As banks that comply with Islamic law are making inroads into the global banking scene, Western businesses are working to meet their expectations.» Read More
Rising rates, in addition to tighter underwriting and fast-rising home prices, have pushed borrowers away from larger lenders.
A US judge is considering an alternative that could result in Bank of America paying much less than the $863.6 million the government is seeking.
The use of eminent domain to halt foreclosures is still only a threat, and rather than helping the housing market, it may cause damage.
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.
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.
Regulators want to ease a rule that would require banks to share some risk in the complicated mortgage investments that helped cause the financial crisis.
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.