Freddie Mac Archives - CFO

Supreme Court Rejects Fannie Mae, Freddie Mac Investors’ Claims

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.

By Vincent Ryan | June 23, 2021

High Court to Review Fannie-Freddie Dispute

Risk & Compliance

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.

By Matthew Heller | July 10, 2020

CFOs On the Move: Week Ending June 5

CFOs On the Move: Week Ending June 5

DistributionNOW, 3M, Moderna, Nielsen, Freddie Mac, Tesco, Comcast, Tasty Restaurant Group, WOW!

By Lauren Muskett | June 5, 2020

Banks Settle Bond Price-Fixing Claims for $337M

Risk & Compliance

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.

By Matthew Heller | December 17, 2019

Housing Finance Reform Disappoints Investors

Housing Finance Reform Disappoints Investors

A Treasury Department plan would recapitalize Fannie Mae and Freddie Mac and return them to private control.

By Matthew Heller | September 9, 2019

Senate Banking Chair Releases Plan To Privatize Freddie, Fannie

Corporate Finance

Senate Banking Chair Releases Plan To Privatize Freddie, Fannie

The companies are in their eleventh year of conservatorship following the financial crisis.

By Lauren Muskett | February 4, 2019

Deloitte to Pay $149M Over TBW Loan Fraud

Risk & Compliance

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."

By Matthew Heller | March 1, 2018

Fannie Mae Takes $9.9B Hit From Tax Law

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.

By Matthew Heller | February 14, 2018

From Private Equity to Consumer Lending: a CFO’s Journey

Cash Management

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.

By David Katz | June 6, 2016

Home Sales Continue to Rise; Prices Dip Slightly

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.'

By Katie Kuehner-Hebert | August 20, 2015

Nomura, RBS Facing $800M Penalty in Securities Fraud Case

Risk & Compliance

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.

By Matthew Heller | May 12, 2015

Suit Against Ex-Freddie Mac Execs Ends With ‘Whimper’

Risk & Compliance

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.

By Matthew Heller | April 15, 2015

Watchdog Sees Dark Clouds Ahead for Fannie, Freddie

Risk & Compliance

Watchdog Sees Dark Clouds Ahead for Fannie, Freddie

Future profitability of the government-sponsored enterprises is far from assured, says an inspector general report.

By Matthew Heller | March 20, 2015

Don’t Let Fannie and Freddie Go: Treasury Official

Risk Management

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.

By Katie Kuehner-Hebert | March 6, 2015

Obama Cut Would Slash Deferred Tax Liabilities, Study Finds

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.

By David Katz | March 3, 2015