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Federal Home Loan Mortgage Corporation
Latest Federal Home Loan Mortgage Corporation Items
Sen. Mike Crapo, Idaho Republican, has been in a yearlong tug of war to revamp the nation’s $10 trillion mortgage market.
Standard & Poor's Corp., one of Wall Street's top credit agencies, said Tuesday that the fragile housing recovery cannot continue without support from Fannie Mae and Freddie Mac, the two mortgage finance giants many in Congress seem bent on eliminating.
Recent editorials from South Carolina newspapers:
Attorney General Martha Coakley is threatening to sue the Federal Housing Finance Agency for refusing to comply with a state law designed to help stem foreclosures.
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 after being rescued by the government in 2008.
Mortgage giant Freddie Mac posted net income of $4 billion for the January-through-March period, helped by a strengthening housing market. The government-controlled company has turned a profit in each of the past 10 quarters.
Nationalizing health care, which represents one-sixth of the economy, has been nothing short of a disaster. The Senate will vote Tuesday to establish a permanent federal presence in housing, which represents another one-sixth of the economy.
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.