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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
WASHINGTON - FEBRUARY 25: Special Master for Troubled Asset Relief Program Executive Compensation Kenneth Feinberg testifies during a Committee on Financial Services hearing on Compensation in the Financial Industry - the Government Perspectives on Capitol Hill February 25, 2010 in Washington, DC. ...
Bernanke says Fed will look into Wall Street's use of credit default swaps involving Greece Federal Reserve Chairman Ben Bernanke told lawmakers Thursday that the central bank is looking into the use by Goldman Sachs and other Wall Street firms of high-risk ...
