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Freddie Mac

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.
Jul 26, 2013 at 08:24 | Source: Reuters
Edward DeMarco, the acting director of the Federal Housing Finance Agency, said in a statement the resolution provides greater clarity and helps preserve the assets of the two companies. Fannie Mae and Freddie Mac were taken over by the government in 2008 and have been kept afloat with taxpayer dollars.
Jul 08, 2013 at 08:57 | Source: Reuters
The lawsuit, filed in US District Court in Washington, alleges that the Treasury and the regulator for Fannie Mae and Freddie Mac violated a 2008 law that put the two mortgage companies into conservatorship as they faced insolvency at the height of the US financial crisis.
May 07, 2013 at 09:20 | Source: Reuters
Bank of America Corp has agreed to pay USD 1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
Oct 25, 2012 at 11:24 | Source: PTI
The US government has sued Bank of America for USD 1 billion on allegations of a multi-year mortgage fraud.
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Mortgage lenders Fannie Mae and Freddie Mac tumbled Tuesday on news of a deal to close them down. They continue what they did in 2008.The lenders buy mortgages from other lenders, bundle them and sell the bundles to investors with a guarantee the loans will be repaid.

10.50 AM Mar 12th

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Source:BBC - US banking giant Morgan Stanley has agreed to pay $1.25bn (£765.5m) in order to settle a lawsuit over the sale of mortgage-backed securities. The money will be paid to the US regulator that oversees Fannie Mae and Freddie Mac mortgage guarantee firms. US taxpayers had to rescue the two

3.52 PM Feb 5th

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Source:The Hindu BusinessLine - Activist investor Bill Ackman’s company has disclosed stakes in mortgage giants Fannie Mae and Freddie Mac.In regulatory filings on Friday, Pershing Square Capital Management LP said that it has a 9.98 per cent stake in Fannie Mae and a 9.77 per cent stake

1.37 PM Nov 16th 2013

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Source:BBC - JP Morgan has reached a $5.1bn (£3.2bn) settlement with the US Federal Housing Finance Agency (FHFA) over charges it misled mortgage giants Fannie Mae and Freddie Mac during the housing boom. A separate settlement with the US Justice Department is expected to be announced soon

2.47 PM Oct 26th 2013

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Source:Bloomberg - JPMorgan Chase & Co. (JPM) agreed to pay $5.1 billion to settle Federal Housing Finance Agency claims related to home loans and mortgage-backed securities the bank sold to Fannie Mae (FNMA) and Freddie Mac (FMCC), resolving part of a $13 billion 

2.40 PM Oct 26th 2013

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Source:DomainB - A jury has found Bank of America Corp`s Countrywide unit liable for the sale of thousands of defective loans to Fannie Mae and Freddie Mac in the first mortgage-fraud case brought by the US government to go to trial. A federal jury in Manhattan yesterday also found former

2.34 PM Oct 26th 2013

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Source:BBC - Bank of America`s Countrywide Financial unit has been found liable for defrauding two US government-backed mortgage companies by a federal jury. Countrywide, which was acquired by Bank of America in 2008, was accused of selling thousands of defective loans to Fannie Mae and Freddie Mac

3.52 PM Oct 24th 2013

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Source:Market Watch - By Shayndi Raice Bank of America Corp. committed fraud when it sold loans to mortgage finance firms Fannie Mae and Freddie Mac in a scheme called the “hustle,” a jury found Wednesday. Bloomberg Customers use automated teller machines (ATM) at a Bank of America Corp. branch

10.45 AM Oct 24th 2013

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Source:Wall Street Journal - MCLEAN, VA--(Marketwired - Oct 17, 2013) - Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS(R) ), showing average fixed mortgage rates edging higher leading up to the federal budget deadline this 

8.52 PM Oct 17th 2013

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Source:The Hindu BusinessLine - Citigroup agreed to pay government-backed mortgage-financing company Freddie Mac $395 million in compensation for problem mortgages, the company said on Wednesday. Citigroup, the third-largest US bank by assets, said the agreement would resolve potential future

12.21 PM Sep 26th 2013

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Sep 13, 2014 at 10:57 | Source: BBC
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