Rates on 30-year fixed mortgages fall to 4.95 percent, weeks before Fed exit Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is ...
Nationalized UK lender Northern Rock says it returned to profit in second half of 2009 Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell. ...
Bailed out companies see shares rise on hopes that government rescues could be winding down Shares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake in Citigroup Inc. ...
NEW YORK (Reuters) - The shares of companies bailed out by the U.S. government during the financial crisis surged on Tuesday, fueled by speculation about money-making asset sales, cheap valuations and a recovery. Citigroup Inc <C.N> stock rose as much as 8.4 ...
Lenders accountable for higher broker fees charged to minority borrowers Two subsidiaries of American International Group (AIG) Inc. have agreed to pay a minimum of $6.1 million to resolve charges that they engaged in a pattern or practice of discrimination against black ...
Gov't restates support for Fannie Freddie after lawmaker's comments rattle investors The Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not ...
WASHINGTON (Reuters) - Two AIG units settled federal charges that they discriminated against black home buyers on fees for mortgages and will pay $7.1 million for restitution and education efforts, the U.S. Justice Department said on Thursday. The units, AIG Federal Savings ...
Freddie Mac prices $5.5 billion in three-year notes to yield 1.671 percent Government-owned mortgage finance company Freddie Mac on Wednesday priced $5.5 billion in three-year reference notes. The 1.625 percent notes due on April 15, 2013 were priced at 99.86 to yield ...
NEW YORK (Reuters) - Two key Republicans are urging the House of Representatives to speed up a public hearing to investigate the administration's bailout of home funding giants Fannie Mae and Freddie Mac. In a letter dated March 1, Rep. Darrell Issa, ...
The US home mortage sector remains under siege -- as recent huge losses reported by government-run Fannie Mae and Freddie Mac show -- from high unemployment and troubled loans. "Fannie Mae and Freddie Mac are being hit by continuous problems. That pressure ...
