Goldman said it would repurchase the securities sold to Fannie Mae and Freddie Mac over the 2005-2007 period.» Read More
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:
The parabolic moves of companies such as Plug Power make CNBC's Jim Cramer uneasy about the health of the five-year bull market.
Pushing Fannie and Freddie private is a good thing for investors — and GDP growth. Why should the government stop there?, asks Michael Yoshikami.
Stocks declined on Tuesday as news from China hit commodity prices..
The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.
The DoJ and the CFTC have both held investigations into whether BofA engaged in improper trading by doing its own futures trades ahead of executing large orders for clients.
Wells Fargo will pay a net $541 million to Fannie Mae to settle claims over defective home loans.
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.