Banks Settle Bond Price-Fixing Claims for $337M
“The brazen attitude exhibited by Wall Street traders toward public institutional buyers of GSE bonds was shocking,” the lead plaintiff says.
Housing Finance Reform Disappoints Investors
A Treasury Department plan would recapitalize Fannie Mae and Freddie Mac and return them to private control.
Senate Banking Chair Releases Plan To Privatize Freddie, Fannie
The companies are in their eleventh year of conservatorship following the financial crisis.
CFOs on the Move: Week Ending July 27
Fannie Mae, Godiva Chololatier, Titan, Legacy Health, Casa Systems, ProAssurance, Century Aluminum, Atkore, Preferred Apartment, Tableau Software
Fannie Mae Takes $9.9B Hit From Tax Law
The writedown will require the mortgage giant to seek a $3.7 billion cash infusion from the Treasury, its first draw since 2012.
From Private Equity to Consumer Lending: a CFO’s Journey
How Bryan Sullivan, previously a PIMCO portfolio manager, uses that experience as the finance chief of loanDepot.
Nomura, RBS Facing $800M Penalty in Securities Fraud Case
The FHFA said two-thirds of the mortgage loans underlying securities the banks sold had underwriting defects.
Suit Against Ex-Freddie Mac Execs Ends With ‘Whimper’
The lawsuit accused Freddie Mac executives of misleading investors about the amount of subprime housing loans on the GSE's books.
Watchdog Sees Dark Clouds Ahead for Fannie, Freddie
Future profitability of the government-sponsored enterprises is far from assured, says an inspector general report.
Don’t Let Fannie and Freddie Go: Treasury Official
While housing finance needs fixing, "simply returning [the GSEs] to the way they were before" is neither practical nor realistic, says a Treasury adviser.
Obama Cut Would Slash Deferred Tax Liabilities, Study Finds
But a reduction in the corporate rate would also cut the deferred tax assets — and the net worth — of some companies.