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Fannie Mae to request $3.7B from Treasury over tax reform loss

U.S. News // 7 months ago

Fannie Mae to request $3.7B from Treasury over tax reform loss

Fannie Mae reported a net loss of $6.5 billion in the fourth quarter of 2017, blaming a "one-time accounting charge" caused by the GOP's tax reform plan.

Fannie Mae expands student debt for mortgage swap program

U.S. News // 1 year ago

Fannie Mae expands student debt for mortgage swap program

Mortgage security company Fannie Mae announced new guidelines to swap student loan debt for mortgage debt.

Fannie Mae, Freddie Mac to send $10 billion in dividends to U.S. Treasury

U.S. News // 1 year ago

Fannie Mae, Freddie Mac to send $10 billion in dividends to U.S. Treasury

Government-backed mortgage companies Fannie Mae and Freddie Mac will pay $10 billion in dividends to the government, a sign of a resurgent housing market.

Report: One in 10 members of Congress owe on student loans

U.S. News // 2 years ago

Report: One in 10 members of Congress owe on student loans

The nonpartisan Center for Responsive Politics found 53 lawmakers, or about 10 percent of Congress, including non-voting House members, owe on student loans.

China's new investment bank may signal a move away from U.S. debt

Business News // 3 years ago

China's new investment bank may signal a move away from U.S. debt

The China-backed Asian Infrastructure Investment Bank may be the latest sign that the largest holder of U.S. bonds is shifting away from holding American debt.

U.S. News // 4 years ago

Senate approves Julian Castro to be housing secretary

San Antonio Mayor Julian Castro was easily approved by the Senate to serve as the next secretary of Housing and Urban Development Wednesday.

U.S. News // 4 years ago

Senate committee sends Castro nomination to final vote

A Senate committee approved the nomination of Julian Castro to be the secretary of Housing and Urban Development, sending his nomination to a final vote.

U.S. News // 4 years ago

Senate Banking Committee approves bill to shutter Fannie and Freddie

The Senate Banking Committee advanced legislation to make changes to the housing finance system, including getting rid of Fannie Mae and Freddie Mac.

U.S. News // 4 years ago

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

Bank of America to pay $6.3 billion to Fanny Mae and Freddie Mac, and repurchase residential mortgage-backed securities worth $3.2 billion.

U.S. News // 4 years ago

Deal completed on housing mortgage reform

A housing reform deal, including the overhaul of mortgage lenders Fannie Mae and Freddie Mac, has been reached, Senate Banking Committee leaders said Tuesday.

Business News // 4 years ago

Home prices up 11.3 percent in 2013

U.S. home prices rose 11.3 percent in 2013, the closely watched S&P/Case-Shiller Home Price Index report said Tuesday.

U.S. News // 4 years ago

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.

Business News // 4 years ago

Home prices rose marginally in November

U.S. home prices rose 0.1 percent in November, the Federal Housing Finance Agency said Thursday.

Business News // 4 years ago

FHFA settlements for 2013 reached $7.9 billion

The U.S. Federal Housing Finance Agency said Thursday it had collected $7.9 billion in settlements from financial firms in 2013.

Business News // 4 years ago

Countrywide to cost BofA 30 times its purchase price

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.

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