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  • WASHINGTON, Dec 11- Fannie Mae and Freddie Mac's regulator on Thursday directed the two government-controlled mortgage firms to begin setting aside money for an affordable-housing fund established in 2008, saying they were now financially fit enough to do so. The "allocation would not contribute to the financial instability" of the mortgage firms, Federal...

  • More Americans to buy homes with 3 percent down Monday, 8 Dec 2014 | 12:01 PM ET

    WASHINGTON— Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say. The new lending guidelines announced by the companies Monday are designed to help more low-income and first-time buyers afford homes. "These underwriting guidelines...

  • WASHINGTON, Dec 8- The two top U.S. mortgage finance firms on Monday launched programs to allow more borrowers to make downpayments as low as 3 percent of a property's value, but with tighter lending standards aimed at keeping default rates low. Fannie Mae and Freddie Mac have been under U.S. government control since 2008, when a surge in U.S. mortgage defaults was...

  • WASHINGTON, Nov 25- Americans who lost their homes to foreclosure will be able to buy them back at current market value if the properties are owned by housing finance giants Fannie Mae and Freddie Mac, the regulator of the two firms said on Tuesday. The FHFA said the new rule applies to about 121,000 properties currently owned by Fannie Mae and Freddie Mac, which...

  • WASHINGTON, Nov 19- The top U.S. housing finance regulator said on Wednesday his agency would unveil a new framework in early 2015 for how government-controlled Fannie Mae and Freddie Mac will set mortgage guarantee fees. Watt also said Fannie Mae and Freddie Mac, which guarantee most of the nation's mortgages, will release in early December details of the extra...

  • NEW YORK, Nov 17- Any changes the Federal Reserve makes to its vast portfolio of bonds in the coming years is likely to have a bigger impact on U.S. financial and housing markets than any interest rate hike the U.S. central bank may make in 2015, Fannie Mae chief economist Doug Duncan said on Monday. The Fed's balance sheet stands at $4.22 trillion, including $2.46...

  • Nov 6- Government-controlled mortgage finance firms Fannie Mae and Freddie Mac said on Thursday they will pay U.S. taxpayers $6.8 billion after reporting a third-quarter profits that modestly rose from the second quarter. Fannie Mae, the bigger of the two and the nation's largest source of mortgage funds, earned a net income of $3.9 billion in the third quarter,...

  • Nov 6- Fannie Mae and Freddie Mac said on Thursday that they would pay dividends totaling $6.8 billion to the U.S. Treasury next month, pushing taxpayers further into the black on their bailout of the mortgage financiers. After the payments, the companies will have sent a combined $225.5 billion in dividends to the Treasury in return for the $187.5 billion in...

  • Nov 6- Government-controlled mortgage finance firm Fannie Mae said on Thursday it will pay U.S. taxpayers $4.0 billion after reporting a quarterly profit that modestly rose from the second quarter. Fannie Mae does not lend money directly, nor does rival financing firm Freddie Mac. Fannie Mae's dividend to the U.S.

  • NEW YORK, Oct 24- Fannie Mae has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial crisis. Fannie Mae and the smaller Freddie Mac were seized by the federal government on Sept. 7, 2008 and put into a...

  • NEW YORK, Oct 22- A federal judge has dismissed a lawsuit brought by Massachusetts Attorney General Martha Coakley that accused mortgage finance giants Fannie Mae and Freddie Mac of violating a state law meant to prevent financially troubled residents of the state from losing their homes. Filed in June, the lawsuit said Fannie and Freddie blocked a state...

  • Oct 17- Fannie Mae and Freddie Mac, their regulator and lenders are close to an agreement that could expand mortgage credit while helping lenders protect themselves from charges of making bad loans, the Wall Street Journal reported. Fannie Mae and Freddie Mac have recouped tens of billions of dollars in penalties from lenders in recent years over claims that...

  • Oct 1- Shares of government-controlled Fannie Mae and Freddie Mac plummeted on Wednesday, the day after a judge upheld the U.S. The dismissal of the lawsuit dealt a blow to investors hoping to benefit now that Fannie Mae and Freddie Mac, the two largest sources of U.S. housing finance, are profitable.

  • Oct 1- Shares of Fannie Mae and Freddie Mac plummeted on Wednesday, the day after a judge upheld the U.S. The over-the-counter common shares of both companies were down by more than a quarter, with Fannie Mae sliding 27 percent to $1.96 and Freddie Mac dropping 26 percent to $1.96.

  • Oct 1- Shares of mortgage finance companies Fannie Mae and Freddie Mac slumped on Wednesday, after a judge threw out a lawsuit brought by investors in the companies to stop the government from making the companies pay a quarterly dividend to the U.S.

  • 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.

  • NEW YORK, Sept 12- HSBC Holdings Plc is expected to pay $550 million to resolve a U.S. regulator's claims the bank made false representations in selling mortgage bonds to Fannie Mae and Freddie Mac before the financial crisis, a person familiar with the matter said Friday.

  • 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.