other one-time executives have reached a settlement in a lawsuit by the U.S. Securities and Exchange Commission accusing them of misleading investors about the company's exposure to risky mortgage loans. The settlement, disclosed in court papers filed in Manhattan federal...

  • NEW YORK, April 9- A lawyer for Nomura Holdings Inc argued on Thursday that a U.S. regulator relied on "voodoo science" to pursue claims that the bank made false statements in selling $2 billion in mortgage-backed securities to Fannie Mae and Freddie Mac. David Tulchin, Nomura's lawyer, urged a Manhattan federal judge to reject the Federal Housing Finance Agency's...

  • 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.

  • His testimony came as the defense sought to show that any losses Fannie Mae and Freddie Mac suffered on the $2 billion in securities at issue were caused not by any false statements the banks made but by the collapse in the housing market. Mudd, who left Fannie Mae in 2008 following its government takeover, told a lawyer for Nomura that macroeconomic factors,...

  • But a U.S. regulator cited the email as evidence that Nomura Holdings Inc and RBS made false statements about mortgage securities they sold to Fannie Mae and Freddie Mac. The FHFA's case is the first to reach trial out of 18 lawsuits the regulator filed in 2011 over some $200 billion in mortgage-backed securities that various banks sold Fannie Mae and Freddie...

  • March 24- Ocwen Financial Corp said it would sell an additional $25 billion of servicing rights on agency loans to a subsidiary of Nationstar Mortgage Holdings Inc, its fourth such deal in two months. The portfolio being sold to Nationstar comprises about 142,000 performing loans owned by government-controlled mortgage finance firms Freddie Mac and Fannie...

  • WASHINGTON, March 18- U.S. housing finance companies Fannie Mae and Freddie Mac could require more bailouts from U.S. taxpayers as risks are rising due to shrinking reserves, an internal watchdog for the firms' regulator said on Wednesday. Taxpayers pumped $116.1 billion into Fannie Mae following the U.S. housing market collapse, while Freddie Mac was propped up...

  • NEW YORK, March 16- A U.S. housing regulator urged a federal judge on Monday to award it $1.1 billion due to false claims made about "crap" mortgages underlying securities sold by Nomura Holdings Inc to Fannie Mae and Freddie Mac ahead of the 2008 financial crisis. At the start of a trial in Manhattan federal court, a lawyer for the Federal Housing Finance Agency said...

  • March 9- Fannie Mae said its Chief Risk Officer John Nichols was taking a leave of absence for health reasons.

  • The Home Affordable Refinance Program, set up in 2009 after the housing bubble burst, allows borrowers with loans backed by mortgage finance firms Fannie Mae and Freddie Mac to refinance at lower interest rates even when homes have lost value. "It's highly unlikely that we would extend the coverage period...," Federal Housing Finance Agency Director Mel Watt, whose...

  • Michael Stegman, the counselor to the Treasury's secretary for housing finance policy, advocated for programmatic sales of non-performing loans at Fannie Mae and Freddie Mac and for a faster reduction in the most illiquid assets held by the two government-sponsored enterprises. Fannie Mae, the nation's largest source of mortgage funds, and its sister firm...

  • WASHINGTON, March 5- The top U.S. housing regulator said on Thursday that the Federal Housing Finance Agency has gathered feedback into its Single Security initiative and will offer more details into the structure of the plan in the second quarter of this year. "While the Single Security remains a multi-year initiative, we believe this update report will be a...

  • HOUSING FINANCE REGULATOR SAYS TO PROVIDE MORE DETAILS IN Q2 ABOUT SINGLE MORTGAGE SECURITY UNDER DEVELOPMENT BY FANNIE MAE, FREDDIE MAC.

  • WASHINGTON, March 5- A U.S. Treasury official on Thursday pushed for a faster reduction in the most illiquid assets held by Fannie Mae and Freddie Mac, and said the only way to fix the government-controlled mortgage finance firms was through legislative reform. Fannie Mae, the nation's largest source of mortgage funds, and its sister firm Freddie Mac were bailed...

  • WASHINGTON, March 5- A U.S. Treasury official on Thursday pushed for a faster reduction in the most illiquid assets held by Fannie Mae and Freddie Mac, and said the only way to fix the government-controlled mortgage finance firms was through legislative reform. "The closer the GSEs can come to transferring the majority of risk to private market participants, the...