Fannie Mae http://www.globalpost.com/taxonomy/term/23605/all en REFILE-US STOCKS-Wall St falls after 5-yr high, earnings in focus http://www.globalpost.com/dispatch/news/thomson-reuters/130107/refile-us-stocks-wall-st-falls-after-5-yr-high-earnings-focus <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p/> <p>* Bank of America shares up on $11 billion Fannie Mae<br /> settlement</p> <p>* Amazon stock hits all-time high on Morgan Stanley view</p> <p>* Indexes off: Dow 0.47 pct, S&amp;P 0.45 pct, Nasdaq 0.41 pct</p> <p>By Rodrigo Campos</p> <p>NEW YORK, Jan 7 (Reuters) - U.S. stocks fell on Monday as<br /> traders cashed in recent gains that lifted the S&amp;P 500 to a<br /> five-year high on Friday and awaited Tuesday's start of the<br /> fourth-quarter earnings season.</p> </p/><p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/refile-us-stocks-wall-st-falls-after-5-yr-high-earnings-focus" target="_blank">read more</a></p> Bank of America Business Relation Buybacks Company Location Economic history Economics Economy of the United States Fannie Mae Investment Late-2000s financial crisis Morgan Stanley Mortgage industry of the United States Person Career Primary dealers Quotation Stock market crashes Technology USD Thomson Reuters Mon, 07 Jan 2013 17:21:36 +0000 5731373 at http://www.globalpost.com Obama nominates NC Dem Rep. Melvin Watt to housing finance post, former lobbyist as FCC chief http://www.globalpost.com/dispatch/news/the-canadian-press/130501/ap-source-obama-name-melvin-watt-nc-congressman-top-housing- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>WASHINGTON - President Barack Obama on Wednesday tapped a veteran Democratic congressman to lead the Federal Housing Finance Agency and a top fundraiser and former lobbyist to head up the Federal Communications Commission.</p> <p>Rep. Melvin Watt, D-N.C., would oversee federal mortgage lenders Fannie Mae and Freddie Mac.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130501/ap-source-obama-name-melvin-watt-nc-congressman-top-housing-" target="_blank">read more</a></p> Barack Obama Business Economy of the United States Environment Fannie Mae Health Labor Law Luo people Mortgage industry of the United States Politics Presidency of Barack Obama Subprime mortgage crisis Technology United States The Canadian Press Wed, 01 May 2013 04:18:03 +0000 5829030 at http://www.globalpost.com Fannie Mae, KPMG agree to pay $153 million to end shareholder lawsuit http://www.globalpost.com/dispatch/news/thomson-reuters/130511/fannie-mae-kpmg-agree-pay-153-million-end-shareholder-lawsuit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Erin Geiger Smith</p> <p>(Reuters) - Mortgage finance company Fannie Mae &lt;FNMA.OB&gt; and accounting firm KPMG have agreed to pay $153 million to settle a shareholder lawsuit filed by Ohio pension funds and others accusing the companies of issuing false and misleading financial reports, the Ohio attorney general said on Tuesday.</p> <p>The settlement would end litigation that began in 2004 and requires approval from the judge overseeing the case, U.S. District Judge Richard Leon in Washington, D.C.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130511/fannie-mae-kpmg-agree-pay-153-million-end-shareholder-lawsuit" target="_blank">read more</a></p> Business Fannie Mae KPMG Labor Law Mortgage industry of the United States Thomson Reuters Sat, 11 May 2013 21:01:31 +0000 5835799 at http://www.globalpost.com S&P for first time gives Freddie Mac loan servicer ranking, calling it 'Above Average' http://www.globalpost.com/dispatch/news/the-canadian-press/130607/sp-first-time-gives-freddie-mac-loan-servicer-ranking-callin <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Standard </p> <p>Standard </p> <p>The government rescued Freddie and larger sibling Fannie Mae during the 2008 financial crisis after they incurred massive losses on risky mortgages. The companies received taxpayer-funded loans totalling about $187 billion.</p> <p>They have turned profitable in recent months as the housing market has recovered. McLean, Va.-based Freddie this month will have paid back about $37 billion of the $71.3 billion it received.</p> Economy of the United States Fannie Mae Freddie Mortgage industry of the United States The Canadian Press Fri, 07 Jun 2013 18:20:31 +0000 5852653 at http://www.globalpost.com Fed balance sheet grew in latest week http://www.globalpost.com/dispatch/news/thomson-reuters/130711/fed-balance-sheet-grew-latest-week <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>NEW YORK (Reuters) - The U.S. Federal Reserve's balance sheet grew in the latest week as the U.S. central bank added to its holdings of Treasury debt, Fed data released on Thursday showed.</p> <p>The Fed's balance sheet liabilities, which are a broad gauge of its lending to the financial system, stood at $3.462 trillion on July 10, compared with $3.450 trillion on July 3.</p> <p>The Fed's holdings of Treasuries rose to $1.953 trillion as of Wednesday, from $1.943 trillion the previous week.