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Freddie Mac

Nov 19, 2016 at 11:48 | Source: Reuters
A US appeals court appeared unlikely on Friday to overturn an order requiring Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay USD 839 million for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac.
Feb 20, 2016 at 13:14 | Source: CNBC
Fannie Mae's chief executive and its regulator are sounding the alarm on a decline in the institution's capital cushion, which is on course to vanish in 2018, when it would have to ask the US Treasury for emergency funds.
Feb 07, 2015 at 13:23 | Source: Reuters
The Congressional Budget Office on Friday forecast a USD 195 billion US budget deficit for the first four months of the current fiscal year, up from USD 183 billion in the same period last year.
Nov 07, 2014 at 15:26 | Source: CNBC
Residential mortgage-backed securities, or RMBS, were one of the main drivers of the Global Financial Crisis. Investment banks bought housing loans of increasingly questionable quality, packaged them into securities and re-sold them into the market.
Aug 23, 2014 at 16:06 | Source: Reuters
The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the settlement yesterday with the Wall Street powerhouse.
Apr 25, 2014 at 10:14 | Source: CNBC
Bank of America, one of the nation's largest banks and mortgage providers, has been working aggressively to put its mortgage liabilities behind it. Last month, it announced a USD 6.3 billion settlement of its outstanding mortgage-security and other contract issues with Fannie Mae and Freddie Mac.
Mar 27, 2014 at 08:17 | Source: Reuters
The settlement, announced on Wednesday, includes USD 6.3 billion in cash and USD 3.2 billion in securities that Bank of America will purchase from the two housing finance entities.
Mar 22, 2014 at 12:34 | Source: Reuters
The settlement will allow it to resolve all claims in two pending securities lawsuits filed by the Federal Housing Finance Agency (FHFA) against Credit Suisse.
Dec 21, 2013 at 12:16 | Source: Reuters
The deal, negotiated by the Federal Housing Finance Agency, is the second-largest regulatory settlement over claims banks engaged in fraud in packaging and selling mortgage-backed securities, after a USD 13 billion deal with JPMorgan Chase & Co.
Oct 26, 2013 at 15:13 | Source: Reuters
The bank and the agencies' regulator said Friday evening that the settlement was expected to be part of a tentative USD 13 billion deal that JPMorgan is negotiating with federal and state agencies over its mortgage bond liabilities.
Messages on Freddie Mac »

surenindya

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will be left in the world. So, the US will not be able to pul the rug under the Chinese. They have built foreign exchange reserves of over a trillion US dollars in just 3 years. This is real reserve and not like ours with the borrowed money. When Freddie Mac, Freddie Mae and Lehman crisis occurred

1.48 PM Dec 13th 2012

surenindya

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Dear Saffron, Thanks for responding. I generally agree with all your considered views, but in the case of "marginal utility of each unit of money" being an exception I beg to differ. The experience world over, specially in the current period started with Freddie Mac and Freddie May, shows that

2.25 PM Oct 31st 2012

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Source:Bloomberg - There is something very weird about the civil complaint the Justice Department filed this week against Bank of America Corp. (BAC) for allegedly defrauding Fannie Mae and Freddie Mac. Prosecutors are suing under a statute called the False Claims Act,

1.11 PM Oct 27th 2012

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Source:Business Standard - Bank of America Corp employees could face civil fraud charges as part of a federal lawsuit accusing the bank of causing taxpayers more than $1 billion in losses by selling toxic mortgage loans to Fannie Mae and Freddie Mac , a prosecutor said on Thursday. The comments

11.02 AM Oct 26th 2012

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Source:Business Standard - The United States filed a civil mortgage fraud lawsuit against Bank of America Corp , accusing it of selling thousands of toxic home loans to Fannie Mae and Freddie Mac that went into default and caused more than $1 billion of losses. Wednesday`s case, originally brought

1.59 PM Oct 25th 2012

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Source:NDTV Profit - Washington: The United States sued Bank of America Wednesday for more than $1 billion for allegedly having sold dodgy mortgages to state-controlled mortgage financiers Fannie Mae and Freddie Mac. The government charged that Countrywide -- the

10.00 AM Oct 25th 2012

mds2k8

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About MMB  

and promises made by the government to its citizens. It is said that the U.S. national debt is near about $100 trillion. In 2008, the U.S. government censured Fannie Mae and Freddie Mac, who formerly owned or gave guarantee to a maximum number of residential mortgages in America. So now, the U.S. government

12.41 PM Sep 16th 2012

tutus1980

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$16 trillion debt which is now over 100% of GDP and rising fast at the staggering rate of about $125-$130 billion per month or about $4.33 billion per day. This is a ticking time-bomb because the huge debts of Fannie Mae & Freddie Mac are not included and the US Federal Government Guarantees are also

11.49 AM Sep 10th 2012

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Source:Bloomberg - After nearly four years of a zombie existence, the U.S. Treasury Department finally pulled the trigger on Fannie Mae and Freddie Mac. In revising the terms of the companies' bailouts, the Treasury is ensuring the mortgage giants never resume their

11.04 AM Aug 18th 2012

Wire News

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USA-HOUSING-FANNIE-MAE-FREDDIE-MAC:U.S. tweaks Fannie Mae, Freddie Mac bailout terms, requires all profits

8.42 PM Aug 17th 2012

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