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  • U.S. Senate panel sets Thursday vote on housing bill Monday, 12 May 2014 | 4:33 PM ET

    WASHINGTON, May 12- The Senate Banking Committee plans to vote on a U.S. housing finance reform bill on Thursday in what could be the last effort this year to move forward with legislation to wind down mortgage firms Fannie Mae and Freddie Mac. Tim Johnson, the Democrat who chairs the committee, and the panel's top Republican, Sen.

  • May 8- Fannie Mae and Freddie Mac said on Thursday they would pay dividends totaling $10.2 billion to the U.S. Treasury next month, pushing taxpayers further into the black on their bailout of the mortgage finance firms.

  • WASHINGTON, May 8- Government-controlled mortgage finance firms Fannie Mae and Freddie Mac will send the U.S. Fannie Mae and Freddie Mac's regulator, the Federal Housing Finance Agency, sued large banks and financial institutions over mortgages sold to the companies leading up to the housing crisis.

  • WASHINGTON, May 8- Government-controlled mortgage finance firms Fannie Mae and Freddie Mac will send the U.S. Fannie Mae posted net income of $5.3 billion for the three months ended March 31, which included $4.1 billion from settlements of litigation over mortgage-backed securities issued by banks ahead of the financial crisis.

  • WASHINGTON, April 30- U.S. mortgage financiers Fannie Mae and Freddie Mac may require as much as $190 billion in additional taxpayer aid if the economy suffers a severe downturn, their regulator said on Wednesday.

  • NEW YORK, April 29- First Horizon National Corp will pay $110 million to resolve claims it misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that later went sour, a U.S. regulator said on Tuesday. As part of the deal, First Horizon will pay $61.6 million to Fannie Mae and $48.4 million to Freddie Mac, the FHFA said.

  • *Bill could clear panel, but full Senate vote unlikely. *Bill would shutter Fannie Mae and Freddie Mac. WASHINGTON, April 29- The already dim prospects for a bill to wind down taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac grew darker on Tuesday, as a U.S. Senate committee postponed a vote on the legislation.

  • *Bill could clear panel, but full Senate vote unlikely. *Bill would shutter Fannie Mae and Freddie Mac. WASHINGTON, April 29- The already dim prospects for a bill to wind down taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac grew darker on Tuesday, as a U.S. Senate committee adjourned a meeting on the bill without holding any votes.

  • WASHINGTON, April 29- The Senate Banking Committee will open debate on a bill to wind down taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac on Tuesday, but does not plan any votes as the panel's leaders scramble for broader support.

  • WASHINGTON, April 25- A U.S. Senate bill on housing finance reform could undermine the stability of the mortgage market if it became law in its current form, the head of government-run mortgage financier Freddie Mac warned the company's regulator.

  • WASHINGTON, April 25- The head of government-run mortgage financier Freddie Mac has warned the company's regulator that a U.S. Senate bill on housing finance reform could undermine the stability of the mortgage market if it became law in its current form.

  • WASHINGTON, April 24- The U.S. Senate Banking Committee appears likely to back a bill to wind down government-backed mortgage giants Fannie Mae and Freddie Mac, according to sources familiar with talks on the legislation.

  • April 16- Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a settlement with the Federal Housing Finance Agency and other mortgage-related matters.

  • Bank of America posts loss as litigation charges weigh Wednesday, 16 Apr 2014 | 7:10 AM ET

    April 16- Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a settlement with the Federal Housing Finance Agency and other mortgage-related matters.

  • 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.

  • 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.

  • 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.