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Federal Home Loan Mortgage Corp

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  • Freddie Mac paid $19.6 bln to U.S. Treasury in 2014 Thursday, 19 Feb 2015 | 8:26 AM ET

    WASHINGTON, Nov 6- Government-controlled mortgage finance firm Freddie Mac said on Thursday that it paid $19.6 billion to the U.S. Treasury last year and reported a drop in earnings. Freddie Mac said fourth quarter net income fell to $1.9 billion from the previous quarter, driven by a rise in dividend losses from declining long-term interest rates.

  • WASHINGTON, Feb 11- The Federal Housing Administration is not putting its finances at risk by reducing insurance fees it charges lower-income home buyers, the top U.S. housing official said on Wednesday. "Our actions maintain a careful balance between strengthening our fund and advancing our mission," Housing and Urban Development Secretary Julian Castro, who...

  • 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...

  • Getting a mortgage easier than you think: Survey Monday, 15 Sep 2014 | 9:54 AM ET

    Getting a mortgage in the U.S. may be easier than many borrowers think, according to a survey released Monday by Wells Fargo.

  • Ackman files another suit against government Saturday, 16 Aug 2014 | 1:06 PM ET
    Bill Ackman

    In the complaint, Pershing Square alleged that Treasury illegally seized tens of billions of dollars in Fannie and Freddie profits.

  • Goldman mortgage deal could reach $1.25B: Source Saturday, 26 Jul 2014 | 1:59 PM ET

    The FHFA filed 18 lawsuits against Goldman and other banks in 2011 over about $200 billion in mortgage-backed securities that later went sour.

  • Midday movers: Amazon.com, Ford Motor, URS & More Friday, 11 Jul 2014 | 1:04 PM ET
    NYSE EuroNext flag hangs outside the NYSE.

    Some of Friday's midday movers:

  • 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.

  • Bank regulators have gone too far: Dick Bove Thursday, 5 Jun 2014 | 2:43 PM ET
    Richard Bove

    There is something seriously wrong with bank regulation and litigation in the US today, says bank analyst Dick Bove.

  • Midday Movers: GM, Fannie Mae, Apple & more Tuesday, 3 Jun 2014 | 12:28 PM ET
    Traders work the floor of the New York Stock Exchange.

    Take a look at some of Tuesday's midday movers:

  • Fannie Mae, Freddie Mac hit with lawsuit Monday, 2 Jun 2014 | 3:23 PM ET

    The Massachusetts attorney general has sued Fannie Mae and Freddie Mac over alleged refusal to engage in foreclosure buyback programs.

  • Time to fully privatize mortgage-finance system Thursday, 15 May 2014 | 8:00 AM ET

    A fully private mortgage-finance system is the best way to fairly price mortgage-credit risks, says NYU Stern professor Lawrence White.