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  • Nov 15- Bill Ackman's Pershing Square hedge fund has acquired a nearly 10 percent stake in the common shares of mortgage finance companies Freddie Mac and Fannie Mae, the latest big investor betting that the stock is severely undervalued.

  • Nov 13- Fairholme Capital Management has proposed to buy the insurance businesses of Fannie Mae and Freddie Mac, a move that seeks to resolve the uncertain future of the mortgage financiers by freeing them from U.S. government control.

  • Nov 12- Bank of America is in talks with Freddie Mac to resolve disputes involving more than $1.4 billion in defective mortgages that Freddie wants the bank to take back, the Wall Street Journal reported, citing people familiar with the matter.

  • WASHINGTON, Nov 8- Once a homeowner retires or takes a new job in another state, it usually doesn't take long for the "For Sale" sign to pop up on the front lawn. With home prices still 14 percent below their peak, according to Federal Housing Finance Agency data, some homeowners would have to take a loss to sell their homes.

  • *Freddie Mac bailout now profitable, Fannie Mae still short. WASHINGTON, Nov 7- Government-run Fannie Mae and Freddie Mac, America's biggest providers of housing finance, will send the U.S. Its larger sibling and fellow state ward Fannie Mae said it would make an $8.6 billion payment.

  • WASHINGTON, Nov 7- Government-controlled mortgage firm Freddie Mac said on Thursday it will pay $30.4 billion in dividends to the U.S. The report from Freddie Mac, which recorded pre-tax income of $6.5 billion, came on the same day its larger sibling and fellow state ward Fannie Mae said it would be making an $8.6 billion dividend payment to the government.

  • WASHINGTON, Nov 7- Government-run Fannie Mae, the largest provider of U.S. residential mortgage funding, will pay the U.S. Since being seized by the government in 2008 as mortgage losses mounted, Fannie Mae and its smaller sibling, Freddie Mac, have drawn $187.5 billion in taxpayer aid from the U.S.

  • WASHINGTON, Nov 7- Government-run Fannie Mae, the largest provider of U.S. residential mortgage funding, will pay the U.S. Treasury $8.6 billion after reporting a seventh consecutive quarterly profit on continued recovery in the real-estate market. The company posted a net income of $8.7 billion for the third quarter.

  • The San Francisco- based bank reached a settlement in the third quarter with government-backed mortgage enterprise Freddie Mac and its overseer, the Federal Housing Finance Agency, over claims that some mortgage bonds' offering documents contained false information, according to a regulatory filing the bank made on Wednesday.

  • NEW YORK, Nov 5- A federal appeals court on Tuesday upheld the dismissal of a shareholder lawsuit accusing Freddie Mac of concealing its precarious finances and its subprime mortgage exposure prior to the 2008 financial crisis.

  • NEW YORK, Nov 5- A federal appeals court on Tuesday upheld the dismissal of a lawsuit accusing Freddie Mac of misleading shareholders by understating its subprime mortgage exposure and overstating its capital strength prior to the financial crisis.

  • The regulator, which oversees mortgage finance companies Fannie Mae and Freddie Mac, said the restrictions on the fees banks collect from insurers on so-called force-placed insurance would probably reduce costs for consumers.

  • NEW YORK, Nov 5- A federal appeals court on Tuesday upheld the dismissal of a lawsuit accusing Freddie Mac of misleading shareholders by understating its subprime mortgage exposure and overstating its capital strength prior to the financial crisis.

  • UPDATE 2-Fannie Mae sues nine banks for rigging Libor Thursday, 31 Oct 2013 | 4:02 PM ET

    NEW YORK, Oct 31- Fannie Mae sued nine of the world's largest banks on Thursday, accusing them of colluding to manipulate interest rates and seeking more than $800 million of damages.

  • UPDATE 1-Fannie Mae sues nine banks over Libor Thursday, 31 Oct 2013 | 3:08 PM ET

    NEW YORK, Oct 31- U.S. mortgage finance company Fannie Mae sued nine of the world's largest banks on Thursday, accusing them of colluding to manipulate interest rates and seeking more than $800 million of damages.

  • Fannie Mae sues nine banks over Libor Thursday, 31 Oct 2013 | 2:30 PM ET

    NEW YORK, Oct 31- Fannie Mae on Thursday sued nine banks alleging manipulation of interest rates. "Fannie Mae filed this action to recover losses it suffered as a result of the defendants' manipulation of Libor," a spokesman said.

  • WASHINGTON, Oct 31- Senate Republicans on Thursday blocked President Barack Obama's nominee to oversee mortgage finance giants Fannie Mae and Freddie Mac, possibly derailing his chances of securing position.

  • Senate Republicans block Obama nominee for housing post Thursday, 31 Oct 2013 | 12:43 PM ET

    WASHINGTON, Oct 31- Senate Republicans on Thursday blocked President Barack Obama's nominee to oversee mortgage finance giants Fannie Mae and Freddie Mac. The defeat on a procedural vote for the nominee, Democratic Representative Mel Watt of North Carolina, came despite an aggressive White House push in the past few days to round up support.

  • WASHINGTON, Oct 30- The Obama administration expressed concern on Wednesday that Republicans may block a vote in the U.S. Senate on the nomination of the president's choice to regulate mortgage finance firms Fannie Mae and Freddie Mac.

  • WASHINGTON, Oct 30- The Obama administration expressed concern on Wednesday that Republicans may block a vote in the U.S. Senate on the nomination of the president's choice to regulate mortgage finance firms Fannie Mae and Freddie Mac.

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