Goldman said it would repurchase the securities sold to Fannie Mae and Freddie Mac over the 2005-2007 period.» Read More
WASHINGTON, June 11- The sudden primary defeat of U.S. House of Representatives Majority Leader Eric Cantor not only paves the way for a new party leader- it could also open the door for a new chairman of the House Financial Services Committee.
There is something seriously wrong with bank regulation and litigation in the US today, says bank analyst Dick Bove.
NEW YORK, June 3- Activist investor Carl Icahn acquired about $51 million in the common shares of mortgage financiers Fannie Mae and Freddie Mac from mutual fund manager Fairholme Funds Inc in March, a court filing showed on Tuesday.
Take a look at some of Tuesday's midday movers:
NEW YORK, June 3- Activist investor Carl Icahn acquired 6.8 million common shares of Fannie Mae and 5.7 million common shares of Freddie Mac from Fairholme Funds, a court filing showed Tuesday. As of March 31, Fairholme owned a 1.65 percent stake in Fannie Mae and a 2.64 percent stake in Freddie Mac, according to Thomson Reuters data.
The Massachusetts attorney general has sued Fannie Mae and Freddie Mac over alleged refusal to engage in foreclosure buyback programs.
BOSTON, June 2- Massachusetts on Monday filed a lawsuit against mortgage finance giants Fannie Mae and Freddie Mac, accusing them of violating state law by blocking "foreclosure buyback programs" intended to help poor residents keep their homes.
A fully private mortgage-finance system is the best way to fairly price mortgage-credit risks, says NYU Stern professor Lawrence White.
Home prices are moving so far, so fast, that at least 1,000 local housing markets have hit all-time price highs.
Younger renters consider down payment and credit score to be top obstacles to getting a mortgage, according to a Fannie Mae survey.
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.
Bill Ackman reiterated a popular hedge fund trade by recommending an investment in government-sponsored housing.
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:
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: