WASHINGTON 鈥� The Treasury Department on Sunday seized control of the quasi-public mortgage finance giants, Fannie Mae and Freddie Mac, and announced a four-part rescue plan that included an open-ended guarantee to provide as much capital as they need to stave off insolvency...
WASHINGTON, Sept 5 - The U.S. government plans to put troubled mortgage finance companies Fannie Mae <FNM.N> and Freddie Mac (FRE.N) under federal control, the New York Times and Washington Post newspapers reported on Friday....
Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.
NEW YORK, Sept 9 - The fall in home mortgage rates this week, after the U.S. government took over giant lenders Fannie Mae and Freddie Mac, has stoked home buyer interest, but the massive inventory...
US President George Bush says mortgage giants Freddie Mac and Fannie Mae have been taken over because they posed "an unacceptable risk" to the economy...
Financial giant Citigroup Inc will support a proposal in Congress to rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, Chief Executive Vikram Pandit said on Thursday...
NEW YORK, Dec 2 - American International Group Inc and the U.S. government have reached an agreement to clear the insurer of its obligations on about $53.5 billion in toxic mortgage debt, the giant insurer...
NEW YORK, Dec 2 - American International Group Inc and the U.S. government have reached an agreement to clear the insurer of its obligations on about $53.5 billion in toxic mortgage debt, the giant insurer...
LONDON, Sept 17 - British bank Lloyds TSB is in advanced talks to buy domestic rival HBOS Plc to create a 28 billion pound ($50 billion) mortgage giant. Here are some facts about the two...
(This article was originally published Monday) WASHINGTON --The Treasury Dept. is moving to ensure that mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) will be able to deduct billions in tax losses, should they...