Goldman said it would repurchase the securities sold to Fannie Mae and Freddie Mac over the 2005-2007 period.» Read More
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.
There is something seriously wrong with bank regulation and litigation in the US today, says bank analyst Dick Bove.
Take a look at some of Tuesday's midday movers:
The Massachusetts attorney general has sued Fannie Mae and Freddie Mac over alleged refusal to engage in foreclosure buyback programs.
A fully private mortgage-finance system is the best way to fairly price mortgage-credit risks, says NYU Stern professor Lawrence White.
The vote had been delayed in order to build support for the plan that would wind down taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac.
Regulations on big banks have created a vacuum into which alert entrepreneurs have established commanding positions, says bank analyst Dick Bove.
The current housing finance system is likely to be with us until after the 2014 midterm elections and probably well beyond.
Hedge funds and other groups are spreading bad information about the reform of Fannie and Freddie, says the Mortgage Bankers Association president.
Dick Bove says there are a few issues that should be addressed before we jump on Michael Lewis’s bandwagon and call the market “rigged.”
Take a look at some of Friday's midday movers:
Take a look at some of Monday's midday movers:
Activist investor Bill Ackman is boosting his stake in both Fannie Mae and Freddie Mac to more than 11 percent in each.
If Fannie and Freddie are allowed to die, it will crush home prices — and hurt the economy, says bank analyst Dick Bove.
Some of Wednesday's midday movers:
The parabolic moves of companies such as Plug Power make CNBC's Jim Cramer uneasy about the health of the five-year bull market.
Stocks declined on Tuesday as news from China hit commodity prices..
The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.