JPMorgan Paying $5.1 Billion In Fannie, Freddie Deal JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky home loans and mortgage securities it sold them before the housing market collapsed.
US Budget Deficit Down 37.6 Percent Through July, Lowest In 5 YearsThe government has reported a $97.6 billion deficit for July but remains on track to post its lowest annual budget gap in five years.
Freddie Mac Earns $5 Billion In Second-QuarterFreddie Mac earned $5 billion from April through June, the seventh straight profitable quarter for the mortgage giant.
Obama to Urge Congress to Shutter Fannie, Freddie President Barack Obama, seeking to buffer taxpayers from future housing market downturns, will urge Congress this week to back bipartisan efforts to shutter Fannie Mae and Freddie Mac, the mortgage-giants bailed out by the government in 2008.
Making Sense Of Obama's Housing MarketIs the Obama administration failing the housing market? Maybe.
Ex-CEO Greenberg: Don't Blame Me For AIG Failure Four and a half years after insurance giant AIG collapsed, leading to the biggest bailout of the financial crisis, former CEO Hank Greenberg has one message: Don't blame me.
Bipartisan Report Calls For Elimination Of Fannie Mae, Freddie MacA new federal housing report is calling for the elimination of mortgage lenders Fannie Mae and Freddie Mac.
Fed Report: 'Inadequate' Government Oversight On Fannie, Freddie A government report finds median pay for nearly 2,000 senior managers at Fannie Mae and Freddie Mac exceeded $200,000 last year.
Bernanke: Banks' Overly Tight Lending Standards May Be Hold Back EconomyFederal Reserve Chairman Ben Bernanke said Thursday that banks' overly tight lending standards may be holding back the U.S. economy by preventing creditworthy borrowers from buying homes.
Freddie Mac Requests $19 Million In Additional Aid After Posting LossGovernment-controlled mortgage giant Freddie Mac is requesting $19 million in additional federal aid after posting a loss for the first quarter of this year.
Obama Promoted Housing Plan During Visit To James Lee Community Center In Falls ChurchThe Obama administration is trying to fix a stubborn drag on the economy by allowing all homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth.
Analysis: Romney Proves He's Tough And Adaptable Mitt Romney's resounding win in the Florida GOP primary is a warning shot to any Democrats who think the former Massachusetts governor will be a soft target.