WASHINGTON (AP) — Government-controlled mortgage financers Fannie Mae and Freddie Mac posted solid earnings for the January-March period as the U.S. housing market continued to recover. Gains over recent quarters have enabled the companies to fully repay their taxpayer aid ...

Tagged with: earnings Fannie Mae Freddie Mac

A U.S. Bankruptcy Court judge has approved Lehman Brothers Holdings Inc.’s $767 million settlement with Freddie Mac — an agreement that releases hundreds of millions of dollars to return to the failed investment bank’s creditors. Freddie Mac was seeking a ...

Tagged with: bankruptcy court Freddie Mac Lehman Brothers settlement

WASHINGTON — Fannie Mae and Freddie Mac posted strong earnings for the July-September period as the housing market continued to recover. The gains will enable the mortgage giants to finish repaying their taxpayer aid or come close to doing so ...

Tagged with: Fannie Mae Freddie Mac

WASHINGTON — JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky home loans and mortgage securities it sold them before the housing market collapsed. The Federal Housing Finance ...

Tagged with: Fannie Mae Freddie Mac JPMorgan Chase settlement

WASHINGTON — Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis. Borrowers ...

Tagged with: Fannie Mae federal government Freddie Mac

WASHINGTON — The average U.S. rate on a 15-year fixed mortgage rose above 3 percent this week for the first time in a year, while the rate on the 30-year fixed loan approached 4 percent. Mortgage buyer Freddie Mac said ...

Tagged with: Freddie Mac

New York Attorney General Eric T. Schneiderman and Massachusetts Attorney General Martha Coakley are leading a nine-state coalition demanding new, permanent leadership at the Federal Housing and Finance Agency, the agency that oversees Fannie Mae and Freddie Mac. In a ...

Tagged with: Fannie Mae Freddie Mac

WASHINGTON — Mortgage giant Freddie Mac posted net income of $2.9 billion for the July-September quarter, its second straight profitable quarter. The government-controlled company attributed the gain to rising home prices and fewer mortgage delinquencies. Freddie paid a dividend of ...

Tagged with: Freddie Mac mortgage net income

WASHINGTON — The government is changing the terms of its bailout agreement with Fannie Mae and Freddie Mac in a way that will shrink the holdings of the two mortgage giants more quickly and will require payment to the government ...

Tagged with: Fannie Mae Freddie Mac Treasury Department

WASHINGTON, D.C. — Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn’t requesting any additional federal aid for the period. The government rescued Freddie and larger sibling Fannie Mae in September 2008 ...

Tagged with: Freddie Mac net income

WASHINGTON — Government-controlled mortgage giant Freddie Mac has requested just $146 million in additional aid after posting a smaller loss in the fourth quarter. That’s far less than in the third quarter, when Freddie received $6 billion from the government. ...

Tagged with: Freddie Mac mortgage

  WASHINGTON — The Securities and Exchange Commission on Friday brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled investors about risky subprime loans the that mortgage giants held when the ...

Tagged with: Fannie Mae fraud charges Freddie Mac Mortgages