Gingrich Consulting Firm Files For Bankruptcy
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.
U.S. Mortgage Rates Edge Down To 3.98%: Freddie Mac
U.S. 30-year fixed-rate mortgages declined slightly to 3.98 percent in the week ending April 5 as recent economic indicators were mixed, mortgage finance giant Freddie Mac said Thursday.
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.
The Month In US Housing: A Disappointing March, But Spring Offers Redemption
Most of March's housing numbers were disappointing, with sales unexpectedly falling across all categories and prices hitting new lows, reversing February's optimism. But the winter market is usually the year's quietest, and spring could see a redemption for the housing market.
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US 30-Year Fixed Mortgage Rate Clears 4%: Freddie Mac
Interest rates on the 30-year, fixed-rate mortgage rose above 4 percent for the first time since October 2011, following increases in bond yields, Freddie Mac reported.
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. Mortgage Rates Rise With Improving Job Market
U.S. mortgage rates rose with the improving economy, but remained near historic lows in the week ending March 15, Freddie Mac reported Thursday.
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.
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.
Freddie Mac seeks $146 million in aid to stay solvent
Freddie Mac requested $146 million from the U.S. Treasury in order help make interest payments on government loans used to keep the mortgage buyer afloat, the company said Friday.
15-Year US Mortgage Rate Hits New Low
U.S. 15-year fixed-rate mortgage declined to a new record low of 3.13 percent in the week ending March 8, according to Freddie Mac.
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.
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.
U.S. Mortgage Rates Fall to 3.90 Percent
U.S. 30-year fixed rate mortgage rates fell to 3.90 percent in the week ending March 1, down from 3.95 percent in the prior week, according to Freddie Mac.
Fannie Mae and Bank of America's Bad Romance; Mortgage Meltdown Killed Relationship
Like scorned lovers, Bank of America (NYSE:BAC) and Fannie Mae, the government-controlled mortgage giant, are having a very public falling out.
BofA Stops Selling Mortgages to Fannie Mae; Rivals not Following
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.
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.
Bank of America Halts Selling New Mortgages to Fannie Mae
The Bank of America Thursday said that it would no longer provide new mortgages to Fannie Mae following the escalation of disagreement over who should be bearing the cost for defective mortgages.
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.
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.
Fannie, Freddie need to tighten legal expenses: regulator
A government watchdog on Wednesday said Fannie Mae and Freddie Mac's regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat.
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.
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.
U.S. Mortgage Rates Remain at Record Low for Third Week
U.S. 30-year fixed-rate mortgage rates remained at a record low of 3.87 percent for the third consecutive week ended Feb. 16, Freddie Mac said.
For America's hard-hit homeowners, little relief from settlement
Crystal Morello's family pleaded for months with their lender for a cheaper mortgage on their family home in Belleville, Michigan. But time ran out last summer, and they left before they were evicted.
Will the $26 Billion Mortgage Settlement Help You?
The massive $26 billion mortgage settlement between states and banks is designed to help millions of American homeowners -- but not everyone is eligible.
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