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130711/fed-balance-sheet-grew-latest-week" target="_blank">read more</a></p> Economy of the United States Fannie Mae Mortgage industry of the United States Thomson Reuters Thu, 11 Jul 2013 21:03:52 +0000 5881859 at http://www.globalpost.com House Republicans eye winding down Fannie Mae, Freddie Mac http://www.globalpost.com/dispatch/news/thomson-reuters/130711/house-republicans-eye-closing-fannie-mae-freddie-mac-five-years <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Margaret Chadbourn</p> <p>WASHINGTON (Reuters) - U.S. House Republicans on Thursday unveiled draft legislation that would wind down mortgage finance companies Fannie Mae and Freddie Mac over a five-year period and sharply reduce the government's role in the market.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130711/house-republicans-eye-closing-fannie-mae-freddie-mac-five-years" target="_blank">read more</a></p> Economy of the United States Fannie Mae Mortgage industry of the United States Thomson Reuters Thu, 11 Jul 2013 15:37:26 +0000 5881544 at http://www.globalpost.com Obama says time for Fannie Mae, Freddie Mac shakeup http://www.globalpost.com/dispatch/news/afp/130806/obama-says-time-fannie-mae-freddie-mac-shakeup <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US President Barack Obama called Tuesday for new efforts to support homeowners but he urged the closing of government-backed mortgage finance companies to limit the risk to public money.</p> <p>Five years after the burst of the subprime housing bubble wreaked havoc on the world economy, Obama made his pitch for reform on a visit to Arizona, one of the worst-hit areas.</p> <p>Obama hailed a recovery in the housing market -- including in Arizona's sprawling capital Phoenix -- with home sales again rising and foreclosures slowing down.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130806/obama-says-time-fannie-mae-freddie-mac-shakeup" target="_blank">read more</a></p> Barack Obama Economy of the United States Fannie Mae Mortgage industry of the United States AFP Wed, 07 Aug 2013 02:36:10 +0000 5904237 at http://www.globalpost.com Extended government shutdown would pinch housing recovery http://www.globalpost.com/dispatch/news/thomson-reuters/131002/extended-government-shutdown-would-pinch-housing-recovery <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Margaret Chadbourn</p> <p>WASHINGTON (Reuters) - The U.S. government shutdown will soon begin to delay the approval process for mortgages and could threaten the nascent housing recovery if it stretches to mid-October or beyond.</p> <p>Because thousands of federal workers have been furloughed, lenders are not able to verify borrowers' income and other data with the Internal Revenue Service and Social Security Administration, making it difficult to authorize loans.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131002/extended-government-shutdown-would-pinch-housing-recovery" target="_blank">read more</a></p> Business Economy of the United States Fannie Mae Mortgage industry of the United States Thomson Reuters Thu, 03 Oct 2013 02:02:34 +0000 5950329 at http://www.globalpost.com Shares of mortgage investment company Cherry Hill Mortgage fall in initial public offering http://www.globalpost.com/dispatch/news/the-canadian-press/131004/shares-mortgage-investment-company-cherry-hill-mortgage-fall <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Shares of Cherry Hill Mortgage Investment Corp. fell in their trading debut Friday after the company raised $130 million in its initial public offering.</p> <p>The mortgage investment company priced its IPO at $20 per share. The stock closed down $1.50, or 7.5 per cent, to $18.50.</p> <p>Proceeds will be used to buy mortgage serving rights and mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, the Moorestown, N.J.-based company said.</p> <p>Its shares now trade on the New York Stock Exchange under the ticker symbol "CHMI."</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> Economy of the United States Fannie Mae Mortgage industry of the United States The Canadian Press Fri, 04 Oct 2013 15:30:55 +0000 5951916 at http://www.globalpost.com JPMorgan to pay $5.1 bn to settle Fannie, Freddie claims http://www.globalpost.com/dispatch/news/afp/131025/jpmorgan-pay-51-bn-settle-fannie-freddie-claims <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>JPMorgan Chase will pay $5.1 billion in a pair of settlements related to mortgage and mortgage-backed securities sold to Freddie Mac and Fannie Mae, US officials said Friday.</p> <p>The settlement resolves part of the tab as the US's biggest bank by assets proceeds with negotiations with the US over a broader pact to resolve mortgage-related violations.