GO
Loading...

Federal National Mortgage Association

More

  • 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...

  • The changes center on the Federal Housing Administration and mortgage giants Fannie Mae and Freddie Mac. That followed an announcement last month that Fannie Mae and Freddie Mac, which buy home loans from lenders and then package them as securities to be sold to investors, would be adopting new guidelines on down payments. "These combined actions between the...

  • WASHINGTON— The federal deficit for the first three months of the budget year is up slightly from the same period a year ago, reflecting the absence of a special payment from mortgage company Freddie Mac that helped narrow the gap in 2014.. Both Freddie Mac and Fannie Mae are still making quarterly payments to the government, even though the payments from both...

  • Ahead of the Bell: US budget deficit Tuesday, 13 Jan 2015 | 6:28 AM ET

    WASHINGTON— The Treasury Department releases federal budget data for December. CBO is forecasting that tax revenues will be higher than a year ago but they are also forecasting an increase in spending in such areas as Medicare, Medicaid and Social Security benefits. Congress in December approved a $1.1 trillion spending bill that will fund most of the...

  • 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...

  • WASHINGTON, Nov 25- Americans who lost their homes to foreclosure will be able to buy them back at current market value if the properties are owned by housing finance giants Fannie Mae and Freddie Mac, the regulator of the two firms said on Tuesday. The FHFA said the new rule applies to about 121,000 properties currently owned by Fannie Mae and Freddie Mac, which...

  • WASHINGTON, Nov 19- The top U.S. housing finance regulator said on Wednesday his agency would unveil a new framework in early 2015 for how government-controlled Fannie Mae and Freddie Mac will set mortgage guarantee fees. Watt also said Fannie Mae and Freddie Mac, which guarantee most of the nation's mortgages, will release in early December details of the extra...

  • NEW YORK, Nov 17- Any changes the Federal Reserve makes to its vast portfolio of bonds in the coming years is likely to have a bigger impact on U.S. financial and housing markets than any interest rate hike the U.S. central bank may make in 2015, Fannie Mae chief economist Doug Duncan said on Monday. The Fed's balance sheet stands at $4.22 trillion, including $2.46...