The case was the first brought by the U.S. against a bank over defective mortgages to go to trial.

Tagged with: Bank of America Corp. Countrywide Fannie Mae Freddie Mac

U.S. District Judge Jed Rakoff in Manhattan issued a ruling Tuesday rejecting the bank’s request to dismiss the case, putting it on track for a trial scheduled to begin Sept. 23.

Tagged with: Bank of America Fannie Mae Freddie Mac

More jobs and easier loan terms will boost demand for new mortgages in the second half of this year as homebuyers shrug off higher interest rates.

Tagged with: Fannie Mae home sales

Fannie Mae and Freddie Mac are ignoring billions of dollars in potential losses on overdue loans as they take three years to adopt a new accounting system, a government auditor said in a letter made public Monday.

Tagged with: business Fannie Mae Freddie Mac

The president for the first time endorsed an approach to remake the housing finance system as Fannie Mae and Freddie Mac are wound down.

Tagged with: Barack Obama Fannie Mae Freddie Mac housing bubble

The agreement includes 3.7 million mortgages originated from 2000 to 2012 and sold to Fannie Mae.

Tagged with: Citigroup Fannie Mae

The takeover of the mortgage companies by the Federal Housing Finance Agency, “while beneficial to the economic welfare of the nation, destroyed the value of Fannie Mae’s and Freddie Mac’s common and preferred stock and trampled the private ownership rights” of shareholders, according to the complaint filed yesterday in the U.S. Court of Federal Claims in Washington.

Tagged with: Fannie Mae Federal Housing Finance Agency Freddie Mac

I just hope I die before all the newspapers do. Not to be maudlin or to tempt my creator, but the recession, burdensome debt and the ad-stealing Internet portend the extinction of newspapers I can’t do without. Tribune Co.’s bankruptcy ...

Tagged with: Fannie Mae Gannett Co. McClatchy Co. New York Times Co. newspaper Newspaper Association of America recession Tribune Co. Warren Buffett Washington Post

The regulator for Fannie Mae and Freddie Mac is standing behind his decision to approve retention bonuses for top executives, resisting calls from U.S. Representative Barney Frank to rescind the payments. “The loss of key personnel would be devastating to ...

Tagged with: Fannie Mae Freddie Mac

U.S. President Barack Obama pledged $275 billion to a program that includes cutting mortgage payments for as many as 9 million struggling homeowners and expanding the role of Fannie Mae and Freddie Mac in curbing foreclosures. The plan will help ...

Tagged with: Barack Obama Fannie Mae foreclosure Freddie Mac mortgage

Although mortgage rates have settled into a trading range – in the mid 5 percent range – in the last week, Fannie Mae is going to make it a little bit tougher for many borrowers to get the very best ...

Tagged with: borrowers Fannie Mae mortgage rates