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WASHINGTON, Jan 22- The Obama administration on Wednesday argued against expanding a program that allows some borrowers with Fannie Mae and Freddie Mac loans to lower their interest rates even if they owe more than their homes are worth.
WASHINGTON, Jan 14- A U.S. government watchdog is involved in an investigation of whether bank traders manipulated markets and engaged in front running of orders from Fannie Mae and Freddie Mac in the interest-rate swaps market, according to an FBI intelligence bulletin reviewed by Reuters.
Jan 13- Wall Street traders may be manipulating a key derivatives market and front running Fannie Mae and Freddie Mac, hurting the US-owned mortgage giants in the process, according to an FBI intelligence bulletin reviewed by Reuters.
NEW YORK, Jan 2- Deutsche Bank AG has settled a U.S. lawsuit in which shareholders accused it of misrepresenting its ability to handle risks associated with mortgage debt prior to the 2008 financial crisis. The settlement in principle was disclosed in a filing on Thursday by Deutsche Bank's lawyers in the U.S. District Court in Manhattan.
WASHINGTON, Dec 31- Investors searching for higher yields from rock-solid investments were put on hold again last week by the Federal Reserve, which pledged to keep interest rates low even as it scales back its extraordinary monetary easing.
Wells Fargo will pay a net $541 million to Fannie Mae to settle claims over defective home loans.
Dec 30- Wells Fargo& Co will pay a net $541 million to Fannie Mae to settle claims over defective home loans, completing the government-controlled mortgage company's efforts to have banks buy back troubled loans made before the financial crisis.
LONDON, Dec 24- U.S. and European regulators fined banks record amounts this year, imposing penalties and settlements of more than $43 billion as authorities work more closely across borders to clean up the financial sector.
The North Carolina Democrat was nominated by President Barack Obama in May and confirmed on Dec. 10 by the Senate to head the agency that oversees Fannie Mae and Freddie Mac.
The Senate on Friday voted to confirm John Koskinen as the new head of the Internal Revenue Service.
FRANKFURT/ NEW YORK, Dec 20- Deutsche Bank said on Friday it will pay $1.9 billion to settle claims that it defrauded two U.S. government-controlled companies in the sale of mortgage-backed securities before the 2008 financial crisis.
MIAMI, Dec 19- Miami has sued Bank of America, Wells Fargo and Citibank in U.S. federal court in Florida, for discriminatory mortgage lending practices against minority residents that resulted in a rash of foreclosures, the city said on Thursday.
WASHINGTON, Dec 19- U.S. home resales fell sharply in November to their lowest level in nearly a year, hurt by a rise in interest rates since the spring and ongoing price increases that have shut some home buyers out of the market.
Fannie Mae and Freddie Mac, the two taxpayer-owned mortgage finance companies, will increase their guarantee fees in 2014 as part of an effort to reduce their presence in the mortgage market. The Federal Housing Finance Agency announced the policy last week, and Fannie Mae and Freddie Mac laid out the specifics of how the new fees would work late on Monday.
The regulator for taxpayer-owned Fannie Mae and Freddie Mac unveiled a plan in which the two mortgage finance giants would have to gradually reduce the maximum size of U.S. home loans they can buy.
The regulator for taxpayer-owned Fannie Mae and Freddie Mac unveiled a plan in which the two mortgage finance giants would gradually reduce the maximum size of U.S. home loans they buy.
WASHINGTON, Dec 11- The top Republican on the U.S. Senate's tax-writing panel on Wednesday endorsed President Barack Obama's nominee to be the next chief of the Internal Revenue Service, smoothing the path for what will likely be a prompt Senate confirmation.
*Watt will replace FHFA Acting Director Edward DeMarco. WASHINGTON, Dec 10- The U.S. Senate on Tuesday confirmed Representative Mel Watt to lead the agency that regulates taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac, providing greater leeway for the Obama administration's mortgage aid initiatives.
WASHINGTON, Dec 10- The U.S. Senate on Tuesday confirmed Representative Mel Watt to lead the agency that regulates taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac, providing greater leeway for the Obama's administration's mortgage aid initiatives. The Senate voted 57-41 to confirm Watt as the regulator of the Federal Housing Finance Agency.
*Tax-exemption scandal, Obamacare top IRS agenda. WASHINGTON, Dec 9- President Barack Obama's choice for U.S. tax commissioner, a multimillionaire with a reputation for troubleshooting, appears headed for confirmation, but on Tuesday will first face some tough questioning in Congress.