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 ...

Tagged with: bank Bank of America Banks department of justice fannie mae federal housing finance agency freddie mac JPMorgan Chase

WASHINGTON — A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure, resisting pressure from the Obama administration. The Federal Housing Finance Agency announced the decision ...

Tagged with: Barack Obama fannie mae federal housing finance agency foreclosure freddie mac homeowners principal taxpayers timothy geithner treasury department

WASHINGTON — Home prices rose in nearly all major U.S. cities in April from March, further evidence of a housing market that is slowly improving even while the job market slumps. The Standard & Poor’s/Case-Shiller home price index released Tuesday ...

Tagged with: corelogic fannie mae federal housing finance agency freddie mac home prices home values Real Estate sales standard & poor's/case-shiller home-price index standard and poor's

WASHINGTON — The U.S. government has started selling off its stock of homes in foreclosure. The Federal Housing Finance Agency said Monday that a group of investors purchased the first of 2,500 homes being sold as part of a foreclosure-to-rental ...

Tagged with: credit fannie mae federal housing finance agency foreclosure freddie mac housing Real Estate rental united states

President Barack Obama is offering mortgage relief to struggling homeowners in hard-hit Nevada and around the country — saying he can’t wait for an “increasingly dysfunctional Congress” to act. The president said Monday that “where they won’t act, I will.” ...

Tagged with: Congress fannie mae federal housing finance agency foreclosure Foreclosures freddie mac homeowners jobs RealtyTrac refinancing white house

WASHINGTON — Mortgage giant Fannie Mae knew about allegations of improper foreclosure practices by law firms in 2003 but did not act to stop them, a government watchdog says. Similar allegations are the subject of a probe by state attorneys ...

Tagged with: affidavit fannie mae federal housing finance agency Foreclosures mortgage mortgage industry paperwork Real Estate watchdog

WASHINGTON — Fannie Mae missed chances to catch law firms illegally signing foreclosure documents and its government overseer did not take the right steps to ensure Fannie was doing its job, according to a federal watchdog. The Federal Housing Finance ...

Tagged with: fannie mae Federal Deposit Insurance Corp. federal housing finance agency foreclosure Foreclosures freddie mac investigation lawyers mortgage industry robo-signing