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Federal Home Loan Mortgage Corporation
Latest Federal Home Loan Mortgage Corporation Items
Stepped-up demands from liberal Democrats and conservative Republicans are threatening the prospects for legislation to revive and reform the private mortgage market, six years after it collapsed and largely disappeared during the Great Recession.
Bank of America agreed to pay $9.33 billion to put to rest a long-running mortgage securities dispute with the Federal Housing Finance Agency, which accused the lender of falsely representing loans that went south when the housing bubble burst.
In a fresh sign that lessons from the financial crisis six years ago haven’t been fully heeded, the government-backed mortgage giants Fannie Mae and Freddie Mac bought billions of dollars of mortgages last year despite red flags suggesting something could be wrong with their appraisals, investigators disclosed Thursday.
Morgan Stanley said Tuesday that it has agreed to pay $1.25 billion to resolve a lawsuit over mortgage securities with the Federal Housing Finance Agency, the regulator that oversees Fannie Mae and Freddie Mac.
Henry M. Paulson Jr., the financial firefighter stationed at the epicenter of the biggest financial crisis since the Great Depression, worries that the nation is headed for another crisis because political leaders failed to learn critical lessons from the last one from 2008.
Fannie Mae and Freddie Mac have been in federal conservatorship since 2008. Should these government-sponsored housing enterprises — essentially broke — still be required to spend taxpayer money to fund activities of housing advocacy groups?
Fannie Mae and Freddie Mac, the housing giants whose combined $188 billion bailout dwarfed all others during the 2008 financial crisis, announced Thursday that they will return another $39 billion in dividends to the U.S. Treasury next month, bringing them close to fully repaying the taxpayers who rescued them.
JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed.