Want to Refinance Your Student Loans? The CFPB Wants to Help
The Consumer Financial Protection Bureau wants to help people struggling with heavy student loan debt get the same kind of ability to refinance that mortgage-holders have.
Freddie Mac
5 Things You Must Know About Mortgages
Even after the housing crisis, many potential buyers still don't know even the most basic things about mortgages. Here are five essential facts about financing a home.
Fannie Mae Posts Record $60B Quarterly Profit
Mortgage-backer Fannie Mae will pay a dividend of $59.4 billion to the U.S. Treasury next month, a feat thought unthinkable just a few years ago following a federal bailout.
Court: U.S. Can Pursue Case Against BofA Over Mortgages
A federal judge rules that the U.S. can pursue parts of a civil lawsuit against Bank of America for its sale of toxic mortgages to Fannie Mae and Freddie Mac.
Freddie Mac Posts Near-Record Profit in First Quarter
Mortgage giant Freddie Mac earned $4.6 billion from January through March, helped by a stronger housing market.
Should We Get Rid of Fannie Mae and Freddie Mac?
What if Fannie Mae and Freddie Mac, the government-owned housing agencies that backstop so many of the nation's mortgages, ceased to exist? A new report from an influential bipartisan think tank says that's what should happen.
Her Financial Goal: Getting an Underwater Mortgage Afloat Again
Everyone has things they want to improve about their financial lives -- and we at DailyFinance are no exceptions. So we asked money expert Jean Chatzky for advice on how to reach our goals. Today: A photo editor looking to modify an underwater mortgage.
Fannie Mae, Freddie Mac Managers' Median Pay: $200,000 a Year
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. The Federal Housing Finance Agency, which oversees the two mortgage giants, also did an inadequate job monitoring pay, according to the report.
Hurricane Sandy Victims: Disaster Relief Programs You May Not Know About
After a natural disaster like Hurricane Sandy, victims are understandably desperate to receive relief funds, but they often don't know the best way to get them. DailyFinance is here to help, with this list of programs designed to help you rebuild after the storm.
Fannie Mae, Freddie Mac Give Relief to Borrowers Hit by Hurricane Sandy
Fannie Mae and Freddie Mac extended their disaster-relief policies to borrowers whose homes were damaged by Hurricane Sandy. The aid applies to property owners living in towns and cities along the eastern United States that have been declared disaster areas by President Obama.
U.S. Sues Bank of America for $1 Billion for Mortgage Fraud
The top federal prosecutor in Manhattan says he's suing Bank of America for $1 billion for mortgage fraud against Fannie Mae and Freddie Mac. U.S. Attorney Preet Bharara says Countrywide had procedures designed to process loans at high speed and generated thousands of fraudulent loans.
Average on 30-year US Mortgage Falls to 3.59%
Average U.S. rates on fixed mortgages fell this week and are just slightly above record lows reached earlier this year. The low rates have contributed to a modest housing recovery.
Treasury Tightens Up Terms of Fannie and Freddie Bailout Deal
The government is changing the terms of its bailout agreement with Fannie Mae and Freddie Mac in a way that will shrink the holdings of the two mortgage giants more quickly and will require payment to the government of all quarterly profits the companies earn.
Fannie Mae Posts $2.2 Billion Net Gain for Second Quarter
Fannie Mae earned $2.2 billion from April through June, its second quarterly gain in net income since it was taken over by the government during the 2008 financial crisis.
Government Bars Fannie-Freddie from Reducing Principal
A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure, resisting pressure from the Obama administration. The Federal Housing Finance Agency announced the decision Tuesday after months of considering the option.