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Bank of America to pay $9.3 bn to settle mortgage bond claims

Last Updated: Thursday, March 27, 2014, 09:23

The settlement,includes $6.3 billion in cash and the rest in securities that Bank of America will purchase from the two housing finance entities.

Credit Suisse to pay $885 mn over US mortgage bonds

Last Updated: Saturday, March 22, 2014, 02:36

Swiss bank Credit Suisse agreed Friday to pay $885 million to settle claims that it misled mortgage giants Fannie Mae and Freddie Mac in the sale of mortgage-backed securities.

Credit Suisse to pay $885 mn over US mortgage bonds

Last Updated: Friday, March 21, 2014, 23:54

Swiss bank Credit Suisse agreed Friday to pay $885 million to settle claims that it misled US mortgage-finance giants Fannie Mae and Freddie Mac in the sale of mortgage-backed securities.

Freddie Mac, Fannie Mae to pay US $39 bn

Last Updated: Friday, November 08, 2013, 10:05

US mortgage finance giants Freddie Mac and Fannie Mae Thursday said they will pay the US Treasury USD 39 billion in dividends after reporting strong third-quarter earnings.

Fannie Mae sues 9 giant banks over Libor losses

Last Updated: Friday, November 01, 2013, 11:54

Fannie Mae Thursday sued nine giant banks plus the British Bankers Association over some USD 800 million in losses due to alleged rate-rigging manipulation in the latest fallout from the Libor scandal.

JPMorgan in $5.1 billion deal with housing agency

Last Updated: Saturday, October 26, 2013, 08:55

JPMorgan Chase & Co has agreed to pay $5.1 billion to settle claims that it and firms it bought misled Fannie Mae and Freddie Mac about the quality of mortgage securities and home loans it sold to them during the housing boom.

Obama plans to reform Fannie Mae, Freddie Mac

Last Updated: Wednesday, August 07, 2013, 16:10

US President Barack Obama has proposed a plan to wind down the two mortgage finance giants, Fannie Mae and Freddie Mac.

US regulator announces $885 million settlement with UBS

Last Updated: Friday, July 26, 2013, 09:17

A US regulator on Thursday said it reached an USD 885 million settlement with UBS over allegations the bank misrepresented mortgage-backed bonds that were sold to Fannie Mae and Freddie Macduring the housing bubble.

Fannie, Freddie to simplify mortgage rules

Last Updated: Thursday, March 28, 2013, 13:41

US mortgage giants Fannie Mae and Freddie Mac will offer a new and simplified loan modification initiative to help troubled borrowers avoid foreclosure and stay in their homes, authorities said.

Fannie Mae CEO to leave after successor chosen

Last Updated: Wednesday, January 11, 2012, 08:44

Fannie Mae Chief Executive Michael Williams said on Tuesday he was stepping down from the government-controlled mortgage firm, which is at the center of a fight over how to reduce foreclosures.

US regulators sue former top Fannie, Freddie execs

Last Updated: Saturday, December 17, 2011, 09:01

Six former top executives at Fannie Mae and Freddie Mac were sued by US regulators on charges of misleading investors about the mortgage finance companies' exposure to risky home loans in the run-up to the 2008 financial crisis.

US regulator sues major banks over subprime bonds

Last Updated: Saturday, September 03, 2011, 08:53

A US regulator sued 17 large banks and financial institutions on Friday over losses on about USD 200 billion of subprime bonds, which may hamper a broader government settlement of the mortgage mess left over from the housing crisis.