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Citi settles lawsuit by FHFA over $3.5 bln in mortgage securities
ReutersNEW YORK, May 28 (Reuters) - Citigroup Inc has reached a settlement of lawsuit by a federal agency accusing the bank of misleading Fannie Mae and Freddie Mac into buying $3.5 billion of mortgage-backed securities, a court filing said Tuesday. The...Tags: Freddie Mac, Securities, Derivative Securities, Mortgages, Manhattan (New York City)
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Consumer confidence surges to five-year high
WASHINGTON -- Consumer confidence surged this month to its highest level in more than five years as optimism increased about the state of the economy and its prospects for the rest of the year, according to a closely watched private barometer released...
Tags: Economic Indicator, Fiscal Cliff, Consumer Confidence, Consumers
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High cost of homeownership
As the five-year anniversary of the Lehman Bros. bankruptcy and the collapse of the mortgage market approaches, Americans are still struggling to cope with the consequences of the Great Recession. More than 4 million households have lost their homes to...
Tags: Abraham Lincoln, Business Enterprises, Federal National Mortgage Association, Financial and Business Services, Government
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Is Lawrence Summers the most qualified to succeed Fed's Bernanke?
WASHINGTON -- With the Federal Reserve playing an over-sized role in the U.S. economy, Wall Street investors are keenly interested in who will be the central bank's next chairman when Ben S. Bernanke's term expires in January. The Fed's No. 2 official,...
Tags: Elections, Federal Reserve, Central Bank, Money and Monetary Policy, Lawrence Summers
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Mortgage underwriting rules eased for seniors with assets
WASHINGTON — Here's a heads-up for the growing ranks of seniors whose post-retirement monthly incomes aren't sufficient to qualify for a mortgage under today's tough underwriting standards: Thanks to a rule change by the largest players in the...Tags: Economy, Business and Finance, Homes, Credit and Debt, Interior Policy, Personal Finance
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Fannie Mae to sell $2 bln bills on May 29
ReutersMay 24 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Friday it plans to sell $2 billion of benchmark bills on May 29. The sale will consist of $1 billion of three-month bills, due Aug. 28, 2013, and $1 billion of six-month bills,... -
Allstate investors vote down proposals, back board at annual meeting
Tribune reporterAllstate Corp. investors voted down two shareholder proposals and approved the re-election of its board members at the Northbrook-based insurer's annual meeting. In preliminary results disclosed at the meeting, individual directors received 92 to 99...Tags: Economy, Business and Finance, Allstate Corp., Elections, Annual and Special Corporate Meetings, Tom Wilson
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Foreign central banks' U.S. debt holdings fall: Fed
ReutersNEW YORK (Reuters) - Foreign central banks' overall holdings of U.S. marketable securities at the Federal Reserve fell in the latest week, data from the central bank showed on Thursday. The Fed said its holdings of U.S. securities kept for overseas...Tags: Freddie Mac, Federal Reserve, Central Bank
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Fed balance sheet expands in latest week
ReutersNEW YORK (Reuters) - The Federal Reserve's balance sheet expanded in the latest week on higher holdings of Treasuries and mortgage-backed securities, Fed data released on Thursday showed. The Fed's balance sheet - a broad gauge of its lending to the...Tags: Freddie Mac, Federal Reserve, Mortgages
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Ora Worster
Ora Mae Reffitt Worster, 79, a native of Bath County, died Tuesday, May 21, at North Pointe Rehabilitation Center. She was born Aug. 8, 1933, to the late William Omer and Fannie Mae Reffitt. She had been an employee of Southland Manufacturing. She is... -
Lew says Fannie Mae payment helps delay debt limit until Labor Day
WASHINGTON -- A nearly $60-billion dividend payment to the government by taxpayer-owned Fannie Mae will help push off the effective date on which the U.S. would hit its debt limit until at least Labor Day, Treasury Secretary Jacob J. Lew said Friday....
Tags: Economy, Business and Finance, Holidays, CNBC (tv network), Parties and Movements, Jack Lew
May 28, 2013
|Story| Reuters
May 28, 2013
|Story| Reuters
May 28, 2013
|Story| Los Angeles Times
May 28, 2013
|Story| Baltimore Sun
May 28, 2013
|Story| Los Angeles Times
May 24, 2013
|Story| Los Angeles Times
May 24, 2013
|Story| Reuters
May 21, 2013
|Story| Chicago Tribune
May 23, 2013
|Story| Reuters
May 23, 2013
|Story| Reuters
May 22, 2013
|Story| Jessamine Journal
May 10, 2013
|Story| Los Angeles Times
Original site for Fannie Mae topic gallery.