Mark Zandi, a well-known economist, is a front-runner to lead the U.S. housing regulator and oust Edward DeMarco, who critics say hasn't done enough to aid homeowners, the Wall Street Journal reported.» Read More
WASHINGTON, June 19- If U.S. bond yields continue their surprisingly steep climb in coming months and years, the shine will come off a recently brightened budget outlook as interest costs mount.
WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m. Eastern. WASHINGTON _ Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.. WASHINGTON _ National Association of Realtors releases existing home sales for May, 10 a.m..
"Demand for U.S. securities was much weaker in April," said Gennadiy Goldberg, U.S. strategist at TD Securities. China, the largest foreign U.S. creditor, slashed its holdings by $5.4 billion to $1.265 trillion. Japan sold $14 billion, leaving its total holdings at $1.114 trillion.
WASHINGTON _ National Association of Home Builders releases housing market index for June, 10 a.m. Eastern. WASHINGTON _ Labor Department releases Consumer Price Index for May, 8:30 a.m.; Commerce Department releases housing starts for May, 8:30 a.m.; Federal Reserve policymakers begin a two-day meeting to set interest rates.
WASHINGTON _ Commerce Department releases retail sales data for May, 8:30 a.m. Eastern. WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON _ Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.; Commerce Department releases business inventories for April, 10 a.m..
The Congressional Budget Office is projecting that the government ran a $139 billion deficit in May. The Treasury Department will report on the May deficit at 2 p.m. EDT Wednesday. That's down from last year's deficit of $1.09 trillion and would be a significant improvement after four straight years of $1 trillion- plus imbalances.
June 10- When Nationstar Mortgage Holdings Inc tried to buy the rights to collect payments on $122 billion of mortgage loans earlier this year, housing finance giants Fannie Mae and Freddie Mac were not happy. Fannie and Freddie shared their concerns with Nationstar and the seller of the mortgages, lender Ally Financial, the sources said.
WASHINGTON _ Commerce Department releases wholesale trade inventories for April, 10 a.m. Eastern; Labor Department releases job openings and labor turnover survey for April, 10 a.m..
WASHINGTON, June 4- The U.S. Federal Housing Administration may have tried to hide the magnitude of losses it could face under the most severe economic shock, according to a congressional committee. The House Committee on Oversight and Government Reform, chaired by Republican U.S.
WASHINGTON, June 4- Mortgage financiers Fannie Mae and Freddie Mac would be liquidated within five years and replaced by an entity offering government reinsurance for mortgage-backed debt under draft legislation from a bipartisan group of U.S. senators.
LONDON, June 4- Some call it neurological diversity, others see it as autism's fight back. A week later, U.S. home financing firm Freddie Mac advertised a second round of paid internships aimed specifically at autistic students or new graduates.
WASHINGTON, June 3- Fairholme Capital Management said on Monday that it has acquired a combined $2.4 billion stake in the preferred shares of Fannie Mae and Freddie Mac, making a long-shot bet that the government-controlled mortgage finance firms will be revived as private companies in the future.
WASHINGTON, May 30- The Obama administration on Thursday said it was extending the life of its signature foreclosure-prevention program by two years to help more struggling borrowers keep their homes.
*Bipartisan group wants to shutter Fannie Mae, Freddie Mac. WASHINGTON, May 29- A bipartisan group of U.S. senators hopes to introduce a bill in the coming weeks to overhaul the housing finance system and wind down government-run Fannie Mae and Freddie Mac, people familiar with the matter said.
NEW YORK, May 29- U.S. stocks fell on Wednesday as high-yielding dividend stocks lost some of their luster after recent gains in U.S. Johnson& Johnson, down 2.2 percent at $85.65, was the biggest drag on the S&P 500..
NEW YORK, May 29- U.S. stocks retreated from record levels on Wednesday, led lower by high-yielding dividend stocks as investors speculated on when the U.S. Shares of Johnson& Johnson, down 2.1 percent at $85.78, led declines on the index.
Citigroup reaches a settlement with the FHFA, which accused the bank of misleading Fannie Mae and Freddie Mac into buying $3.5 billion of mortgage-backed securities.
NEW YORK, May 28- Citigroup Inc has reached a settlement of lawsuit by a federal agency accusing the bank of misleading Fannie Mae and Freddie Mac into buying $3.5 billion of mortgage-backed securities, a court filing said Tuesday.
*White House budget savings claims reduced in CBO estimate. WASHINGTON, May 17- Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but would be $1.1 trillion lower over the coming decade, CBO said on Friday.
WASHINGTON, May 17- The Obama administration on Friday notified Congress it was prepared to take a series of steps to free up about $260 billion so it can keep paying the nation's bills once a temporary suspension in the government's debt ceiling lapses this weekend.