Stories tagged: Fannie Mae
Fri., Feb. 17, 2017, 7:32 a.m.
Fannie Mae to pay Treasury $5.5 billion after profit doubles
Fannie Mae said Friday that it will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter.
UPDATED: Tue., Jan. 31, 2017, 4:32 p.m.
Fannie Mae-Freddie Mac should be utilities, trade group says
A powerful housing trade group is wasting no time in pushing the Trump administration and Republican-led Congress to address one of the last unresolved issues from the financial crisis, outlining …
UPDATED: Mon., Jan. 30, 2017, 12:37 p.m.
Citi to exit mortgage servicing, sell $97 billion portfolio
Citigroup plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.
Thu., Nov. 10, 2016, 9:33 a.m.
Average 30-year mortgage rate rises to 3.57 percent
Long-term U.S. mortgage rates rose this week for a second straight week.
Tue., Aug. 2, 2016, 2:30 p.m.
Freddie Mac posts $993M profit in 2Q; paying $933M dividend
Mortgage giant Freddie Mac reported net income of $993 million for the second quarter, down sharply from the same period of 2015.
Thu., May 5, 2016, 7:38 a.m.
Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend
Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments …
Thu., April 14, 2016, 3:51 p.m.
Limited reduction of mortgage principal for stressed homeowners extended
A top federal regulator on Thursday announced a long-awaited initiative to allow some homeowners facing foreclosure to reduce the principal on their mortgages.
Fri., Feb. 19, 2016, 9:12 a.m.
Higher interest rates boost Fannie Mae profit
Fannie Mae, the government-controlled mortgage company, said its net income in the fourth quarter nearly doubled on higher interest rates.
Tue., Nov. 17, 2015
Samuelson: Fannie, Freddie live on despite risks
Government backs more mortgages than prerecession, helping prop up sluggish housing market.
Fri., Jan. 11, 2013
City sues Freddie, Fannie
Spokane city leaders allege they’ve been cheated out of hundreds of thousands of dollars in taxes by two high-profile financial insitutions – money the city would have used to fix …
Mon., Dec. 10, 2012, 1:47 p.m.
Report: Fannie, Freddie managers earned $200K
WASHINGTON — A government report finds median pay for nearly 2,000 senior managers at government-controlled Fannie Mae and Freddie Mac exceeded $200,000 last year.
Wed., Feb. 23, 2011
Housing programs hurt U.S.
Not Seattle! Home prices in the “Queen City” of the Northwest were not supposed to go south. This isn’t Miami, Phoenix or Las Vegas, where suntanned speculators built big, borrowed …
Tue., Aug. 17, 2010, 6:44 a.m.
Government starts talks about new mortgage system
Talk of shrinking the government’s involvement in the mortgage market is growing. Just don’t expect action any time soon.
Wed., June 16, 2010, 10:29 a.m.
Business update: Stocks mostly fall
Stocks mostly fell today after home construction and applications for building permits slumped in May following the end of a homebuyer tax credit. The housing report and a disappointing profit …
Fri., April 23, 2010, 12:54 p.m.
Administration reduces bailout cost estimate
Treasury Secretary Timothy Geithner is telling Congress that the administration believes the final cost of the government’s heavily criticized financial bailout effort could be as low as $87 billion.
Sat., Jan. 31, 2009
Ginnie Mae thrives
BOSTON – Home foreclosures and market volatility are running high. So any investment even remotely connected to mortgages is the last place to look if you’re trying to protect your …