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Federal Home Loan Mortgage Corp

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  • WASHINGTON, Feb 4- The top U.S. regulator of Fannie Mae and Freddie Mac on Wednesday played down the likelihood of reducing the loan size of homeowners still under water, saying such a move would also have to be a "win" for taxpayers. Any program to help those whose mortgage loan balance is more than their house is worth would be "substantially narrower" than a lot of...

  • U.S. housing regulator downbeat on principal reductions Wednesday, 4 Feb 2015 | 12:00 PM ET

    WASHINGTON, Feb 4- The top U.S. regulator of Fannie Mae and Freddie Mac on Wednesday played down the likelihood of reducing the size of loans of homeowners still under water, saying such a move would also have to be a win for taxpayers. Federal Housing Finance Agency director Mel Watt, a former 20- year Democratic Congressman who has been at the helm of the agency for...

  • NEW YORK, Feb 3- A federal judge on Tuesday rejected Bank of America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before the financial crisis, which led to a $1.27 billion civil penalty. He also rejected Bank of America's alternative request for a new trial. The U.S. Department of Justice had...

  • And the next likely regional Fed presidents are... Sunday, 1 Feb 2015 | 3:36 AM ET
    Matthew Rutherford, assistant secretary for financial markets at the U.S. Treasury

    A U.S. Treasury official and a director at the New York Federal Reserve are among those who have been considered to replace two hawkish Fed policymakers, according to people familiar with the searches.

  • Final decisions are not imminent in the efforts to find successors to Philadelphia Fed President Charles Plosser, who steps down March 1, and Richard Fisher of the Dallas Fed, who retires on March 19. James McAndrews, who heads up research at the neighboring New York Fed, was considered for the job in Philadelphia, where he once worked. Regular golfing partners,...

  • WASHINGTON, Jan 27- The top U.S. housing regulator on Tuesday said his agency would make a decision by the end of this quarter on fees Fannie Mae and Freddie Mac charge lenders for guaranteeing mortgages. The mortgage industry has been awaiting a final decision by Federal Housing Finance Agency Director Mel Watt. Speaking before his former colleagues on the...

  • BOSTON, Jan 16- Eric Mindich's $8.5 billion hedge fund, Eton Park Capital Management, is now ready to pick through the debt of beaten-up energy companies, an area it avoided last year as the price of oil tumbled. Eton Park dropped mortgage companies Fannie Mae and Freddie Mac with a big profit before a U.S. judge threw out a lawsuit filed by shareholders to prevent the...

  • WASHINGTON, Jan 14- Fannie Mae and Freddie Mac's regulator hinted on Wednesday that credit standards could be eased when it laid out the 2015 goals for U.S. mortgage companies. It also called on Fannie Mae and Freddie Mac to provide clarity on what is expected from mortgage loan servicers and to "enhance eligibility standards." Under Watt's leadership, the FHFA...

  • WASHINGTON, Jan 7- The Federal Housing Administration will reduce annual mortgage insurance premiums by 0.5 percentage point to 0.85 percent from 1.35 percent, the White House said on Wednesday. In a statement, the White House said the move was part of President Obama' s efforts "to expand responsible lending to creditworthy borrowers." The administration also...

  • The part-nationalised bank, which had set aside 1.9 billion pounds to deal with the claims, could be asked by the Federal Housing Finance Agency to pay settlements of more than 5 billion pounds over the sale of about $32 billion of mortgage-backed debt in the United States, the report said. The federal court in Connecticut is handling a second case which...

  • LONDON, Jan 2- Royal Bank of Scotland could have to pay higher than expected fines to cover the cost of involvement in the mis-selling of U.S. mortgage-backed securities, The Times reported on Friday, pushing RBS shares lower. The part-nationalised bank, which had set aside 1.9 billion pounds to deal with the claims, could be asked by the Federal Housing Finance...

  • Dec 23- Mortgage insurer Radian Group Inc said it would sell its bond guaranty business to Assured Guaranty Ltd for $810 million to focus on mortgages and real estate and comply with proposed changes to rules governing private mortgage insurers. The U.S. Federal Housing Finance Agency has proposed rules to tighten capital requirements for private insurers...

  • 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...