HotmailNews Summary: Fannie earned record $58.7B in Q1
RECORD PROFIT: Mortgage giant Fannie Mae earned a record $58.7 billion from January through March, helped by a stronger housing market and a one-time tax maneuver. Full story
RECORD PROFIT: Mortgage giant Fannie Mae earned a record $58.7 billion from January through March, helped by a stronger housing market and a one-time tax maneuver. Full story
Barney Frank, Former Congressman (D-MA), shares his view on fixing Fannie Mae, the housing market and the state of Wall Street.
WASHINGTON (Reuters) - Fannie Mae <FNMA.OB>, the nation's biggest mortgage finance company, on Thursday said it will pay $59.4 billion in dividends to the U.S. Treasury after a record profit in the first quarter that reflected a multibillion dollar tax-related gain. Full story
WASHINGTON (Reuters) - Fannie Mae <FNMA.OB>, the biggest mortgage-finance company operating under government control, on Thursday said it would pay the U.S. Treasury Department $59.4 billion in dividends during the second quarter after recognizing tax benefits it had written down. Full story
WASHINGTON (Reuters) - Freddie Mac <FMCC.OB>, the No. 2 provider of U.S. mortgage money, on Wednesday said it reaped its second-largest profit ever in the first quarter, a reflection of housing market gains that have taken the steam out of efforts to revamp the nation's home loan system. Full story
(Reuters) - Mortgage finance company Fannie Mae <FNMA.OB> and accounting firm KPMG have agreed to pay $153 million to settle a shareholder lawsuit filed by Ohio pension funds and others accusing the companies of issuing false and misleading financial reports, the Ohio attorney general said on Full story
Fannie Mae expects to remain profitable for the foreseeable future, reports CNBC's Eamon Javers. The company earned $17.2 billion in 2012.
CNBC's Rick Santelli explains why there are bigger matters to look at after Fannie Mae and Freddie Mac posted their largest yearly gains in six years.
CNBC's Kayla Tausche reports Bank of America announced a settlement with Fannie Mae over mortgage repurchases.
A new report says government mortgage giant Fannie Mae paid 20 percent more than required to end a contract with Bank of America quickly. Katerine Mangu-Ward, Reason Magazine, and Andrew Stoltmann, Stoltmann Law Offices, discuss whether taxpayer money ...
CNBC's Diana Olick reports Pacifica Companies bought 699 Fannie Mae properties in the first round of foreclosures.
Edward DeMarco , the regulator of Fannie Mae and Freddie Mac, greets Senate Banking Committee chairman Tim Johnson (D-SD) before a hearing on oversight of the Federal Housing Finance Agency, on Capitol Hill in Washington, April 18, 2013. U.S. President Barack Obama is preparing to name a new regulat
Edward DeMarco, the regulator of Fannie Mae and Freddie Mac, testifies before the Senate Banking Committee hearing on oversight of the Federal Housing Finance Agency, on Capitol Hill in Washington, April 18, 2013. U.S. President Barack Obama is preparing to name a new regulator to oversee mortgage f
A sign in front of the Fannie Mae headquarters is photographed in Washington in this February 11, 2011, file photo. Mortgage finance giant Fannie Mae, helped by the U.S. housing market's continued recovery, posted an $17.2 billion annual profit for 2012 on April 2, 2013, its largest ever yearly gain
(L-R) Richard Syron, former CEO of Freddie Mac, Daniel Mudd, former CEO of Fannie Mae, Leland Brendsel, former CEO of Freddie Mac, and Franklin Raines, former CEO of Fannie Mae, testify at a House Oversight and Government Reform Committee hearing on Capitol Hill in Washington, December 9, 2008. REUT
