Stocks Climb on Dovish Fed Comments; Bernanke Up Next
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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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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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*White House faced pressure to replace current FHFA chief. Representative Mel Watt, a longtime consumer advocate, to oversee mortgage financiers Fannie Mae and Freddie Mac, a White House official said.
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*White House faced pressure to replace current FHFA chief. Representative Mel Watt, a longtime consumer advocate, to oversee mortgage financiers Fannie Mae and Freddie Mac, a White House official said.
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President Barack Obama plans to nominate Democratic congressman Mel Watt to oversee mortgage financiers Fannie Mae and Freddie Mac, a White House official said on Wednesday. The official said the announcement was expected to come from the White House on Wednesday. The White House said there would be a "personnel announcement" at 2:15 p.m..
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President Barack Obama plans to nominate Democratic congressman Mel Watt to oversee mortgage financiers Fannie Mae and Freddie Mac, a White House official said on Wednesday. The official said the announcement was expected to come from the White House on Wednesday. The White House said there would be a "personnel announcement" at 2:15 p.m..
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President Barack Obama plans to nominate Democratic congressman Mel Watt to oversee mortgage financiers Fannie Mae and Freddie Mac, people familiar with the matter said on Wednesday. If confirmed by the Senate, Watt will replace Edward DeMarco, the current career civil servant who has led the Federal Housing Finance Agency in an acting capacity since 2009..
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Obama plans to nominate Democratic congressman Mel Watt to oversee mortgage financiers Fannie Mae and Freddie Mac, people familiar with the matter said on Wednesday. If confirmed by the Senate, Watt will replace Edward DeMarco, the current career civil servant who has led the Federal Housing Finance Agency in an acting capacity since 2009..
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*White House faced pressure to replace current FHFA chief. Representative Mel Watt, a longtime consumer advocate, to oversee mortgage financiers Fannie Mae and Freddie Mac, a White House official said.
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*Releases March 2013 monthly summary. *Fannie mae's book of business decreased at a compound annualized rate of 1.5. modifications in three months ended March 31.
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NEW YORK, April 29- A Manhattan judge indicated Monday he was "troubled" by how the U.S. government applied a rarely used law in a suit against Bank of America Corp over the sale of toxic mortgages to Fannie Mae and Freddie Mac.
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More than US $8.5 bn in private-label CMBS has been marketed to investors so far in April, including a new JP Morgan conduit for US $1.2 bn, JPMCC 2013- LC11, that was announced on Friday. A further US $2.8 bn in government-backed Freddie Mac multi-family deals have also priced this month, according to IFR and Thomson Reuters data.
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The Fed's balance sheet- a broad gauge of its lending to the financial system- stood at $3.276 trillion on April 24, up from $3.252 trillion on April 17. The Fed's ownership of mortgage bonds guaranteed by Fannie Mae, Freddie Mac and the Government National Mortgage Association rose to $1.136 trillion from $1.126 trillion the previous week.
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The Fed's balance sheet- a broad gauge of its lending to the financial system- stood at $3.276 trillion on April 24, up from $3.252 trillion on April 17. The Fed's ownership of mortgage bonds guaranteed by Fannie Mae, Freddie Mac and the Government National Mortgage Association rose to $1.136 billion from $1.126 trillion the previous week.
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----------------------------------------------------------0830/ 1230: The Labor Dept. issues weekly Jobless claims. 0830/ 1230: The USDA releases weekly Export Sales. 1000/ 1400: Freddie Mac issues weekly U.S. mortgage rates. 1000/ 1400: Treasury Secretary Jack Lew testifies before a House Appropriations subcommittee on the Treasury Department budget.
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WASHINGTON, April 18- President Barack Obama is preparing to name a new regulator to oversee mortgage financiers Fannie Mae and Freddie Mac, and economist Mark Zandi is a leading choice among the candidates, according to people familiar with the process.
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NEW YORK, April 5- A federal appeals court rejected UBS AG's bid to dismiss a U.S. regulator's lawsuit seeking to hold the Swiss bank responsible for losses on mortgage securities at Fannie Mae and Freddie Mac.
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NEW YORK, April 5- A federal appeals court in New York said Friday the Federal Housing Finance Agency could proceed with its lawsuit against UBS AG over mortgage losses at Fannie Mae and Freddie Mac.
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NEW YORK, April 5- A federal appeals court in New York said on Friday that the Federal Housing Finance Agency can proceed with its lawsuit against UBS AG over mortgage losses at Fannie Mae and Freddie Mac.
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WASHINGTON, April 2- Mortgage finance company Fannie Mae posted a record $7.6 billion in quarterly earnings, but it refrained from booking a tax-related gain that would have allowed the bailed-out company to repay as much as $59 billion to taxpayers. Treasury, to help pay back the roughly $117 billion that Fannie Mae owes taxpayers.
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Under the initiative, mortgage finance firms Fannie Mae and Freddie Mac will no longer require documents on personal finances or paperwork that records financial hardship from homeowners who are at least 90 days delinquent in order for them to receive a mortgage modification.