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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.

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.