Company: Fannie Mae

Fannie Mae, the largest source of U.S. housing funds, said it would not need to request more taxpayer aid this quarter after posting a $2.7 billion profit for the first three months of the year.

A federal judge in New York has rejected UBS AG's bid to dismiss a federal regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying billions of dollars of risky mortgage debt.

The regulator of housing giants Fannie Mae and Freddie Mac on Friday outlined a new compensation plan for executives of the two government-controlled firms.

Fannie Mae, the biggest source of money for U.S. home loans, said on Wednesday it would seek $4.6 billion in additional federal aid after reporting a fourth-quarter loss.

Fannie Mae and Freddie Mac are under more pressure to allow debt forgiveness since the announcement of a multibillion-dollar foreclosure abuse settlement  requiring banks to write down mortgage debt, the New York Times reports.

A federal regulator for mortgage finance giants Fannie Mae and Freddie Mac on Monday provided more details on how private investors can become partners in the government's plan to convert foreclosed homes into rentals.

Bank of America, the second-largest U.S. bank, said it stopped selling some mortgages to Fannie Mae because of a dispute arising from claims related to soured home loans.

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.