Fannie Mae

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.

Aug 23, 2014, 11:13 AM IST

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.

Jul 31, 2014, 09:03 AM IST

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.

Mar 27, 2014, 09:23 AM IST

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.

Mar 21, 2014, 23:54 PM IST

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.

Nov 08, 2013, 10:05 AM IST

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.

Nov 01, 2013, 11:54 AM IST

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.

Aug 07, 2013, 16:10 PM IST

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.

Jul 26, 2013, 09:17 AM IST

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.

Mar 28, 2013, 13:41 PM IST

Fannie Mae CEO to leave after successor chosen

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.

Jan 11, 2012, 08:44 AM IST

US regulators sue former top Fannie, Freddie execs

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.

Dec 17, 2011, 09:01 AM IST

US regulator sues major banks over subprime bonds

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.

Sep 03, 2011, 08:53 AM IST

Regulator to sue major banks over mortgages

A US regulator will soon file lawsuits against major banks accusing them of bundling subprime home loans into bonds that never should have been sold to investors and causing mortgage giants Fannie Mae and Freddie Mac to lose billions, according to a source familiar with the matter.

Sep 02, 2011, 23:01 PM IST

Treasury removes cap for Fannie and Freddie aid

The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac.

Dec 25, 2009, 10:00 AM IST

Fannie Mae to tighten lending standards: Report

Fannie Mae plans to raise minimum credit score requirements next month and limit the amount of overall debt that borrowers can carry relative to their incomes, The Washington Post reported on Thursday.

Nov 26, 2009, 13:05 PM IST

Fannie Mae tax credit decision could cost $5.2 bln

Fannie Mae has said it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits.

Nov 10, 2009, 11:37 AM IST

Fannie Mae seeks claims worth $15.8 bn from Lehman

Battered mortgage lender Fannie Mae has sought claims to the tune of USD 15.8 billion from bankrupt Lehman Brothers, mainly related to derivatives contracts.

Nov 08, 2009, 12:49 PM IST

Fannie Mae posts $19.7 bn Q3 loss; seeks $15 bn Federal funds

Bailed out mortgage lender Fannie
Mae has reported losses of USD 19.76 billion for the September
quarter, bogged down by staggering credit-related expenses.

Nov 06, 2009, 18:07 PM IST