The Calvert Foundation on Thursday named Baltimore native Lisa Hall as president and CEO. Hall had been the Bethesda-based nonprofit’s interim CEO since August and was previously the chief lending officer. She took over from former President and CEO Shari ...

Tagged with: bethesda enterprise fannie mae industry jp morgan chase maryland Nonprofit

NEW YORK — Bank of America Corp. reached a $2.8 billion settlement with Fannie Mae and Freddie Mac over claims that one of its businesses sold bad mortgages. The payment is far lower than analysts expected and removes some uncertainty ...

Tagged with: america bank Bank of America Banks charlotte claim fannie mae freddie mac home loans

NEW YORK — Rates on fixed mortgages dipped after rising for five weeks in a row. Still, they remain more than a half-point higher than last month and are at the highest level since late spring. Freddie Mac said Thursday ...

Tagged with: Banking dow jones Economy fannie mae freddie mac housing lending loans Mortgage Bankers Association mortgage rates Recession s&p united states wall street

WASHINGTON — Treasury Secretary Timothy Geithner said Thursday that the $700 billion financial bailout will end up costing taxpayers less than congressional analysts have estimated. The Congressional Budget Office has estimated that taxpayers will lose $25 billion on the rescue ...

Tagged with: bailout Barack Obama congressional budget office democrats Economy fannie mae financial crisis freddie mac republicans timothy geithner treasury secretary washington

WASHINGTON — The government spelled out Thursday just how much the most expensive rescue of the financial crisis will end up costing taxpayers — as much as $259 billion for mortgage buyers Fannie Mae and Freddie Mac. That figure would ...

Tagged with: dividend fannie mae foreclosure freddie mac mortgage Real Estate

Government-sponsored mortgage giants Freddie Mac and Fannie Mae have outlined a plan to combat any deficiencies they might encounter during the foreclosure process. “The country’s housing finance system remains fragile and I intend to maintain our focus on addressing this ...

Tagged with: fannie mae Foreclosures freddie mac