PHOENIX — Buoyed by an improving housing market, President Barack Obama on Tuesday proposed a broad overhaul of the nation’s mortgage finance system, including winding down government-backed Fannie Mae and Freddie Mac. He declared that taxpayers should never again be ...

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WASHINGTON — President Barack Obama has chosen a retired corporate and government official with experience managing numerous organizations in crisis to take over an Internal Revenue Service under fire for targeting political groups. Obama said his nominee for commissioner of ...

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WASHINGTON — Average rates on U.S. fixed mortgages declined this week as concern waned in the financial markets over the Federal Reserve’s possible slowing of its bond purchases this year. Mortgage buyer Freddie Mac said Thursday the average on the ...

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NEW YORK — Citigroup has agreed to pay $968 million to Fannie Mae to resolve potential future repurchase claims on residential mortgage loans originated between 2000 and 2012. A sizable group of the loans were originated during the U.S. housing ...

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WASHINGTON — A bipartisan group of senators on Tuesday proposed an overhaul to the housing finance system that would gradually eliminate Fannie Mae and Freddie Mac, the two government-sponsored mortgage guarantee giants, and shift more mortgage and credit risk to ...

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WASHINGTON — The average U.S. rate on a 15-year fixed mortgage rose above 3 percent this week for the first time in a year, while the rate on the 30-year fixed loan approached 4 percent. Mortgage buyer Freddie Mac said ...

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WASHINGTON — The average U.S. rate on the 30-year mortgage fell closer this week to its historic low and the 15-year rate marked a record low. Low rates are increasing the affordability of buying homes and refinancing. Mortgage buyer Freddie ...

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Home prices are up. Foreclosures are down. Construction is up. And now comes the latest sign of the U.S. home market’s revival: Fannie Mae, the mortgage giant that nearly collapsed five years ago, has earned its biggest yearly profit ever. ...

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Walker & Dunlop Inc., of Bethesda, a real estate lender focused on multifamily loans, announced that it provided more than $415.1 million in financing for health care properties nationwide in 2012. As one of the largest lenders in the country ...

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WASHINGTON — Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the government-controlled mortgage giant. Freddie filed the lawsuit Thursday ...

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