A US judge is considering an alternative that could result in Bank of America paying much less than the $863.6 million the government is seeking.
Fannie Mae sued nine banks accusing them of colluding to manipulate interest rates and seeking more than $800 million of damages.
Some stocks that investors had given up for dead are defying the norm and finding new life in the current rally.
Fairholme Capital founder Bruce Berkowitz holds a number of contrarian positions, including Fannie Mae and Freddie Mac. He expects big returns over the long term.
Regulators want to ease a rule that would require banks to share some risk in the complicated mortgage investments that helped cause the financial crisis.
U.S. federal regulators on Wednesday will unveil a reworked proposal aimed at reducing risk in the mortgage market and limiting shoddy underwriting practices.
In the 1990s, U.S. banks used life insurance to bet that their employees would eventually die. Now those wagers are coming back to haunt Wall Street banks.
In an unusual twist in the mortgage market, the difference between the cost of a conforming loan (generally $417,000 and under) and a jumbo loan has shrunk to nearly nothing.
Data from Europe and China are looking up. These figures support the thesis that the U.S. recovery is a help to China, and is even trickling down to Europe.
Freddie Mac on Wednesday said it is considering legal action against Richmond, Calif, if the city uses eminent domain to seize mortgages of local residents.
The president has entered the debate about whether Freddie Mac and Fannie Mae should be eliminated. Here's a primer on what that would mean.
Regular investors are rolling the dice on the common stock of Fannie Mae and Freddie Mac in a big way, making a risky bet.
Another major investor will be suing the government to protect its rights as a preferred shareholder in government-sponsored entities Fannie Mae and Freddie Mac.
A bipartisan group of U.S. senators on Tuesday introduced a bill to abolish Fannie Mae and Freddie Mac and replace them with a government reinsurer of mortgage securities.
Banks have been accused of foreclosing on homeowners because they failed to maintain mortgage paperwork. Now there are signs the same problem hurts mortgage bond investors too.
Take a look at some of Friday's midday movers:
Fannie Mae common shares have soared, but there may not be a happy ending for investors.
The Congressional Budget Office lowered its projection for the 2013 US deficit amid higher taxes and better-than-expected bailout repayments.
Steve Eisman, the hedge fund manager who famously bet against mortgages in the United States, has recommended investors now bet against Canada's mortgage lenders and banks.
Homeowners with government-backed mortgages may have a fresh shot at receiving meaningful mortgage relief, but it will likely come with strings attached, reports TheStreet.com.