Company: Fannie Mae

Future CEOs of government-run housing finance companies Fannie Mae and Freddie Mac will receive substantially lower pay-packages than did their predecessors. 

Fannie Mae Chief Executive Michael J. Williams, who took over the mortgage giant in 2009 after it was seized by the federal government, is stepping down, telling CNBC that "it's been a demanding two years."

Fortress Investment Group said on Wednesday that its chief executive, Daniel Mudd, is taking a leave of absence after financial regulators charged that he committed securities fraud during his time as CEO at another firm.

Lawyers representing investors that settled billions of dollars of mortgage bond claims with Bank of America last summer announced on Friday that they had opened investigations into $95 billion worth of mortgages held in JPMorgan Chase securities.  The New York Times reports.

U.S. securities regulators sued former top executives at Fannie Mae and Freddie Mac on Friday, saying they misled investors over exposure to risky mortgages.

Look for most of 2011's trends to continue; home prices will fall while foreclosures, delinquencies and rental prices will rise.

The regulator for Fannie Mae and Freddie Mac on Thursday defended their million-dollar executive bonuses which have come under fire given huge losses at the government-owned mortgage firms.

Mortgage finance giant Freddie Mac said on Wednesday it will seek an additional $6 billion from U.S. taxpayers following its worst quarterly loss this year.

Freddie Mac's chief executive will step down by the end of the year. The Federal Housing Finance Agency, said it will work with Freddie Mac's board to develop a succession plan to fill the position.

The president unveiled his refinancing plan to help struggling homeowners. Later in the week, he is expected to announce a relief plan for student loans.

A leading U.S. housing regulator announced changes to a government refinancing program that could help up to one million homeowners whose homes are worth less than their mortgage.

The US is preparing a fresh refinancing plan for struggling homeowners and could reveal the plan as early as Monday, sources familiar with the effort say.

The Obama administration and the regulator for Fannie Mae and Freddie Mac are expected to unveil new steps to help distressed homeowners in the next week or two, a senior congressional aide said on Thursday.

Regulators are nearing a settlement with Fannie Mae and Freddie Mac over whether the mortgage finance giants adequately disclosed their exposure to risky subprime loans, bringing to a close a three-year investigation. The New York Times reports.

Even as Standard & Poor's continued to issue ratings downgrades in the wake of its downgrade of the US, rival ratings agency Moody's reaffirmed the country's AAA status.