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Federal Home Loan Mortgage Corp

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  • Dec 17- A former executive of Countrywide Financial, who led a jury to find parent company Bank of America Corp liable for fraud over shoddy mortgages the company sold, will receive a $57 million award for another whistleblower case against his former employer, according to federal court documents. Bank of America acquired Countrywide for $4 billion in 2008,...

  • Business events scheduled for Thursday Wednesday, 17 Dec 2014 | 1:38 PM ET

    WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Mortgage company Freddie Mac releases weekly mortgage rates, 10 a.m.. WASHINGTON— Conference Board releases leading indicators for November, 10 a.m..

  • WASHINGTON, Dec 16- America's government-controlled mortgage finance giants, Fannie Mae and Freddie Mac, will likely guarantee a shrinking share of new loans over the next decade, congressional analysts said on Tuesday. During the 2007-09 financial crisis, it was almost impossible for home buyers to get a loan without a government guarantee, and Fannie Mae and...

  • Memories of financial crisis fading as risks rise Monday, 15 Dec 2014 | 1:20 PM ET

    —Congress acted to loosen the regulation of the high-risk investments that ignited the 2008 crisis. —The Institute of International Finance declared it "worrisome" that global indebtedness, as a share of world economic output, has reached record levels. "We're on a very dangerous trajectory," said Simon Johnson, professor of global economics at the Massachusetts...

  • Business events scheduled for the coming week Friday, 12 Dec 2014 | 1:51 PM ET

    WASHINGTON— Commerce Department releases housing starts for November, 8:30 a.m.; Federal Reserve policymakers begin a two-day meeting to set interest rates. WASHINGTON— Labor Department releases Consumer Price Index for November, 8:30 a.m.; Commerce Department releases current account trade deficit for the third quarter, 8:30 a.m.; Federal Reserve...

  • RPT-BUSINESS-NEWS-SCHEDULE AT 1930 GMT /2:30 PM ET Thursday, 11 Dec 2014 | 4:11 PM ET

    Editor: Steve Orlofsky+ 1 646 223 6200. WASHINGTON- U.S. consumer spending advanced at a brisk clip in November as lower gasoline prices gave the holiday shopping season a boost, offering the latest sign of underlying momentum in the economy. WASHINGTON- Jack Reed, a Mississippi clothing retailer, says the economic recovery is taking hold for his family business as...

  • Average US 30-year loan rate rises to 3.93 percent Thursday, 11 Dec 2014 | 10:19 AM ET

    WASHINGTON— Average U.S. long-term mortgage rates edged higher this week after four weeks of declines, but they remained at historically low levels that could entice potential homebuyers. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30- year mortgage rose to 3.93 percent this week from 3.89 percent last week.

  • WASHINGTON, Dec 11- Fannie Mae and Freddie Mac's regulator on Thursday directed the two government-controlled mortgage firms to begin setting aside money for an affordable-housing fund established in 2008, saying they were now financially fit enough to do so. The "allocation would not contribute to the financial instability" of the mortgage firms, Federal...

  • Why areas with good jobs have hard-to-afford homes Tuesday, 9 Dec 2014 | 11:17 AM ET

    College graduates and younger families have been clustering in coastal cities such as New York, San Francisco and Seattle, where incomes are generally ample and solid middle-class jobs plentiful. Roughly 40 percent of households in New York, San Francisco, Seattle, parts of Connecticut and Colorado, and Washington, D.C., earn more than $100,000 annually,...

  • More Americans to buy homes with 3 percent down Monday, 8 Dec 2014 | 12:01 PM ET

    WASHINGTON— Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say. The new lending guidelines announced by the companies Monday are designed to help more low-income and first-time buyers afford homes. "These underwriting guidelines...

  • WASHINGTON, Dec 8- The two top U.S. mortgage finance firms on Monday launched programs to allow more borrowers to make downpayments as low as 3 percent of a property's value, but with tighter lending standards aimed at keeping default rates low. Fannie Mae and Freddie Mac have been under U.S. government control since 2008, when a surge in U.S. mortgage defaults was...

  • WASHINGTON, Dec 4- The Obama administration said on Thursday it would be irresponsible to end government stewardship of the country's biggest mortgage finance firms without legislation from Congress. The comments from a senior Treasury Department official knocked down speculation the administration could eventually release housing finance giants...

  • WASHINGTON, Dec 4- The Obama administration said on Thursday it would be irresponsible to end government stewardship of the country's biggest mortgage finance firms without legislation from Congress. "The only way to responsibly end the conservatorship is through legislation," Michael Stegman, the Treasury Department's top official for housing policy,...

  • Average US 30-year loan rate falls to 3.89 percent Thursday, 4 Dec 2014 | 10:14 AM ET

    WASHINGTON— Average U.S. long-term mortgage rates fell for the fourth straight week, a continuing boon for potential homebuyers. Mortgage company Freddie Mac said Thursday the nationwide average for a 30- year mortgage declined to 3.89 percent this week from 3.97 percent last week. Rates have fallen in recent weeks amid economic slowdowns in Europe and China,...

  • BOSTON, Nov 26- Hedge fund mogul William Ackman told investors they could see a $6 billion payday when he closes the chapter on Allergan Inc., his firm's biggest bet of 2014.. One week after Allergan agreed to sell itself to rival Actavis Plc., Ackman wrote in his quarterly investment letter that his Pershing Square Capital Management, the Botox-maker's biggest...

  • WASHINGTON, Nov 25- Americans who lost their homes to foreclosure will be able to buy them back at current market value if the properties are owned by housing finance giants Fannie Mae and Freddie Mac, the regulator of the two firms said on Tuesday. The FHFA said the new rule applies to about 121,000 properties currently owned by Fannie Mae and Freddie Mac, which...

  • WASHINGTON, Nov 19- The top U.S. housing finance regulator said on Wednesday his agency would unveil a new framework in early 2015 for how government-controlled Fannie Mae and Freddie Mac will set mortgage guarantee fees. Watt also said Fannie Mae and Freddie Mac, which guarantee most of the nation's mortgages, will release in early December details of the extra...

  • Nov 6- Government-controlled mortgage finance firms Fannie Mae and Freddie Mac said on Thursday they will pay U.S. taxpayers $6.8 billion after reporting a third-quarter profits that modestly rose from the second quarter. Fannie Mae, the bigger of the two and the nation's largest source of mortgage funds, earned a net income of $3.9 billion in the third quarter,...

  • Nov 6- Fannie Mae and Freddie Mac said on Thursday that they would pay dividends totaling $6.8 billion to the U.S. Treasury next month, pushing taxpayers further into the black on their bailout of the mortgage financiers. After the payments, the companies will have sent a combined $225.5 billion in dividends to the Treasury in return for the $187.5 billion in...

  • Nov 6- Government-controlled mortgage finance firm Fannie Mae said on Thursday it will pay U.S. taxpayers $4.0 billion after reporting a quarterly profit that modestly rose from the second quarter. Fannie Mae does not lend money directly, nor does rival financing firm Freddie Mac. Fannie Mae's dividend to the U.S.