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.
Deloitte to Pay $149M Over TBW Loan Fraud
The government says the TBW financials audited by Deloitte failed to reflect the mortgage originator's "severe financial distress."
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.
Home Sales Continue to Rise; Prices Dip Slightly
'The creation of jobs added at a steady clip and the prospect of higher mortgage rates and home prices ... is encouraging more households to buy.'
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.