Company: Freddie Mac

The government-controlled mortgage company has announced  that Donald Layton, former chief executive of brokerage firm ETrade Financial, will take over the top job on May 21.

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.

The average rate on the 30-year fixed mortgage jumped after standing pat for three straight weeks at record lows.

The Treasury Department is investigating whether Freddie Mac bet against refinancings by homeowners while at the same time, making refinancings difficult to obtain, .the New York Times reports.

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

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.

Republican White House hopeful Mitt Romney sought to create doubts about rival Newt Gingrich among South Carolina conservatives on Saturday by criticizing his high-paid work for mortgage giant Freddie Mac.

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.