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Tag Archives: fannie mae

Baltimore a party to $337M settlement with banks on price-fixing

JPMorgan Mortagage Bonds Probe

Baltimore is one of several government and union plaintiffs that stands to recoup damages sustained in a proposed $337 million settlement of a class-action lawsuit accusing major financial institutions of a price-fixing conspiracy. The city filed a lawsuit earlier this year ...

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Reduced multifamily lending caps for Freddie Mac, Fannie Mae not seen as problem

A reduced lending cap for multifamily loans set by the Federal Housing Finance Agency doesn’t appear to be an issue for 2018. It appears unlikely that Freddie Mac or Fannie Mae, according to Globe, will reach their 2017 lending caps of ...

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Exploring ways to manage student loan debt and take out a mortgage

The college class of 2017 likely graduated last month with more student debt than any class before them. As college costs rise, declining homeownership rates have been named a casualty of the rising student debt. But even when a graduate ...

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JPMorgan paying $5.1B in Fannie, Freddie deal

WASHINGTON — JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky home loans and mortgage securities that it sold them before the housing market collapsed. The Federal Housing ...

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Freddie Mac earns $5 billion in second quarter

WASHINGTON — Freddie Mac earned $5 billion from April through June, the seventh straight profitable quarter for the mortgage giant. The second-quarter gain reported Wednesday compares with net income of $3 billion in the same period of 2012. Freddie says ...

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Closing Fannie, Freddie could boost mortgage rates

WASHINGTON — Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis. Borrowers ...

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