Fairholme Capital's founder says he's confident he can raise the billions needed for his proposal to buy Fannie and Fannie's insurance components.
In an exclusive CNBC interview, David Faber talks with Fairholme Capitol CEO Bruce Berkowitz about their proposal to buy Fannie Mae and Freddie Mac for $52 billion. Berkowitz says housing finance is critical to the American dream.
Founded by a disabled vet, Mischler Financial offers servicemen and women with financial experience a unique opportunity.
Rebecca S. Mairone, a midlevel executive at Bank of America's Countrywide mortgage unit, was held liable by a federal jury in Manhattan.
Loan limits at Fannie Mae and Freddie Mac will remain at $417,000 in general and $625,000 for higher-priced markets. CNBC's Diana Olick reports.
Some lenders will not do them at all without tax verification from the IRS. Others are delaying the process.
David Stevens, Mortgage Bankers Association CEO, explains how an extended government shutdown will likely impact the mortgage market, the IRS and the economy.
Markets are down, but price action and light volume suggests the market thinks a government shutdown will be avoided.
The latest budget battle has veered even further off course than past efforts to drive the government off a fiscal cliff.
CNBC's Kate Kelly reports Citigroup is to pay Freddie Mac $395 million to resolve future mortgage repurchase claims.
Deepak Narula, Metacapital Management, discusses his winning play on mortgage related assets and shares his view on where he sees the housing market headed from here.
CNBC's Diana Olick reports on the leading proposal in Congress to do away with Fannie Mae and Freddie Mac.
Five years after the government takeover of Fannie Mae and Freddie Mac, the agencies are now making money hand over fist, reports CNBC's Diana Olick.
This week marks the five-year anniversary of Fannie Mae and Freddie Mac's being placed into conservatorship. Bruce Berkowitz of Fairholme Capital Management explains why Fannie and Freddie shares should be returned entirely to the public market.
U.S. federal regulators on Wednesday will unveil a reworked proposal aimed at reducing risk in the mortgage market and limiting shoddy underwriting practices.
In the 1990s, U.S. banks used life insurance to bet that their employees would eventually die. Now those wagers are coming back to haunt Wall Street banks.
As the Fed tapers, bond yields will rise and prices will be more volatile. Little money, if any, will be earned from rising bond prices, but Pimco's Bill Gross has a plan.
Fannie Mae reported net income of $10.1 billion for Q2, and its CEO Tim Mayopoulos expects revenues to be stable and earnings to be strong over the next few years. CNBC's Diana Olick reports.
CNBC's Diana Olick explains why the president is calling both lenders to be shut down despite strong second-quarter profits.
CNBC's Diana Olick reports that Fannie Mae reports a $10.1 billion 2nd-quarter profit. This week, President Obama proposed winding down Fannie Mae as a part of the home buying process.