</p> <p>jmb/pmh</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> Economy of the United States Fannie Mae Mortgage industry of the United States AFP Fri, 25 Oct 2013 21:35:17 +0000 5971220 at http://www.globalpost.com Ackman's Pershing Square disclosed stakes in mortgage giants Fannie Mae, Freddie Mac http://www.globalpost.com/dispatch/news/the-canadian-press/131115/ackmans-pershing-square-disclosed-stakes-mortgage-giants-fan <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Activist investor Bill Ackman's company has disclosed stakes in government-controlled mortgage giants Fannie Mae and Freddie Mac.</p> <p>In regulatory filings on Friday, Pershing Square Capital Management LP said that it has a 9.98 per cent stake in Fannie Mae and a 9.77 per cent stake in Freddie Mac.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/131115/ackmans-pershing-square-disclosed-stakes-mortgage-giants-fan" target="_blank">read more</a></p> Business Economy of the United States Environment Fannie Mae Health Hospitality Mortgage industry of the United States Politics The Canadian Press Fri, 15 Nov 2013 17:18:48 +0000 5990381 at http://www.globalpost.com New housing regulator to delay Fannie, Freddie mortgage fee hikes http://www.globalpost.com/dispatch/news/thomson-reuters/131221/new-housing-regulator-delay-fannie-freddie-mortgage-fee-hikes <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Margaret Chadbourn</p> <p>WASHINGTON (Reuters) - Congressman Mel Watt, the incoming director of the Federal Housing Finance Agency, said he plans to delay the increase in fees on government-backed loans that the agency announced this month.</p> <p>The North Carolina Democrat was nominated by President Barack Obama in May and confirmed on December 10 by the Senate to head the agency that oversees Fannie Mae and Freddie Mac.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131221/new-housing-regulator-delay-fannie-freddie-mortgage-fee-hikes" target="_blank">read more</a></p> Economy of the United States Fannie Mae Fannie Mae Freddie Mac Mortgage industry of the United States Thomson Reuters Sat, 21 Dec 2013 15:19:30 +0000 6026511 at http://www.globalpost.com Analysis: Fannie, Freddie profits give little reason to shut them down http://www.globalpost.com/dispatch/news/thomson-reuters/140121/analysis-fannie-freddie-profits-give-little-reason-shut-them-do <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Margaret Chadbourn and Emily Stephenson</p> <p>WASHINGTON (Reuters) - A drive to enact legislation to dismantle Fannie Mae &lt;FNMA.OB&gt; and Freddie Mac &lt;FMCC.OB&gt; has stalled after the government-run companies chalked up a string of quarterly profits and groups banking on their survival rallied to their cause.</p> <p>President Barack Obama and lawmakers from both parties have said they want to wind down the two mortgage finance giants, which own or guarantee 60 percent of all U.S. home loans.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140121/analysis-fannie-freddie-profits-give-little-reason-shut-them-do" target="_blank">read more</a></p> Business Economy of the United States Fannie Mae Mortgage industry of the United States Social Issues Thomson Reuters Tue, 21 Jan 2014 23:36:14 +0000 6049361 at http://www.globalpost.com Fannie, Freddie shareholders lobby against U.S. housing reform bill http://www.globalpost.com/dispatch/news/thomson-reuters/140403/former-us-regulator-says-fannie-freddie-investors-stand-lose <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Margaret Chadbourn</p> <p>WASHINGTON (Reuters) - A coalition of investors in Fannie Mae &lt;FNMA.OB&gt; and Freddie Mac &lt;FMCC.OB&gt; on Wednesday launched an effort to stop Congress from moving ahead with a U.S. housing finance reform bill, arguing it would deny them a fair share in any remaining value in the two companies.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140403/former-us-regulator-says-fannie-freddie-investors-stand-lose" target="_blank">read more</a></p> Business Economy of the United States Fannie Mae Law Mortgage industry of the United States Thomson Reuters Fri, 04 Apr 2014 02:02:02 +0000 6112993 at http://www.globalpost.com White House welcomes Senate Banking Committee vote to overhaul mortgage lending http://www.globalpost.com/dispatch/news/the-canadian-press/140515/white-house-welcomes-senate-banking-committee-vote-overhaul- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>WASHINGTON - The White House welcomed bipartisan legislation to overhaul the nation's mortgage financing system that cleared a crucial Senate hurdle on Thursday. The legislation would wind down the giant government-backed lenders Fannie Mae and Freddie Mac.</p> <p>The Senate Banking Committee voted 13-9 to send the bill to the Senate floor. It still faces long odds to pass this year.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140515/white-house-welcomes-senate-banking-committee-vote-overhaul-" target="_blank">read more</a></p> Business Economy of the United States Environment Fannie Mae Health Mortgage industry of the United States Politics The Canadian Press Thu, 15 May 2014 20:16:51 +0000 6148044 at http://www.globalpost.com