| Aug 8, 2013
President Obama this week joined lawmakers from both parties in calling for Congress to wind down Fannie Mae and Freddie Mac, the privately owned but government-backed companies that supply most of the funding for home mortgages in this country. There...
| Jun 26, 2013
WASHINGTON — Nearly five years ago, the subprime meltdown triggered a huge taxpayer bailout of housing finance giants Fannie Mae and Freddie Mac.
Now a bipartisan group of senators has launched the most comprehensive effort yet to clean up the...
| Apr 2, 2013
| 7:31 AM
WASHINGTON -- Bailed-out Fannie Mae on Tuesday reported a record $17.2 billion profit for 2012, driven by the housing-market recovery and a big settlement with Bank of America related to soured mortgages during the subprime boom.
The housing finance...
| May 1, 2013
| 8:54 AM
WASHINGTON -- President Obama will nominate Democratic Rep. Mel Watt to head the federal housing agency that oversees taxpayer-owned Fannie Mae and Freddie Mac, a White House official said Wednesday.
Watt, an 11-term congressman from North Carolina,...
| Aug 8, 2013
| 7:28 AM
WASHINGTON -- Boosted by the housing market rebound, bailed-out mortgage-finance giant Fannie Mae posted its sixth straight quarterly profit in the April-June period and will pay an additional $10.2 billion in dividends to the federal government.
| Aug 12, 2013
| 12:27 PM
California’s post-recession moment for housing affordability appears to be ending fast.
Rising home prices in the San Francisco Bay Area and other coastal markets rapidly shut out a huge chunk of the state’s home-buying population last...
| Aug 13, 2013
| 4:57 PM
There may be a new glitch in Richmond’s strategy to bring mortgage relief to residents using the city's eminent domain powers.
The federal government has raised concerns that participating homeowners may not be eligible to refinance into the kinds...
| Aug 15, 2013
| 6:04 PM
The city of Richmond recently asked financial institutions to sell 624 troubled mortgages — and threatened to seize them through eminent domain. Now the city has its answer: We can't help you.
The city aims to provide its residents mortgage relief...
| Aug 23, 2013
| 3:51 PM
WASHINGTON — Do you feel that hint of a chill starting to swirl through the housing market? The cooling is slight, but it's real.
Home prices are not rising as fast in most metropolitan areas as they did earlier this year and much of 2012....
| Aug 22, 2013
| 6:06 PM
Six years after the mortgage meltdown, delinquencies and foreclosures are way down. Millions of borrowers have cut their housing costs by refinancing at the lowest interest rates ever recorded.
That's great for borrowers and bank balance sheets, but bad...
| May 10, 2013
| 7:02 AM
WASHINGTON -- A nearly $60-billion dividend payment to the government by taxpayer-owned Fannie Mae will help push off the effective date on which the U.S. would hit its debt limit until at least Labor Day, Treasury Secretary Jacob J. Lew said Friday....