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Federal Home Loan Mortgage Corp

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  • WASHINGTON, July 17- U.S. housing finance companies Fannie Mae and Freddie Mac are making riskier deals as they increasingly purchase mortgages from smaller lenders, a federal watchdog said on Thursday.

  • **September 2012: Agrees to pay $2.43 billion to settle claims it hid crucial information from shareholders when it bought investment bank Merrill Lynch& Co at the height of the financial crisis.

  • NEW YORK, July 15- JPMorgan Chase& Co, the second-largest U.S. mortgage lender, is backing away from making home loans to less creditworthy borrowers after losing faith in its ability to recover much money from foreclosing on homes, even with government guarantees.

  • WASHINGTON, July 14- Citigroup Inc has agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis, in a deal that includes the largest civil fraud penalty ever levied by the U.S. Justice Department.

  • July 14- Citigroup Inc has agreed to pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold in the run-up to the financial crisis, including the largest civil fraud penalty ever levied by the U.S. Justice Department.

  • Bank of America has discussed paying about $12 billion to settle the probes, including a portion to help struggling homeowners, while the Justice Department had suggested a $17 billion settlement, sources said.

  • WASHINGTON, July 9- The U.S. Senate on Wednesday confirmed Julian Castro to lead the Department of Housing and Urban Development, placing the San Antonio, Texas mayor at the top of the agency in charge of housing during a sluggish recovery in the sector.

  • July 3- SunTrust Banks Inc, a large U.S. southeast regional bank, will pay as much as $320 million to resolve a criminal probe into its mortgage unit's mismanagement of a federal program designed to help struggling homeowners avoid foreclosure during the recession.

  • NEW YORK, July 1- HSBC Holdings Plc agreed to pay $10 million to settle U.S. government charges that it defrauded taxpayers by submitting inflated bills to process residential foreclosures.

  • NEW YORK, July 1- HSBC Holdings Plc has agreed to pay $10 million to settle U.S. civil fraud claims over foreclosure-related charges it submitted to the government, federal prosecutors said on Tuesday.

  • WASHINGTON, June 26- The Obama administration said on Thursday it would tap Treasury funds to bolster the construction of affordable rental housing and extend the life of a program aimed at helping homeowners avoid foreclosure.

  • WASHINGTON, June 26- The Obama administration on Thursday said it would tap Treasury funds to bolster the construction of affordable rental housing and extend the life of a program aimed at helping struggling homeowners avoid foreclosure.

  • WASHINGTON, June 25- A U.S. Senate panel on Wednesday approved San Antonio Mayor Julian Castro to lead the Department of Housing and Urban Development, clearing the way for a final vote in the full Senate.

  • WASHINGTON, June 25- A U.S. Senate panel on Wednesday approved San Antonio Mayor Julian Castro to lead the Department of Housing and Urban Development, clearing the way for a final vote in the full Senate.

  • June 19- Royal Bank of Scotland Group Plc agreed on Thursday to pay $99.5 million to resolve a U.S. regulator's claims against the bank over Freddie Mac's purchase between 2005 and 2007 of mortgage-backed securities that later went sour.

  • RBS to pay $99.5 mln, settle some FHFA mortgage claims Thursday, 19 Jun 2014 | 4:47 PM ET

    June 19- Royal Bank of Scotland Group Plc agreed on Thursday to pay $99.5 million to resolve a U.S. regulator's claims against the bank in litigation contending that Freddie Mac bought mortgage-backed securities that later went sour.

  • WASHINGTON, June 17- President Barack Obama's nominee to lead the Department of Housing and Urban Development, Julian Castro, urged lawmakers on Tuesday to move forward with efforts to shutter Fannie Mae and Freddie Mac, saying the current housing finance system is not serving Americans well.

  • WASHINGTON, June 13- A senior U.S. Treasury official on Friday rejected proposals to recapitalize Fannie Mae and Freddie Mac, saying it would take at least 20 years to make sure they were adequately funded and that in the meantime taxpayers would be on the hook.

  • WASHINGTON, June 11- The sudden primary defeat of U.S. House of Representatives Majority Leader Eric Cantor not only paves the way for a new party leader- it could also open the door for a new chairman of the House Financial Services Committee.

  • Kudlow: What I like & don't like about David Brat Wednesday, 11 Jun 2014 | 4:55 PM ET
    Dave Brat speaks to supporters after defeating Republican Congressman Eric Cantor in Tuesday's Republican primary for the 7th Congressional District in Virginia, Tuesday, June 10, 2014.

    In some ways, David Brat is Larry Kudlow's kinda guy. But, not in all ways. Here's Larry's take on the guy who upset Eric Cantor in the GOP primary.