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The Congressional Budget Office lowered its projection for the 2013 US deficit amid higher taxes and better-than-expected bailout repayments.
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The Congressional Budget Office lowered its projection for the 2013 US deficit amid higher taxes and better-than-expected bailout repayments.
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.160x105.jpg?v=1367504026 "Fannie Mae: From Ward of the State to Cash Cow")
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.
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Homeowners with government-backed mortgages may have a fresh shot at receiving meaningful mortgage relief, but it will likely come with strings attached, reports TheStreet.com.
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CNBC's Rick Santelli talks with Brian Battle, Performance Trust Capital Partners, about President Obama's nomination to replace the head of the FHFA.
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After the payroll tax increase, many worried that consumers would stop spending and further slow the economy. Nope. Not yet, anyway.
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CNBC's Rick Santelli talks with Anthony Sanders, The Mercatus Center, about likely candidates to run the Federal Housing Finance Agency.
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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.
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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)
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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.
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CNBC's Rick Santelli talks with Edward Pinto, American Enterprise Institute about mortgage market reform and its consequences.
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CNBC's Rick Santelli wonders whether Freddie Mac and Fannie Mae are really helping the housing market.
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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.
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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.
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While prudent borrowers are using extra cash to pay down debt, many are either forgoing the savings to shorten the term of the loan, or spending it.
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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.
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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.
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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.
