Freddie Mac wants to enter the secondary home equity loan market in a win-win for the government, Wall Street and consumers
Hello unintended consequences!
Inside a byzantine corner of the US financial system
Value of mortgages for purchase by Fannie Mae and Freddie Mac rises 18% after ‘exceptionally fast’ price increase
New capital proposal envisages world’s largest ever IPO next year for mortgage finance giants
Fannie Mae caps amount companies will have to pay to cover borrowers’ missed payments
Government policy could exacerbate an already tricky situation
Regulator says US mortgage guarantors have sufficient resources for about 12 weeks
US Treasury will no longer grab all profits from nationalised mortgage giants
Long-awaited presidential memo calls for congressional participation in reform process
Move considered to end 10-year government control of state-backed mortgage groups
Critics complain current system is outdated and locks millions out of home ownership
New rules for US mortgage finance giants reduce likelihood of future bailouts
Insurer wants Sifi label dropped but a looming regulatory vote could be close
Deal with FHFA a significant step in bank’s attempts to clean up misconduct issues
Provision takes total set aside for pending penalties to just under $8.3bn
UK bank settles with credit union agency but faces paying billions in other cases
Declining net income at government-backed mortgage company points to fragile housing market
SEC accuses three of defrauding customers by artificially inflating and deflating prices of bonds
Assertion over mis-selling claims as UK prepares for share sale
Hedge funds suing the government cheer outcome of trial
US judge hits out at ‘enormous’ level of falsity over mortgage loans
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