Jan 11th 2012 1:00AM
WASHINGTON -- The executive who was appointed to lead mortgage giant Fannie Mae in 2009 after the federal government seized the company plans to step down as its CEO. Michael J. Williams announced Tuesday that he will continue as CEO and as a director until a successor is found. "I decided the time is right to turn... Continue Reading »
Dec 21st 2011 10:00AM
SAN FRANCISCO -- California's attorney general filed lawsuits against mortgage giants Fannie Mae and Freddie Mac on Tuesday, demanding that the companies that own some 60 percent of the state's mortgages respond to questions in a state investigation. Attorney General Kamala Harris, whose office filed the lawsuits in San... Continue Reading »
Dec 19th 2011 1:10PM
NEW YORK -- The Securities and Exchange Commission charged six former executives of Fannie Mae and Freddie Mac with securities fraud on Friday for misrepresenting their holdings of high-risk mortgage loans. The SEC is targeting three former executives of Freddie Mac, including chief executive officer Daniel Mudd, chief... Continue Reading »
Dec 2nd 2011 5:16PM
By Bonnie Kavoussi Fannie Mae, Freddie Mac, and other mortgage providers have a Christmas present for struggling homeowners: They won't get thrown out of their houses homes during the holiday season. Fannie Mae and Freddie Mac will not foreclose on any homeowners between December 19 and January 2, according to... Continue Reading »
Nov 29th 2011 1:10PM
The Federal Housing Administration looks poised to replace Fannie Mae and Freddie Mac as the primary government lender of relatively high-cost mortgages. The government recently passed a bill that extended the agency's conforming loan limit to $729,750 in the country's most expensive neighborhoods, while keeping Fannie... Continue Reading »
