Goldman said it would repurchase the securities sold to Fannie Mae and Freddie Mac over the 2005-2007 period.» Read More
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.
Oct 17- Fannie Mae and Freddie Mac, their regulator and lenders are close to an agreement that could expand mortgage credit while helping lenders protect themselves from charges of making bad loans, the Wall Street Journal reported. Fannie Mae and Freddie Mac have recouped tens of billions of dollars in penalties from lenders in recent years over claims that...
NEW YORK, Oct 14- Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets. The two big...
BOSTON, Oct 6- Sahm Adrangi, who runs small hedge fund Kerrisdale Capital, told Wall Street on Monday he believes satellite communications company Globalstar Inc's business is worthless, sending its stock tumbling roughly 25 percent. Renting out the same mid-town Manhattan auditorium where prominent activist investor William Ackman has unveiled some of...
Oct 1- Shares of government-controlled Fannie Mae and Freddie Mac plummeted on Wednesday, the day after a judge upheld the U.S. The dismissal of the lawsuit dealt a blow to investors hoping to benefit now that Fannie Mae and Freddie Mac, the two largest sources of U.S. housing finance, are profitable.
Oct 1- Shares of Fannie Mae and Freddie Mac plummeted on Wednesday, the day after a judge upheld the U.S. The over-the-counter common shares of both companies were down by more than a quarter, with Fannie Mae sliding 27 percent to $1.96 and Freddie Mac dropping 26 percent to $1.96.
Oct 1- Shares of mortgage finance companies Fannie Mae and Freddie Mac slumped on Wednesday, after a judge threw out a lawsuit brought by investors in the companies to stop the government from making the companies pay a quarterly dividend to the U.S.
Getting a mortgage in the U.S. may be easier than many borrowers think, according to a survey released Monday by Wells Fargo.
NEW YORK, Sept 15- Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo& Co, the largest U.S. mortgage lender. Even if mortgage credit is hard to come by, there is demand for homes: more than two out of three respondents in Wells Fargo's survey said it was a good time to buy.
NEW YORK, Sept 12- HSBC Holdings Plc is expected to pay $550 million to resolve a U.S. regulator's claims the bank made false representations in selling mortgage bonds to Fannie Mae and Freddie Mac before the financial crisis, a person familiar with the matter said Friday.
WASHINGTON, Aug 29- The regulator for U.S. housing finance giants Fannie Mae and Freddie Mac.
WASHINGTON, Aug 29- The regulator for U.S. housing finance giants Fannie Mae and Freddie Mac said on Friday it wants the two firms to provide more support to low-income Americans taking out mortgages and refinancing their loans. The Federal Housing Finance Agency said the proposed increase was part of its goals for housing finance between 2015 and 2017..
NEW YORK, Aug 28- Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty.
NEW YORK, Aug 28- A U.S. regulator can proceed with lawsuits accusing HSBC Holdings Plc and Nomura Holdings Inc of misleading Fannie Mae and Freddie Mac into buying mortgage-backed securities that later turned toxic, a federal judge ruled on Thursday.
Aug 22- Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.