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  • District Judge Paul Crotty to dismiss civil fraud charges brought four years ago against ex- Fannie Mae CEO Daniel Mudd. He said no evidence supported charges that Mudd understated the level of high-risk subprime mortgages that Fannie Mae held. The SEC accused Mudd of misleading Congress and investors in reports, speeches and testimony.

  • WASHINGTON, Dec 16- James Schnurr, just two months into his job as chief accountant at the U.S. Securities and Exchange Commission, stood before a packed ballroom in Washington last December and upbraided a little-known regulator. PCAOB Chairman James Doty was among those attending the annual accounting-industry gala where Schnurr spoke.

  • WASHINGTON, Dec 15- Mortgage finance companies Fannie Mae and Freddie Mac must by law do more in underserved markets, their federal conservator said on Tuesday, unveiling a proposal that would have them help finance manufactured homes, support affordable housing and strengthen lending in rural areas. Federal statute requires Fannie Mae and Freddie Mac to...

  • MOVES-Deutsche Bank names Pascal Boillat as CIO Tuesday, 15 Dec 2015 | 7:13 AM ET

    Dec 15- Germany's largest lender Deutsche Bank AG named Pascal Boillat as chief information officer and head of operations, corporate& investment banking team. Boillat, who will join Germany's flagship lender from Feb. 1, will report to Kim Hammonds. Boillat will join from Fannie Mae in Washington, where is the head of operations and technology for the U.S....

  • *Volatility expected when funds dive into repo market. NEW YORK, Dec 11- After more than two years of daily testing and regular meetings with Wall Street traders and investors, the Federal Reserve's market specialists are still not sure how smoothly they will be able to lift interest rates after seven years at zero. Now, after years of monetary stimulus and zero...

  • NEW YORK, Dec 2- Quicken Loans, the third biggest mortgage lender in the U.S., is considering backing away from a government program that provided critical support to the housing market during the financial crisis, the latest in an exodus of big lenders from the program. The departure of the biggest lenders from the U.S. Federal Housing Administration program,...

  • BOSTON/ NEW YORK, Oct 22- A failure by Washington leaders to raise the federal debt ceiling by next month could test whether new regulations have made money market mutual funds more robust. Now Republicans in the U.S. Congress are once again resisting requests to raise the federal debt ceiling, leading to concerns the U.S. Treasury Department might not have enough...

  • Oct 19- The timeline for a joint mortgage bond program of government-sponsored enterprises Fannie Mae and Freddie Mac is expected to be announced in 2016, the head of the regulator that oversees the two agencies said on Monday. In the program's first stage, or Release 1, the CSP will begin issuing and administering only Freddie Mac's securities.

  • Oct 19- The first stage of a joint mortgage bond program of government-sponsored enterprises Fannie Mae and Freddie Mac is expected to launch in 2016, the head of the regulator that oversees the two agencies said on Monday. In the program's first stage, or Release 1, the CSP will begin issuing and administering Freddie Mac's securities. Right now, Fannie Mae and...

  • LOS ANGELES, Oct 19- Lenders are no longer just interested in whether you pay your bills or not. Separating transactors from revolvers has become "the hot credit report attribute du jour" for lenders and researchers, said credit expert John Ulzheimer, who has worked for credit scoring company FICO and credit bureau Equifax. Lenders are constantly looking for...

  • But complaints from a growing number of homeowners, lenders and realtors in California suggest the financing is making homes more difficult to sell and disrupting the mortgage market. More than 50,000 California households have signed up for Property Assessed Clean Energy financing since state legislators passed a law in 2008 allowing residents to...

  • Former Chief Risk Officer Enrico Dallavecchia and former Executive Vice President Thomas Lund will pay $25,000 and $10,000 respectively to settle charges that they helped conceal Fannie Mae's exposure to more than $100 billion of subprime and $341 billion of low-documentation "Alt-A" home loans. Both denied wrongdoing and agreed to cooperate with the SEC...

  • Both denied wrongdoing and agreed to cooperate with the SEC in its case against Mudd, which could increase pressure on him to settle. The SEC said that case could last another year. Monday's settlement means the SEC has been unable to extract major penalties against five of the six former top executives it sued at Fannie Mae and Freddie Mac.

  • NEW YORK, Sept 4- Nomura Holdings Inc and Royal Bank of Scotland Group Plc have agreed to pay up to $33 million on top of $806 million that a U.S. judge ordered them to pay for making false statements in selling mortgage-backed securities. The agreement with the Federal Housing Finance Agency was disclosed in court papers filed on Friday in Manhattan federal court...

  • NEW YORK, Aug 31- M&T Bank Corp agreed to upgrade its mortgage lending policies to settle a lawsuit by a nonprofit group that accused the large mid-Atlantic lender of discriminatory mortgage lending practices in New York City. District Judge Katherine Forrest in Manhattan. M&T was accused of encouraging non-white testers to buy homes in lower-income or "...

  • Aug 24- Royal Bank of Scotland Group Plc has lost a bid to escape a U.S. regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying $32 billion of mortgage-backed securities ahead of the financial crisis. The case against RBS is the biggest and last of 18 lawsuits the FHFA filed in 2011 over about $200 billion in mortgage-backed...

  • WASHINGTON, Aug 19- The regulator for U.S. housing finance giants Fannie Mae and Freddie Mac told the two firms on Wednesday to provide more support to low-income Americans taking out mortgages and refinancing home loans. The rules direct Fannie Mae and Freddie Mac to expand the number of loans they back for low-income families to 24 percent of the their...

  • Another Fannie Freddie bailout? No way: Dick Bove Monday, 23 Mar 2015 | 10:09 AM ET
    Dick Bove

    The buzz about another possible bailout of Fannie Mae and Freddie Mac doesn't make any sense, says Dick Bove. Here's why.

  • A 'Goldilocks economy' for commercial real estate Thursday, 5 Mar 2015 | 12:53 PM ET
    Goldilocks and the three bears

    This is a "Goldilocks economy" for commercial real estate — not too cold, not too hot, but just right, says Colliers economist Andrew J. Nelson.

  • There's a new mortgage crisis brewing: Dick Bove Monday, 23 Feb 2015 | 12:09 PM ET
    Richard Bove of Rafferty Capital Markets.

    There's a new mortgage crisis brewing — only this one is completely different than the one in 2008, says bank analyst Dick Bove.