Federal National Mortgage Association
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Famous consumer advocate Ralph Nader has renewed his efforts on behalf of common shareholders of bailed-out Fannie Mae and Freddie Mac, reports TheStreet.com.
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WASHINGTON, May 9- Fannie Mae, the biggest mortgage-finance company operating under government control, on Thursday said it would pay the U.S. Treasury Department $59.4 billion in dividends during the second quarter after recognizing tax benefits it had written down.
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May 8- A federal judge ruled on Wednesday that the United States can pursue parts of a civil lawsuit against Bank of America Corp over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a largely untested legal theory the government used in the case. Bank of America had sought to dismiss the lawsuit, which seeks penalties under two laws.
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WASHINGTON, May 8- A federal judge on Wednesday said the U.S. can pursue parts of a civil lawsuit against Bank of America Corp over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a largely untested legal theory the government used in the case.
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WASHINGTON, May 8- Freddie Mac, the No. 2 provider of U.S. mortgage money, posted its second-largest quarterly profit in company history in the first quarter due to rising home prices, falling mortgage delinquencies and increased refinance activity.
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WASHINGTON, May 7- April's U.S. budget surplus was bigger than a year ago and the federal government ran a much smaller deficit in the first seven months of the current fiscal year than the previous year, the Congressional Budget Office said on Tuesday.
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WASHINGTON, May 7- April's U.S. budget surplus was bigger than a year ago and the federal government ran a much smaller deficit in the first seven months of the current fiscal year than the previous year, the Congressional Budget Office said on Tuesday.
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May 7- Mortgage finance company Fannie Mae and accounting firm KPMG have agreed to pay $153 million to settle a shareholder lawsuit filed by Ohio pension funds and others accusing the companies of issuing false and misleading financial reports, the Ohio attorney general said on Tuesday.
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May 7- Mortgage finance company Fannie Mae. and accounting firm KPMG have agreed to pay $153 million to settle a shareholder lawsuit filed by Ohio pension funds and others accusing the companies of issuing false and misleading financial reports, the Ohio attorney general said on Tuesday.
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May 7- Mortgage finance company Fannie Mae and accounting firm KPMG have agreed to pay $153 million to settle a shareholder lawsuit filed by Ohio pension funds and others accusing the companies of issuing false and misleading financial reports, the Ohio attorney general said on Tuesday.
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WOLFEBORO, New Hampshire, May 7- During the crazy days of the housing bubble in 2006, bankers created a bond called MABS 2006- FRE1. The instrument gave buyers the right to payments on the subprime housing loans of nearly 2,000 borrowers, including Stephen Monzione, a professional wedding photographer in New Hampshire.
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WASHINGTON, May 6- Banks eased lending standards to U.S. businesses over the last three months as competition intensified and loan demand advanced, the Federal Reserve said on Monday, improving odds that ultra-low interest rates will be passed on to borrowers.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
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Furthermore, this settlement eliminates all potential future liabilities from MBIA. BAC will make a cash payment of $1.6 billion to MBIA, according to the terms of the settlement as well as remitting MBIA debt back to MBIA.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp will pay $1.6 billion in cash to MBIA Inc and receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation between the companies, the bank said on Monday.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp will pay $1.6 billion in cash to MBIA Inc and receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation between the companies, the bank said on Monday.
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The sale consists of $1.0 billion of three-month bills, due Aug. 7, 2013, and $1.0 billion of six-month bills, due Nov. 6, 2013.
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WASHINGTON, May 6- Mortgage financiers Fannie Mae and Freddie Mac will limit their purchases to loans that meet a new federal definition of a "qualified mortgage" starting next year, the housing giants' regulator said on Monday.
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WASHINGTON, May 6- Mortgage financiers Fannie Mae. "Adoption of these new limitations by Fannie Mae and Freddie Mac is in keeping with FHFA's goal of gradually contracting their market footprint and protecting borrowers and taxpayers," the regulator said in a statement.
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NEW YORK, May 3- The New York and Delaware attorneys general and the U.S. housing regulator on Friday dropped their objections to Bank of America Corp's proposed $8.5 billion settlement with investors in Countrywide mortgage-backed securities, according to court filings.