WASHINGTON— British bank HSBC has agreed to pay $550 million to resolve U.S. claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007.. The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the settlement Friday with HSBC.» Read More
WASHINGTON— The average 30- year U.S. mortgage rate this week remained at a 52- week low of 4.10 percent for the third straight week. Mortgage company Freddie Mac also said Thursday the average for a 15- year mortgage, a popular choice for people who are refinancing, slipped to 3.24 percent from 3.25 percent.
WASHINGTON, Aug 29- The regulator for U.S. housing finance giants Fannie Mae and Freddie Mac.
WASHINGTON, Aug 29- The regulator for U.S. housing finance giants Fannie Mae and Freddie Mac said on Friday it wants the two firms to provide more support to low-income Americans taking out mortgages and refinancing their loans. The Federal Housing Finance Agency said the proposed increase was part of its goals for housing finance between 2015 and 2017..
NEW YORK, Aug 28- A U.S. regulator can proceed with lawsuits accusing HSBC Holdings Plc and Nomura Holdings Inc of misleading Fannie Mae and Freddie Mac into buying mortgage-backed securities that later turned toxic, a federal judge ruled on Thursday.
Aug 22- Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.
Goldman said it would repurchase the securities sold to Fannie Mae and Freddie Mac over the 2005-2007 period.
Aug 22- Goldman Sachs Group Inc could pay about $1.1 billion to settle claims from the U.S. housing finance regulator that it sold bad mortgage-backed securities, the Financial Times reported.
In the complaint, Pershing Square alleged that Treasury illegally seized tens of billions of dollars in Fannie and Freddie profits.
Aug 16- Activist Bill Ackman's Pershing Square Capital Management LP filed its second lawsuit in two days against the U.S. government over bailout of Fannie Mae and Freddie Mac, court documents show.
Aug 14- Pershing Square Capital Management LP, the hedge fund firm run by William Ackman, has sued the U.S. government, claiming that its stripping of Fannie Mae's and Freddie Mac's profit illegally short changes investors in the mortgage companies' common stock.
*Fannie Mae, Freddie Mac to give U.S. WASHINGTON, Aug 7- Government-controlled mortgage finance firms Fannie Mae and Freddie Mac made enough money in the second quarter to give taxpayers $5.6 billion in dividends, a sign they can turn substantial profits even in a lackluster housing market.
WASHINGTON, Aug 7- Government-controlled mortgage finance firms Fannie Mae and Freddie Mac said on Thursday they will pay U.S. taxpayers a combined $5.6 billion in dividends after another profitable quarter.
Aug 7- Fannie Mae and Freddie Mac said on Thursday they would pay dividends totaling $5.6 billion to the U.S. Treasury next month, pushing taxpayers further into the black on their bailout of the mortgage finance firms.
WASHINGTON, Aug 7- Government-controlled mortgage finance firm Freddie Mac said on Thursday it will pay U.S. taxpayers $1.9 billion after posting an eleventh straight quarterly profit.
The FHFA filed 18 lawsuits against Goldman and other banks in 2011 over about $200 billion in mortgage-backed securities that later went sour.
NEW YORK, July 26- A deal to resolve a U.S. regulator's claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 billion, according to a person familiar with the matter.
NEW YORK, July 23- A federal judge on Wednesday said banks faced an uphill battle in convincing her to dismiss a U.S. regulator's claims that they misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that later went sour.
WASHINGTON, July 17- U.S. housing finance companies Fannie Mae and Freddie Mac are making riskier deals as they increasingly purchase mortgages from smaller lenders, a federal watchdog said on Thursday.
June 27- Debt in some of Puerto Rico's biggest public corporations slumped in heavy trade on Friday after a new law allowing them to restructure their debt sparked ratings downgrades and fears of imminent default.
June 19- Royal Bank of Scotland Group Plc agreed on Thursday to pay $99.5 million to resolve a U.S. regulator's claims against the bank over Freddie Mac's purchase between 2005 and 2007 of mortgage-backed securities that later went sour.