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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,...

  • 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...

  • 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...

  • 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...

  • 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,...

  • 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.

  • William Ackman's Pershing Square Capital Management, which has not yet finalized monthly numbers, was off 0.60 percent for the month through Oct. 28, leaving it up 30.9 percent for the year, an investor in the private fund said. "As a group hedge funds performed very poorly in October," said Adam Blitz, chief investment officer at Evanston Capital which invests...

  • NEW YORK, Oct 29- U.S. mortgage applications to buy homes fell to their lowest level last week since February as interest rates on 30- year home loans edged up from the previous week's 16- month trough, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of loan requests for home purchases, a leading indicator...

  • NEW YORK, Oct 24- Fannie Mae has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial crisis. Fannie Mae and the smaller Freddie Mac were seized by the federal government on Sept. 7, 2008 and put into a...

  • NEW YORK, Oct 22- A federal judge has dismissed a lawsuit brought by Massachusetts Attorney General Martha Coakley that accused mortgage finance giants Fannie Mae and Freddie Mac of violating a state law meant to prevent financially troubled residents of the state from losing their homes. Filed in June, the lawsuit said Fannie and Freddie blocked a state...

  • *GE, Honeywell climb after quarterly results. NEW YORK, Oct 17- U.S. stocks extended their rebound from this month's bruising selloff on Friday, giving the S&P 500 its best day in over a week, as worries about the U.S. earnings outlook eased, but the S&P 500 still posted its fourth straight week of declines. Honeywell shares gained 4.3 percent to $90.06 after results.

  • *GE, Honeywell climb after quarterly results. The Russell 2000 index was down 0.1 percent after posting Thursday its longest streak of more than 1 percent gains since July 2012. Honeywell shares gained 5 percent to $90.66 after its quarterly results, to help send the S&P industrials sector up 2.3 percent as the best performing S&P sector.

  • *GE, Honeywell climb after quarterly results. The Russell 2000 index was down 0.3 percent after posting Thursday its longest streak of more than 1 percent gains since July 2012. Honeywell shares gained 4.3 percent to $90.07 after its quarterly results, to help send the S&P industrials sector up 2.3 percent as the best performing S&P sector.