Fannie and Freddie will suspend foreclosures for 60 days
A lawsuit filed by two former lobbyists revealed a secret plan to buy Freddie Mac from government control hatched between 2016 and 2018.
Freddie Mac has reported a notable increase in the average 30-year, fixed-rate mortgage.
US Treasury Secretary Steven Mnuchin laid out the administration's reform plans for housing finance, including the government-sponsored enterprises known as Fannie Mae and Freddie Mac.
The 53-page Treasury Department plan is similar to a bill under consideration in the Senate.
Amid a spike in mortgage rates over the past two months, some potential buyers are shying away.
For the first time, nonbanks have surpassed banks as the leading suppliers of mortgages, an industry group found.
Nomura Holdings was found liable for selling faulty loans in the lead-up to the subprime mortgage crisis.
The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it, amid deep uncertainty over how much control they will really have over short-term lending markets.
Washington bailed out the two firms in 2008 at the height of the financial crisis.
Stagnant wage growth continues to weigh on U.S. consumers, with home ownership still unaffordable for most Americans.
Fannie Mae has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized during the crisis.
U.S. home resales raced to a one-year high in September, the latest indication the housing market recovery is gradually getting back on track.
The settlement is valued at $1.2 billion after deducting the current estimated value of the low-quality securities.
Bank of America Corp. agreed to a $16.65 billion settlement with the SEC Thursday.
The major bank was convicted of defrauding Fannie Mae and Freddie Mac before the mortgage collapse.
"Countrywide and Bank of America made disastrously bad loans and stuck taxpayers with the bill."
Investors Unite, a new tax-exempt group, wants to protect the rights of shareholders in the bailed-out mortgage finance companies.
Wells Fargo is expected to post its 16th consecutive quarter of EPS growth, but how can it do so on declining revenue?
The move would result in an average 11-basis-point increase in guarantee fees, and help private players.
Was it a comment by Janet Yellen or something else that prompted the first mortgage rate drop in two weeks?
Taxpayers have recovered most of their money paid to rescue the mortgage giants following a rebound in the nation's housing sector.