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Federal Home Loan Mortgage Corporation
Latest Federal Home Loan Mortgage Corporation Items
The ranking Republican on the Senate Finance Committee said Wednesday he will support President Obama's nominee to become the next head of the scandal-plagued IRS — an announcement that bodes well for John Koskinen's confirmation by the Senate.
With the agency squarely in the hot seat over its role in vetting tea party groups and enforcing Obamacare, President Obama's choice to head the IRS vowed during his confirmation hearing Tuesday to restore the public's trust in the scandal-plagued agency.
Persistently weak job growth, higher taxes on families and record-breaking government debt are the hallmarks of the failed economic experiment known as Obamanomics.
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.
Mortgage giant Fannie Mae has filed a lawsuit against nine banks for allegedly manipulating the London interbank offered rate (Libor) that is used to set global interest rates on such financial products as mortgages and credit cards.
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.
Democrats are loath to admit their role in irresponsible lending
Fannie Mae and Freddie Mac, the two mortgage finance giants whose financial woes required massive taxpayer bailouts in recent years, could be missing out on as much as $4.6 billion in payments from foreclosed mortgages in their portfolios, a federal investigator said.