Gingrich Consulting Firm Files For Bankruptcy

Newt Gingrich
The Gingrich Group LLC, a consulting firm whose work repeatedly ensnared Newt Gingrich's presidential campaign in controversy, has filed for Chapter 7 Bankruptcy, the Atlanta Business Chronicle reported.
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Geithner says U.S. far behind on housing finance reform

The United States is far behind on reforming the country's housing finance system, where the government's mortgage buyers Fannie Mae and Freddie Mac provide funding for the bulk of U.S. home loans, Treasury Secretary Timothy Geithner said on Wednesday.
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Fannie, Freddie faulted for spending on conference

A federal watchdog faulted Fannie Mae and Freddie Mac, the mortgage finance companies propped up with taxpayer funds, for questionable spending on a mortgage industry conference last year, in a report released on Thursday.
U.S. Gas Prices

US Economic Snapshot: How Are We Doing?

In the context of a quiet week with comparatively few headlines out of Europe and U.S. government data showing relatively few surprises, many economists predicted a continuation of a positive mood, driven by recent growth in the labor market. However, there are concerns about gasoline prices.
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Fannie, Freddie regulator slashes executive pay

The regulator for Fannie Mae and Freddie Mac , responding to political pressure, on Friday slashed salaries for the chief executives of the two firms and ruled out bonuses for many top executives.
File photo shows the headquarters of mortgage lender Freddie Mac in McLean

Freddie Mac Swings To Profit, Asks For Bailout

Freddie Mac requested $146 million from the U.S. Treasury to meet interest payment obligations on bailout funds, despite swinging to a profit, the troubled mortgage buyer reported Friday.
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Justice Dept. Casts Wide Net with Mortgage Subpoenas

A U.S. Justice Department inquiry into the packaging and sale of home loans by the biggest U.S. banks casts a wide net and appears to significantly overlap with other enforcement efforts, according to people who have viewed subpoenas sent to the firms.
existing home sales

The Month in Housing: Is February's Recovery Real?

There were signs of improvement in U.S. housing data released in February, but warmer weather could have been as much of a factor as strengthening market fundamentals, according to industry experts.
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BofA mortgage move not likely to have big consumer impact

Bank of America Corp appears to be going it alone in not selling mortgage loans to Fannie Mae, a move that, while sending an angry signal to the nation's largest mortgage-buyer, could force the bank to charge less attractive mortgage rates.
File photo shows the headquarters of mortgage lender Freddie Mac in McLean

U.S. Mortgage Rates Rise to 3.95%

U.S. 30-year fixed-rate mortgage rates rose to 3.95 percent in the week ending Feb. 23 from a record low of 3.87 in the previous week, Freddie Mac said.
DeMarco delivers testimony on robo-signing and foreclosures at a hearing of the Housing and Community Opportunity Subcommittee of the House Financial Service Committee, in Washington

FHFA Attempts to Find Middle Ground for Fannie, Freddie

The Federal Housing Finance Administration (FHFA), overseer of Fannie Mae and Freddie Mac, detailed a plan on Tuesday for the companies' uncertain futures, grappling with the challenges of political hostility, reluctant private investors and a fragile housing market.
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Regulator outlines new plan for Fannie, Freddie

The regulator of housing giants Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan for the two government-controlled firms, stepping into a void left by congressional inaction.
Bank of America

U.S. Stocks Gain After Jobs, Housing Reports

The Dow Jones Industrial Average rose 0.76 percent to 12,884.75 by early afternoon trading, while the Nasdaq rose 1.01 percent to 2,945.17. The S&P 500 rose 0.83 percent to 1,354.37.


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