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.
Bulls and bears have been duking it out this week in the worst three day sell off for stocks in two months.
President Obama's plans to slowly wind down Fannie Mae and Freddie Mac and replace them with private capital. Gene Sperling, Economic Council director, weighs in on the President's plan.
CNBC's Diana Olick reports on President Obama's plan to overhaul Fannie Mae and Freddie Mac. He wants more private capital in the mortgage market.
President Obama wants to dismantle Fannie Mae & Freddie Mac and streamline the mortgage process, reports CNBC's Diana Olick.
Shaun Donovan, Housing and Urban Development secretary, provides a preview of President Obama's speech on housing later today in Arizona, including the shutdown of Fannie Mae & Freddie Mac and simplifying the mortgage application process.
President Barack Obama will use Phoenix as a backdrop to tout his administration's accomplishments in the housing recovery and to admit that more work needs to be done.
David Stevens, Mortgage Bankers Association CEO, gives his read on the direction of mortgage rates, as interest rates move up nearly a full point in the last month or so.
A bipartisan bill in the U.S. Senate, called the SAVE Act (Sensible Accounting to Value Energy), could help borrowers buying an energy-efficient home get a larger mortgage.
Another major investor will be suing the government to protect its rights as a preferred shareholder in government-sponsored entities Fannie Mae and Freddie Mac.
Sen. Bob Corker, (R-TN), provides his views on reforming home finance by introducing bipartisan legislation that will replace Fannie Mae and Freddie Mac with a privately capitalized system.
CNBC's Kate Kelly reports on the lawsuit against the Treasury and Federal Housing Finance Agency by hedge fund Perry Capital. Under a 2012 amendment known as the "sweep amendment," profit sharing was eliminated, she says.
CNBC's Kate Kelly reports Perry Capital is suing the Treasury Department over its handling of the government-controlled entities. And the FMHR traders have the play on banks ahead of second quarter earnings.
Perry Capital is filing suit over Fannie and Freddie in an effort to stop the Treasury from enforcing the "Third Amendment," reports CNBC's David Faber.
The law requires FHFA to be the conservator for Fannie & Freddie, and the lawsuit filed Sunday could very well end up in the Supreme Court, says Matthew McGill, partner in the law firm taking up the case.
CNBC's David Faber reports Perry Capital wants to stop the Treasury from enforcing the "Third Amendment" or the way the department deals with Fannie Mae and Freddie Mac.
James Grosfeld, former Pulte Home chairman and CEO, explains how a significant rise in interest rates will limit the number of families applying for mortgages.
Citigroup has agreed to pay $968 million to Fannie Mae to resolve potential future repurchase claims on residential mortgage loans originated between 2000 and 2012.