Headlines
U.S. home prices index rose in November

U.S. home prices index rose in November

WASHINGTON, Jan. 23 (UPI) -- A U.S. home price index rose 0.6 percent October to November, the Federal Housing Finance Agency said Wednesday.

UPI NewsTrack Business

Markets stumble ... Fed settles mortgage abuse with 10 banks ... Holiday hiring highest since 2006 ... Crude oil stalls at $93 per barrel ... News from United Press International.

Fed settles mortgage abuse with 10 banks

WASHINGTON, Jan. 7 (UPI) -- The U.S. Federal Reserve said 10 banks agreed to pay $8.5 billion to close down a foreclosure fraud and lending abuse review.

UPI NewsTrack TopNews

News from United Press International, around the world around the clock ...

Price of dreaming

To Wall Street, the financial crisis that erupted in 2008 was a serious business interruption that affected jobs and bonuses.
ANTHONY HALL, United Press International

Fannie Mae posts $19B shortfall

WASHINGTON, May 8 (UPI) -- The Federal National Mortgage Association said it lost $23 billion in the first quarter, prompting a fund transfer of $19 billion from the U.S. Treasury.
Fannie Mae taps $16B in bailout funds

Fannie Mae taps $16B in bailout funds

WASHINGTON, Jan. 27 (UPI) -- The mortgage giant Fannie Mae says it will seek to tap up to $16 billion in previously approved U.S. Treasury bailout funds.

Freddie Mac to tap $35B in bailout funds

WASHINGTON, Jan. 24 (UPI) -- U.S. mortgage giant Freddie Mac will ask for up to $35 billion in additional federal bailout dollars, company officials have revealed.
Fannie Mae to let renters stay on

Fannie Mae to let renters stay on

WASHINGTON, Dec. 15 (UPI) -- The Federal National Mortgage Association says renters living in U.S. properties on which it has foreclosed will not have to move -- at least right away.

Waxman: Fannie, Freddie ignored warnings

WASHINGTON, Dec. 9 (UPI) -- The top executives of Fannie Mae and Freddie Mac ignored warnings about the risk of diving into subprime mortgages, U.S. Rep. Henry Waxman said Tuesday.
Troubled Fannie Mae shakes up leadership

Troubled Fannie Mae shakes up leadership

NEW YORK, Aug. 28 (UPI) -- The Federal National Mortgage Association, battered by the meltdown in the U.S home loan business, has shaken up its senior management, officials said.

U.S. to back Fannie Mae, Freddie Mac

WASHINGTON, July 13 (UPI) -- The U.S. Treasury and Federal Reserve have settled on a strategy for the U.S. government to bail out Fannie Mae and Freddie Mac, officials said Sunday.
Ex-Fannie Mae executives agree to fines

Ex-Fannie Mae executives agree to fines

NEW YORK, April 19 (UPI) -- Fannie Mae's former chief executive agreed to pay $24.7 million to settle a suit stemming from an accounting scandal that rocked the lender, officials said.

Fannie Mae reports fourth quarter losses

WASHINGTON, Feb. 27 (UPI) -- Federally backed lender Fannie Mae reported a fourth quarter net loss of $3.56 billion Wednesday, including losses in derivatives and investments.

Freddie Mac, Fannie Mae probe expands

NEW YORK, Nov. 8 (UPI) -- New York's attorney general has subpoenaed Fannie Mae and Freddie Mac in a growing probe of "widespread" collusion between real estate appraisers and lenders.

Fannie Mae, Freddie Mac shares fall

NEW YORK, Aug. 13 (UPI) -- Shares of Fannie Mae and Freddie Mac fell Monday after the U.S. mortgage-finance giants’ regulator rejected Fannie’s request to buy more home loans.

Mortgage funding giant shows shortfall

WASHINGTON, Dec. 14 (UPI) -- Fannie Mae, the giant mortgage funding company, has issued a corrected financial statement exposing a shortfall in funding.

Fannie Mae dodges Justice Dept. bullet

WASHINGTON, Aug. 24 (UPI) -- The U.S. Justice Department will not prosecute mortgage giant Fannie Mae for billions of dollars in accounting irregularities.

More execs leaving troubled Fannie Mae

MCLEAN, Va., July 17 (UPI) -- Fannie Mae, the federally chartered Virginia mortgage lender, is losing more top executives, The Washington Post reported Monday.

Report: Fannie paying $400M to settle

WASHINGTON, May 23 (UPI) -- Mortgage giant Fannie Mae will pay about $400 million in penalties under a U.S. settlement of charges related to its $10.8 billion accounting scandal.

Fannie Mae humbled by report

MCLEAN, Va., Feb. 23 (UPI) -- A report that documents why a big U.S. mortgage company had to restate more than $10 billion in earnings has left the firm's board publicly humbled.

Fannie CFO gets blame for money woes

MCLEAN, Va., Feb. 23 (UPI) -- An investigation of mortgage lender Fannie Mae's financial woes pins the blame on the U.S. company's former top financial officer.

Fannie Mae gives up on lobbyists

WASHINGTON, Sept. 16 (UPI) -- U.S. mortgage giant Fannie Mae has fired 20 lobbyists and publicists, ending a business strategy that turned on currying political favor.

Dems rip new Fannie Mae regulatory measure

WASHINGTON, July 28 (UPI) -- White House efforts to trim the portfolios of mortgage lenders Fannie Mae and Freddie Mac drew criticism from the Senate's top Democrat.

Fannie Mae, Freddie Mac bill costs $300 M

WASHINGTON, July 2 (UPI) -- The U.S. House of Representatives is considering a bill to strengthen oversight of Fannie Mae and Freddie Mac that could cost $300 million.
Page 3 of 5
x
Feedback