Fannie Mae

Fannie Mae and Freddie Mac both narrowed their losses in the fourth quarter of 2010. But they aren't out of the woods yet: Both of the government-sponsored home-mortgage buyers have requested higher amounts of new federal aid than they did in the previous quarter.

What to do with struggling mortgage lenders Fannie Mae and Freddie Mac? Rather than propose a single answer, the Obama administration is offering Congress three options: End the government's role in guaranteeing most mortgages; support the mortgage market only in times of stress; or provide a government guarantee.

Bank of America (BAC) said talks will continue with bondholders who are demanding it buy back securities backed by billions of dollars of bad mortgages. Bank of America has been in talks with investors including Pacific Investment Management Co (Pimco), BlackRock Inc (BLK) and the Federal Reserve...

Fannie Mae and Freddie Mac are encountering growing opposition from banks as they try to make lenders including JPMorgan Chase & Co (JPM) and Bank of America Corp. (BAC) buy back failed mortgage loans. The two government-owned companies are trying to enforce contracts that require banks to...

Historians will look back on Washington's bailout of GM and Wall Street as the right move. That's because it's now clear that the costs of doing nothing would have been far higher, and it turns out that taxpayers may suffer only limited losses on this economic Hail Mary pass.

The rescue of mortgage giants Fannie Mae and Freddie Mac could cost as much as $363 billion over the next three years -- more than double the amount spent so far -- the Federal Housing Finance Agency announced Thursday.

After countless angry political speeches and the threat of economic collapse, the government's $700 billion bailout of banks, insurance companies and auto companies draws to a close Sunday - and it will likely cost only a fraction of what was expected. It will be years before it is possible to...