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Fired Fannie Mae workers can’t sue housing director for defamation, judge rules
A federal judge ruled federal housing director Bill Pulte immune from defamation claims by 61 former Fannie Mae employees fired over alleged fraud.
Trump foes like Fed Governor Lisa Cook find themselves targeted by top housing regulator
Bill Pulte, Trump’s housing regulator, uses mortgage fraud claims to target political foes, fueling battles over Fed independence and power.
Trump calls on Fed official to resign after ally accuses her of mortgage fraud
President Donald Trump called on Federal Reserve governor Lisa Cook to resign after she was accused of committing mortgage fraud.
Baltimore a party to $337M settlement with banks on price-fixing
Baltimore is one of several government and union plaintiffs that stands to recoup damages sustained in a proposed $337 million settlement of a class-action lawsuit accusing major financial institutions of a […]
Rockville woman seeks $20M in harassment lawsuit against Fannie Mae
A Rockville woman filed a $20 million lawsuit against Fannie Mae in Washington D.C. court Wednesday, alleging a senior manager there who offered her a job then harassed her and […]
Reduced multifamily lending caps for Freddie Mac, Fannie Mae not seen as problem
A reduced lending cap for multifamily loans set by the Federal Housing Finance Agency doesn’t appear to be an issue for 2018. It appears unlikely that Freddie Mac or Fannie Mae, according […]
Exploring ways to manage student loan debt and take out a mortgage
The college class of 2017 likely graduated last month with more student debt than any class before them. As college costs rise, declining homeownership rates have been named a casualty […]
More Americans to buy homes with 3 percent down
Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say.
Mortgage giant Freddie Mac earns $1.4B in 2Q
Mortgage giant Freddie Mac posted net income of $1.4 billion for the April-through-June period, aided by a strengthening housing market.
Fannie-Freddie overseer: loan limits won’t be cut
The regulator overseeing government-controlled mortgage giants Fannie Mae and Freddie Mac has announced a policy that could make more loan money available to borrowers.
JPMorgan paying $5.1B in Fannie, Freddie deal
WASHINGTON — JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky home loans and mortgage securities that it […]
Freddie Mac earns $5 billion in second quarter
WASHINGTON — Freddie Mac earned $5 billion from April through June, the seventh straight profitable quarter for the mortgage giant. The second-quarter gain reported Wednesday compares with net income of […]
