Freddie Mac

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Justice Department sues Bank of America over mortgage fraud

Oct 24, 2012
The Justice Department says Countrywide Financial -- which B of A bought in 2008 -- cranked out bad home loans without proper checks to make sure they were legit, and then sold those mortgages to Fannie Mae and Freddie Mac.
Posted In: Bank of America, Countrywide, mortgage fraud, Fannie Mae, Freddie Mac

Mortgage giants face new carrot -- and stick

Aug 17, 2012
Fannie Mae and Freddie Mac get some slack on repaying government bailout funds. But they’ll have to shrink their businesses faster than planned.
Posted In: Fannie Mae, Freddie Mac, mortgage

Treasury to change relationship with Fannie, Freddie

Aug 17, 2012
There's word this morning that the Treasury Department is going to revamp its financial relationship with the mortgage giants Fannie Mae and Freddie Mac.
Posted In: Housing, Freddie Mac, Fannie Mae, treasury

A positive sign: Profits for Fannie Mae, Freddie Mac

Aug 8, 2012
Rising home prices contribute to profits for the bailed-out mortgage lenders. Higher home prices should help the real estate market and homebuyers, too.
Posted In: mortgage, Freddie Mac, Fannie Mae, home prices, Housing

How will the payroll tax cut be paid for?

Dec 23, 2011
The payroll tax cut is expected to be extended for another two months. How will lawmakers come up with the billions it's going to cost?
Posted In: payroll tax, Fannie Mae, Freddie Mac

Regulating Fannie and Freddie

Dec 19, 2011
The SEC charged two former CEOs of the mortgage giants for failing to fully report their companies' exposure to subprime mortgages.
Posted In: Fannie Mae, Freddie Mac, subprime, mortgage fraud

SEC files complaint against former Freddie, Fannie CEOs

Dec 16, 2011
Federal regulators at the Securities and Exchange Commission just this morning charged several former executives at mortgage giants Fannie Mae and Freddie Mac with civil fraud
Posted In: Freddie Mac, Fannie Mae, SEC

Congress looks into Fannie Mae pay

Nov 15, 2011
Two hearings on Capitol Hill are looking into Fannie Mae and government-backed mortgage loans. The House Financial Services Committee voted to rein in some of the million-dollar salaries for Fannie Mae executives.
Posted In: Fannie Mae, Freddie Mac

Fannie, Freddie executive pay and the STOCK Act

Nov 15, 2011
The House Financial Services Committee voted to stop the multimillion dollar bonuses Fannie and Freddie executive have been getting. And the STOCK Act is introduced in the Senate.
Posted In: Fannie Mae, Freddie Mac

The Irony of Fannie and Freddie Suing Banks

Sep 3, 2011
The FHFA's sweeping lawsuits against 17 banks, filed Friday afternoon, seem to be largely like a case of case of brother-versus-brother, with the...
Posted In: Fannie Mae, Freddie Mac

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