Mortgage giant Fannie Mae has now been turning a profit for more than a year, and the chief beneficiary of that profit is the federal government.» Read More
Mortgage giant Fannie Mae has now been turning a profit for more than a year, and the chief beneficiary of that profit is the federal government.
Barney Frank, Former Congressman (D-MA), shares his view on fixing Fannie Mae, the housing market and the state of Wall Street.
The mortgage corporation is reporting its largest profit in history, reports CNBC's Diana Olick.
Edward Pinto, resident fellow at American Entreprise Institute, discusses how the U.S. mortgage lending business should be reformed following strong profits from Fannie Mae.
CNBC's Rick Santelli talks with Brian Battle, Performance Trust Capital Partners, about President Obama's nomination to replace the head of the FHFA.
CNBC's Rick Santelli talks with Anthony Sanders, The Mercatus Center, about likely candidates to run the Federal Housing Finance Agency.
Fannie Mae expects to remain profitable for the foreseeable future, reports CNBC's Eamon Javers. The company earned $17.2 billion in 2012.
Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, driven by the housing recovery.
Rick Santelli uses his tie to illustrate his argument that even though Fannie Mae and Freddie Mac are making money they shouldn't stay on the same path. (2:39)
Fannie Mae could pay the taxpayer back, but isn't, reports CNBC's Eamon Javers.
Housing data released Tuesday was mixed, prompting economist Robert Shiller to call the housing recovery positive in the short-term, but not without many headwinds.
CNBC's Rick Santelli talks with Edward Pinto, American Enterprise Institute about mortgage market reform and its consequences.
CNBC's Rick Santelli wonders whether Freddie Mac and Fannie Mae are really helping the housing market.
U.S. mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor.
CNBC's Diana Olick reports banks and lenders are loosening up the purse strings. There's been a "noticeable increase" in the purchase of fixed-rate low down payment loans, some with as little as 3-5% down, but they may require mortgage insurance.
Profits must come through public confidence, and public confidence is given to any merchant in proportion to the service which he gives to the public.
Bank of America profit fell from a year ago, as it took more charges to clean up mortgage-related problems.
Wells Fargo posted earnings expectations Friday, but shares fell amid disappointment with the profit margin in the bank's lending business.
CNBC's Diana Olick reports a U.S. consumer watchdog group has made mortgage policy changes on banks in an effort to protect borrowers from the ills of the past decade.
More than five years after the housing market collapsed, the U.S. government's newly created consumer watchdog said Thursday it will force banks to verify a borrower's ability to repay loans to ward off the kind of loose lending that helped push the U.S. economy into recession.