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.

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.

US fixed mortgage rates edge down

US fixed mortgage rates edged down slightly this week and remained near historic lows, according to the Primary Mortgage Market Survey released by Freddie Mac.

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.

US fixed mortgage rates remain unchanged

US fixed mortgage rates remained unchanged this week and continued to support the housing recovery, according to the Primary Mortgage Market Survey released by Freddie Mac.

Gingrich`s former company releases contract

Under pressure, Newt Gingrich arranged the release of a contract Monday night showing the Federal Home Loan Mortgage Corp. paid his consulting firm a $25,000 monthly retainer fee in 2006, for a total of $300,000.

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.

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.

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.

Treasury removes cap for Fannie and Freddie aid

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

Freddie Mac loses $ 6.3 billlion in 3Q

Freddie Mac`s losses narrowed to USD6.3 billion in the third quarter, but the government-controlled mortgage finance company didn`t need a federal cash infusion.