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Congress Government Sponsored Enterprise

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  • WASHINGTON, Feb 19- Freddie Mac saw $3.4 billion in quarterly derivative losses due to declining interest rates, the government-controlled mortgage finance company said on Thursday. Freddie Mac also said it will pay $851 million to the U.S. Freddie Mac Chief Executive Officer Donald Layton said a hefty derivative loss could require the company to draw money...

  • Feb 19- Freddie Mac said on Thursday it would pay a dividend of $851 million to the U.S. After the payment, the company will have sent a cumulative $91.8 billion in dividends to the Treasury in return for the $71.3 billion in taxpayer aid it received after the government seized it at the height of the financial crisis. Freddie Mac's sister firm and fellow government...

  • WASHINGTON, Feb 19- Government-controlled mortgage finance firm Freddie Mac said on Thursday that it will pay $851 million to the U.S. Freddie Mac said fourth quarter net income fell by $1.9 billion to $227 million, driven by derivative losses. Freddie Mac said the single-family serious delinquency rate was 1.88 percent as of the end of December, down from 2.39...

  • Freddie Mac paid $19.6 bln to U.S. Treasury in 2014 Thursday, 19 Feb 2015 | 8:26 AM ET

    WASHINGTON, Nov 6- Government-controlled mortgage finance firm Freddie Mac said on Thursday that it paid $19.6 billion to the U.S. Treasury last year and reported a drop in earnings. Freddie Mac said fourth quarter net income fell to $1.9 billion from the previous quarter, driven by a rise in dividend losses from declining long-term interest rates.

  • WASHINGTON, Feb 4- The top U.S. regulator of Fannie Mae and Freddie Mac on Wednesday played down the likelihood of reducing the loan size of homeowners still under water, saying such a move would also have to be a "win" for taxpayers. Any program to help those whose mortgage loan balance is more than their house is worth would be "substantially narrower" than a lot of...

  • U.S. housing regulator downbeat on principal reductions Wednesday, 4 Feb 2015 | 12:00 PM ET

    WASHINGTON, Feb 4- The top U.S. regulator of Fannie Mae and Freddie Mac on Wednesday played down the likelihood of reducing the size of loans of homeowners still under water, saying such a move would also have to be a win for taxpayers. Federal Housing Finance Agency director Mel Watt, a former 20- year Democratic Congressman who has been at the helm of the agency for...

  • 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.

  • Who pays for college education? Not Mom and Dad Tuesday, 23 Jul 2013 | 2:38 PM ET

    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.

  • Senators Push Bill to Scrap Two Mortgage Firms Tuesday, 25 Jun 2013 | 8:06 PM ET

    A bipartisan group of U.S. senators on Tuesday introduced a bill to abolish Fannie Mae and Freddie Mac and replace them with a government reinsurer of mortgage securities.

  • Wal-Mart vs. the Feds: Who's the Low-Wage Job King? Monday, 13 May 2013 | 9:51 AM ET

    The federal government is better at creating low-paying jobs than Wal-Mart and McDonald's combined, says a new report.

  • Aging Populations Pose Global Entitlement Problems Wednesday, 20 Mar 2013 | 6:43 AM ET
    Aging Populations Pose Global Entitlement Problems

    Marko Mrsnik, S&P analyst, reveals the results of a new study that shows over the long-term, current policies for aging care are not sustainable.

  • USDA Sugar Bailout? Wednesday, 13 Mar 2013 | 10:13 AM ET
    USDA Sugar Bailout?

    The government is considering buying 400-thousand tons of sugar to stave off a wave of defaults by sugar processors, reports Hampton Pearson.

  • Fannie Mae and Freddie Mac will form a joint venture for securitizing home loans that could end up replacing the two government-controlled mortgage finance giants.

  • Freddie Mac Turns First Annual Profit Since 2006 Friday, 1 Mar 2013 | 4:46 AM ET

    U.S. government-run mortgage finance provider Freddie Mac earned $11 billion last year, the first annual increase in its net income since 2006.

  • Egan Jones Barred From Key Debt Ratings by SEC Tuesday, 22 Jan 2013 | 12:26 PM ET
    Sean Egan: Debt Ceiling Threat Is 'Manageable'

    Credit rating firm Egan-Jones and its founder agreed to be barred for 18 months from rating asset-backed or government securities to resolve charges they lied on registration forms.

  • A US-Backed Geothermal Plant in Nevada Struggles Monday, 3 Oct 2011 | 11:24 AM ET
    U.S. Senate Majority Leader Harry Reid (D-NV) speaks during the National Clean Energy Summit 4.0 on August 30, 2011 in Las Vegas, Nevada.

    In a remote desert spot in northern Nevada, there is a geothermal plant run by a politically connected clean energy start-up that has relied heavily on an Obama administration loan guarantee and is now facing financial turmoil. The New York Times reports.