Could new programs aimed at boosting first-time homebuyers lead to another crisis? Economist Robert Shiller sees risk of that scenario.» Read More
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.
CNBC's Kayla Tausche reports Bank of America announced a settlement with Fannie Mae over mortgage repurchases.
The "Squawk on the Street" news crew report on all the market moving stories of the day. Among the stories: a look at the battle on Capitol Hill over the debt ceiling; the outlook on earnings; and the Basel Committee relaxing liquidity standards for banks.
The big bank announces a $10 billion settlement with Fannie Mae over mortgage repurchases, reports the "Squawk Box" news team.
CNBC's Rick Santelli discusses the changing landscape in the real estate market as well as the need for reform, with Anthony Sanders, George Mason University professor.
Will there be a bailout for the FHA? CNBC's Rick Santelli, weighs in on whether the government agency should get more money.
Mortgage rates may be near record lows, but potential homebuyers are still finding it difficult to get a mortgage, Lending Tree founder and CEO Doug Lebda told CNBC’s “Squawk on the Street.”
CNBC's Diana Olick reports Pacifica Companies bought 699 Fannie Mae properties in the first round of foreclosures.
Richard Perry, Perry Capital CEO, discusses how the U.S. economy can get a boost by opening up the mortgage markets again and putting Fannie Mae and Freddie Mac back on stable ground.
The Fast Money Halftime Report traders and Tom Barrack, of Colony Capital, discuss foreclosed housing and investment opportunities.
The Obama administration's announcement that it is broadening its mortgage modification program is all about getting Fannie Mae and Freddie Mac's regulator to agree to principal reduction, reports CNBC's Diana Olick.
CNBC's Diana Olick has the latest details on the resignation of Michael Williams. "These are challenging jobs, that you have to look at in two to three year increments", says the outgoing Fannie Mae CEO.
Mike Williams, the CEO of Fannie Mae, announces he will be stepping down from his post, reports CNBC's Diana Olick.
Financials soared on refinancing rumors, today. Discussing what's fueling the speculation and its impact on banks, with CNBC's Diana Olick, and Chris Whalen, Tangent Capital Partners. Also, the trade on financials, with the Fast Money traders.
CNBC's Diana Olick reports on proposed plans to raise Fannie Mae and Freddie Mac lender fees and pass the money on to the U.S. Treasury to help pay for the payroll tax cut. The housing lobby is fighting the idea.
A new plan to help the housing market could make foreclosed homes a sought after commodity, with CNBC's Diana Olick.