WASHINGTON (Reuters) - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to ...
Rates on 30-year mortgages edge up, but remain below 5 percent as Fed prepares exit Mortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates at ...
WASHINGTON (Reuters) - Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain U.S. government backing should Congress create a new system for financing U.S. homes, Federal Reserve Board Chairman Ben Bernanke said on Wednesday. The comments follow speculation earlier ...
NEW YORK (Reuters) - Fannie Mae, the largest provider of U.S. residential funding, on Wednesday slashed its forecast for residential investment this quarter following a "setback" in home sales, and warned on its impact on the economic recovery. Fannie Mae <FNM.N> also ...
New court data show surge in cases related to consumer issues in fiscal 2009 The number of new cases in federal courts related to consumer issues surged in the year ended last Sept. 30 as Americans battered by the recession fought foreclosures ...
NEW YORK (Reuters) - Credit card delinquency rates improved at JPMorgan Chase & Co and a majority of others -- a sign the lenders still face hurdles in the wake of the deep recession. The delinquency rates likely received a seasonal boost, ...
Pay czar restrains top salaries at GMAC as auto finance giant loses money, relies on bailout The Obama administration's pay czar is limiting 2010 compensation for top executives at GMAC Inc. because the auto finance giant continues to lose money and can't ...
Stock could find a technical ceiling in the $42 neighborhood Technically speaking, the shares of Capital One Financial Corp. (NYSE: COF, Stock Forum) have more than quadrupled since flirting with the $8 level a year ago. Since the start of 2010, however, ...
WASHINGTON - MARCH 12: U.S. Treasury Secretary Timothy Geithner (R) appears with Export-Import Bank President Fred Hochberg (L) at the Export-Import Bank of the United States 2010 Annual conference March 12, 2010 in Washington, DC. Geithner spoke about the state of the ...
President Barack Obama arrives to speak at the Export-Import Bank's Annual Conference in Washington, Thursday, March 11, 2010. (AP Photo/Charles Dharapak) Copyright 2010 AP News
