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WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m. Eastern. WASHINGTON _ Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.. WASHINGTON _ Commerce Department releases new home sales for April, 10 a.m..
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WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m. Eastern. WASHINGTON _ Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.. WASHINGTON _ Commerce Department releases new home sales for April, 10 a.m..
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FHFA oversees the government-controlled Fannie Mae and Freddie Mac, the mortgage financiers that own or back about half of all U.S. home loans. Bank of America Corp, Goldman Sachs Group Inc and Wells Fargo& Co were among his top 20 contributors in his last election, according to the Center for Responsive Politics.
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NEW YORK-- Ally Financial Inc. said Tuesday that it agreed to back a settlement plan to resolve potential financial claims stemming from its bankrupt mortgage division, Residential Capital LLC. The only exception: securities claims by the Federal Housing Finance Agency and the Federal Deposit Insurance Corp. in its role as receiver for certain failed banks.
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The federal government is better at creating low-paying jobs than Wal-Mart and McDonald's combined, says a new report.
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WASHINGTON, May 9- Fannie Mae, the nation's biggest mortgage finance company, said on Thursday it will pay $59.4 billion in dividends to the U.S.
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WASHINGTON, May 9- Fannie Mae, the biggest mortgage-finance company operating under government control, on Thursday said it would pay the U.S. Treasury Department $59.4 billion in dividends during the second quarter after recognizing tax benefits it had written down.
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May 8- A federal judge ruled on Wednesday that the United States can pursue parts of a civil lawsuit against Bank of America Corp over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a largely untested legal theory the government used in the case. Bank of America had sought to dismiss the lawsuit, which seeks penalties under two laws.
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WASHINGTON, May 8- A federal judge on Wednesday said the U.S. can pursue parts of a civil lawsuit against Bank of America Corp over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a largely untested legal theory the government used in the case.
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WASHINGTON, May 8- Freddie Mac, the No. 2 provider of U.S. mortgage money, posted its second-largest quarterly profit in company history in the first quarter due to rising home prices, falling mortgage delinquencies and increased refinance activity.
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WASHINGTON, May 8- Freddie Mac, the No. 2 provider of U.S. mortgage money, said on Wednesday it posted its second largest quarterly profit in company history in the first quarter due to rising home prices, falling mortgage delinquencies and increased refinance activity.
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May 7- Mortgage finance company Fannie Mae and accounting firm KPMG have agreed to pay $153 million to settle a shareholder lawsuit filed by Ohio pension funds and others accusing the companies of issuing false and misleading financial reports, the Ohio attorney general said on Tuesday.
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May 7- Mortgage finance company Fannie Mae. and accounting firm KPMG have agreed to pay $153 million to settle a shareholder lawsuit filed by Ohio pension funds and others accusing the companies of issuing false and misleading financial reports, the Ohio attorney general said on Tuesday.
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May 7- Mortgage finance company Fannie Mae and accounting firm KPMG have agreed to pay $153 million to settle a shareholder lawsuit filed by Ohio pension funds and others accusing the companies of issuing false and misleading financial reports, the Ohio attorney general said on Tuesday.
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WASHINGTON, May 6- Mortgage financiers Fannie Mae and Freddie Mac will limit their purchases to loans that meet a new federal definition of a "qualified mortgage" starting next year, the housing giants' regulator said on Monday.
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WASHINGTON, May 6- Mortgage financiers Fannie Mae. "Adoption of these new limitations by Fannie Mae and Freddie Mac is in keeping with FHFA's goal of gradually contracting their market footprint and protecting borrowers and taxpayers," the regulator said in a statement.
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NEW YORK, May 3- The Federal Housing Finance Agency on Friday withdrew its conditional objection to Bank of America Corp's proposed $8.5 billion settlement with investors in Countrywide mortgage-backed securities. Countrywide was acquired by Bank of America in 2008..
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The Fed's balance sheet- a broad gauge of its lending to the financial system- stood at $3.274 trillion on May 1, down from $3.276 trillion on April 24. The Fed's ownership of mortgage bonds guaranteed by Fannie Mae, Freddie Mac and the Government National Mortgage Association fell to $1.122 trillion from $1.136 trillion the previous week.
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President Barack Obama on Wednesday nominated a veteran Democratic congressman to oversee mortgage financiers Fannie Mae and Freddie Mac, a choice that could set up a contentious political debate over housing policy.
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President Barack Obama on Wednesday nominated a veteran Democratic congressman to oversee mortgage financiers Fannie Mae and Freddie Mac, a choice that could set up a contentious political debate over housing policy.
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President Barack Obama on Wednesday nominated a veteran Democratic congressman to oversee mortgage financiers Fannie Mae and Freddie Mac, a choice that could set up a contentious political debate over housing policy.