Federal Home Loan Mortgage Corp
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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.
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WASHINGTON, May 7- April's U.S. budget surplus was bigger than a year ago and the federal government ran a much smaller deficit in the first seven months of the current fiscal year than the previous year, the Congressional Budget Office said on Tuesday.
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WASHINGTON, May 7- April's U.S. budget surplus was bigger than a year ago and the federal government ran a much smaller deficit in the first seven months of the current fiscal year than the previous year, the Congressional Budget Office said on Tuesday.
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WOLFEBORO, New Hampshire, May 7- During the crazy days of the housing bubble in 2006, bankers created a bond called MABS 2006- FRE1. The instrument gave buyers the right to payments on the subprime housing loans of nearly 2,000 borrowers, including Stephen Monzione, a professional wedding photographer in New Hampshire.
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WASHINGTON, May 6- Banks eased lending standards to U.S. businesses over the last three months as competition intensified and loan demand advanced, the Federal Reserve said on Monday, improving odds that ultra-low interest rates will be passed on to borrowers.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp will pay $1.6 billion in cash to MBIA Inc and receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation between the companies, the bank said on Monday.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp will pay $1.6 billion in cash to MBIA Inc and receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation between the companies, the bank said on Monday.
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May 6- Freddie Mac, the No. 2 U.S. home funding company, on Monday said it sold $3.0 billion of reference bills at mixed rates and stronger demand compared with the most recent sales of similar maturities and comparable amounts.
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May 6- Freddie Mac, the No. 2 U.S. home funding company, said it will sell $3.0 billion of reference bills on Monday. Freddie Mac said it plans to sell $1.5 billion of three-month bills due Aug. 5, 2013 and $1.5 billion six-month bills, due Nov. 4, 2013. Bids will be accepted from authorized dealers until 9:45 a.m. EDT.
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WASHINGTON, May 6- Mortgage financiers Fannie Mae and Freddie Mac will limit their purchases to loans that meet a new federal definition of a "qualified mortgage" starting next year, the housing giants' regulator said on Monday.
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WASHINGTON, May 6- Mortgage financiers Fannie Mae. "Adoption of these new limitations by Fannie Mae and Freddie Mac is in keeping with FHFA's goal of gradually contracting their market footprint and protecting borrowers and taxpayers," the regulator said in a statement.
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NEW YORK, May 3- The New York and Delaware attorneys general and the U.S. housing regulator on Friday dropped their objections to Bank of America Corp's proposed $8.5 billion settlement with investors in Countrywide mortgage-backed securities, according to court filings.
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NEW YORK, May 3- The New York and Delaware attorneys general and the U.S. housing regulator on Friday dropped their objections to Bank of America Corp's proposed $8.5 billion settlement with investors in Countrywide mortgage-backed securities, according to court filings.
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NEW YORK, May 3- The Federal Housing Finance Agency on Friday withdrew its conditional objection to Bank of America Corp's proposed $8.5 billion settlement with investors in Countrywide mortgage-backed securities. Countrywide was acquired by Bank of America in 2008..
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NEW YORK, May 2- Foreign central banks' overall holdings of U.S. marketable securities at the Federal Reserve fell in the latest week, data from the U.S. central bank showed on Thursday. The Fed said its holdings of U.S. securities kept for overseas central banks fell $6.5 billion in the week ended May 1, to stand at $3.3 trillion.
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The Fed's balance sheet- a broad gauge of its lending to the financial system- stood at $3.274 trillion on May 1, down from $3.276 trillion on April 24. The Fed's ownership of mortgage bonds guaranteed by Fannie Mae, Freddie Mac and the Government National Mortgage Association fell to $1.122 trillion from $1.136 trillion the previous week.
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NEW YORK, May 2- The U.S. Federal Reserve bought $15.1 billion of agency mortgage-backed securities from April 25 through May 1, matching the amount it purchased last week, the New York Federal Reserve Bank said on Thursday.
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President Barack Obama on Wednesday nominated a veteran Democratic congressman to oversee mortgage financiers Fannie Mae and Freddie Mac, a choice that could set up a contentious political debate over housing policy.
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President Barack Obama on Wednesday nominated a veteran Democratic congressman to oversee mortgage financiers Fannie Mae and Freddie Mac, a choice that could set up a contentious political debate over housing policy.