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  • The housing industry's $5 trillion question Monday, 14 Apr 2014 | 10:24 AM ET
    Mel Watt

    The housing industry has waited three months to find out how Mel Watt will govern taxpayer-owned mortgage companies Fannie Mae and Freddie Mac.

  • WASHINGTON, April 14- The U.S. housing industry has waited three months to find out how Mel Watt will govern taxpayer-owned mortgage companies Fannie Mae and Freddie Mac, and has been frustrated by his silence.

  • Sallie Mae board approves Navient spinoff Thursday, 10 Apr 2014 | 10:24 AM ET

    Sallie Mae used to act as an intermediary and earned fees making student loans backed by the federal government, in addition to making private student loans. A dividend of Navient common stock will be distributed on April 30 to Sallie Mae shareholders of record on April 22.

  • Average US 30-year mortgage rate down to 4.34 pct. Thursday, 10 Apr 2014 | 10:04 AM ET

    WASHINGTON— Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30- year loan fell to 4.34 percent from 4.41 percent last week.

  • NEW YORK, April 10- Thanks to increased savings rates and a rising stock market, average balances in U.S. college savings plans jumped 30 percent in 2013 over the prior year, according to the new "How America Saves for College" report from Sallie Mae released Thursday.

  • WASHINGTON, April 9- A coalition of investors in Fannie Mae and Freddie Mac on Wednesday launched an effort to stop Congress from moving ahead with a U.S. housing finance reform bill, arguing it would deny them a fair share in any remaining value in the two companies.

  • Business events scheduled for Thursday Wednesday, 9 Apr 2014 | 2:05 PM ET

    WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m. Eastern time. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.. WASHINGTON— Treasury releases federal budget for March, 2 p.m..

  • WASHINGTON, April 7- A new organization called the Coalition for Mortgage Security launched a campaign on Monday calling for winding down Fannie Mae and Freddie Mac in a way that does not harm the shareholders of the bailed-out mortgage companies.

  • WASHINGTON, March 27- The top Democrat on the U.S. House Financial Services Committee on Thursday introduced a draft proposal to abolish Fannie Mae and Freddie Mac and create a new lender-owned cooperative that would issue government-backed loans.

  • WASHINGTON, March 26- Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank to end one of the largest legal headaches it still faced from the financial crisis.

  • WASHINGTON, March 26- Bank of America will pay $9.3 billion to Fannie Mae and Freddie Mac to settle claims that it sold them faulty mortgage-backed securities during the housing bubble, a U.S. regulator said on Wednesday.

  • NEW YORK/ ZURICH, March 21- Credit Suisse Group AG agreed to pay $885 million to resolve claims by a U.S. regulator that the Swiss bank misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that later went sour. Credit Suisse will pay $234 million to Fannie Mae and $651 million to Freddie Mac, the FHFA said.

  • March 16- A draft bill to remake the nation's $10 trillion mortgage market and wind down government-run companies Fannie Mae and Freddie Mac, the two housing finance giants that were bailed out by taxpayers in 2008, was released by two leading senators on Sunday.

  • WASHINGTON, March 16- A draft bill to wind down government-run mortgage financiers Fannie Mae and Freddie Mac, released by two leading senators on Sunday, would leave a decision on how to treat their private shareholders to the courts.

  • WASHINGTON, March 16- A draft bill to wind down government-run mortgage financiers Fannie Mae and Freddie Mac, released by two leading senators on Sunday, would leave a decision on how to treat their private shareholders to the courts.

  • WASHINGTON, March 13- The leaders of the U.S. Senate Banking Committee's new legislative framework to wind down Fannie Mae and Freddie Mac will not determine whether their investors can share in the companies' renewed profitability, the panel's top Republican said on Thursday in a televised interview.

  • *Fannie Mae, Freddie Mac shares fall on Senate proposal for wind-down. NEW YORK, March 12- U.S. stocks finished little changed on Wednesday, with the Nasdaq up for the first session in five, as investors grappled with the evolving situation in Ukraine but shrugged off concern over weakness in China's economy.

  • *Fannie Mae, Freddie Mac would be liquidated under plan. WASHINGTON, March 11- The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.

  • WASHINGTON, March 11- The leaders of the U.S. Senate Banking Committee on Tuesday outlined plans for legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac that they said would continue to provide access to long-term, fixed-rate mortgages.

  • WASHINGTON, March 11- The leaders of the U.S. Senate Banking Committee on Tuesday outlined plans for legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac that they said would continue to provide access to long-term, fixed-rate mortgages.

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