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BofA settlement: $9.5B to settle Fannie Mae and Freddie Mac claims

BofA settlement: $9.5B to settle Fannie Mae and Freddie Mac claims

March 27 (UPI) -- Bank of America to pay $6.3 billion to Fanny Mae and Freddie Mac, and repurchase residential mortgage-backed securities worth $3.2 billion.
Danielle Haynes

Deal completed on housing mortgage reform

WASHINGTON, March 11 (UPI) -- A housing reform deal, including the overhaul of mortgage lenders Fannie Mae and Freddie Mac, has been reached, Senate Banking Committee leaders said Tuesday.

Home prices up 11.3 percent in 2013

WASHINGTON, Feb. 25 (UPI) -- U.S. home prices rose 11.3 percent in 2013, the closely watched S&P/Case-Shiller Home Price Index report said Tuesday.
Politics 2014: Internet helps out when politicians have memory lapses

Politics 2014: Internet helps out when politicians have memory lapses

Political memory sure has been aided and abetted by the Internet, where nothing really is deleted, removed or otherwise pulled out of the public arena.
NICOLE DEBEVEC, United Press International

Home prices rose marginally in November

WASHINGTON, Jan. 23 (UPI) -- U.S. home prices rose 0.1 percent in November, the Federal Housing Finance Agency said Thursday.

FHFA settlements for 2013 reached $7.9 billion

WASHINGTON, Jan. 2 (UPI) -- The U.S. Federal Housing Finance Agency said Thursday it had collected $7.9 billion in settlements from financial firms in 2013.
Countrywide to cost BofA 30 times its purchase price

Countrywide to cost BofA 30 times its purchase price

CHARLOTTE, N.C., Dec. 27 (UPI) -- Bank of America could pay 30 times what it paid for Countrywide Financial Corp. in fines and fees connected to the deal, the U.S. bank's figures show.

Home prices rose in October

WASHINGTON, Dec. 24 (UPI) -- U.S. home prices rose 0.5 percent in October from September, the Federal Housing Finance Agency said Tuesday.

Deutschebank agrees to pay $1.9 billion to settle with U.S. agency

WASHINGTON, Dec. 20 (UPI) -- Deutsche Bank announced Friday it has agreed to pay a $1.9 billion penalty to the U.S. Federal Housing Finance Agency.
Politics: Congress' to-do list could require time it doesn't have

Politics: Congress' to-do list could require time it doesn't have

The good news for the U.S. Congress is that members have the month of December to complete their laundry list of items -- including a farm bill, food stamps, a budget for the fiscal year that began Oct. 1, a slew of presidential nominations, possibly revisiting unemployment benefits, maybe take up imposing more sanctions on Iran -- before 2014.
NICOLE DEBEVEC, United Press International

BofA settles loan claims with Freddie Mac for $404 million

CHARLOTTE, N.C., Dec. 2 (UPI) -- U.S. finance giant Bank of America said Monday it would pay $404 million to settle all claims brought by the Federal Home Loan Mortgage Corp.
Home prices make solid gains in third quarter

Home prices make solid gains in third quarter

NEW YORK, Nov. 26 (UPI) -- U.S. home prices posted gains in the third quarter, private and public reports released Tuesday show.
Fannie Mae files suit against nine banks

Fannie Mae files suit against nine banks

NEW YORK, Oct. 31 (UPI) -- The Federal National Mortgage Association, known as Fannie Mae, sued nine banks Thursday for manipulating a key benchmark lending rate.
Senate Republicans block two Obama nominees

Senate Republicans block two Obama nominees

WASHINGTON, Oct. 31 (UPI) -- Senate Republicans Thursday killed efforts to end filibusters blocking debate on President Barack Obama's nominees for a cabinet post and a federal judgeship.

Commentary: Costly greed

WASHINGTON, Oct. 28 (UPI) -- Wall Street greed coupled with dire online warnings of financial disasters to come paint a grim picture of the state of democratic capitalism.
ARNAUD DE BORCHGRAVE, UPI Editor at Large
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