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Tag Archives: fannie mae

Bank of America to take $2B charge to settle home loan claims

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 ...

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Mortgage rates edge down after 5 weeks of gains

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 ...

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Treasury Secretary Geithner says bailout will cost less than $25B

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 ...

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Fannie Mae, Freddie Mac address foreclosure mess

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 ...

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