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Goldman in deal worth $1.2 bn over US bond claims

New York-based Goldman Sachs sold the securities to the companies between 2005 and 2007.

Bank of America fined $1.3 bn for mortgage fraud

A US judge Wednesday ordered Bank of America to pay a $1.3 billion penalty for selling bad loans to mortgage finance firms Fannie Mae and Freddie Mac amid the housing crisis.

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

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

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

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

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.

Obama plans to reform Fannie Mae, Freddie Mac

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

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

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.