Supreme Court Rejects Fannie Mae, Freddie Mac Investors’ Claims
But the Court said the plaintiffs could seek remedy on the part of their lawsuit that argues the FHFA's structure was unconstitutional.
High Court to Review Fannie-Freddie Dispute
At stake is the arrangement under which Fannie Mae and Freddie Mac have transferred their profits to the Treasury Department.
CFOs On the Move: Week Ending June 5
DistributionNOW, 3M, Moderna, Nielsen, Freddie Mac, Tesco, Comcast, Tasty Restaurant Group, WOW!
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.