mortgage backed securities

JPMorgan Faces Yet Another Big Payout

JPMorgan Chase is nearing an agreement worth close to $6 billion with a group of institutional investors to settle claims over shoddy mortgage-backed securities.

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.