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Freddie mac News

Freddie Mac Investigated for Betting Against Homeowners

The U.S. Treasury Department is investigating allegations that Freddie Mac may have deliberately placed bets against homeowners.

In the Media by Christine Mattice

Former Fannie Mae and Freddie Mac CEOs charged with fraud

Washington - On Friday, the Securities and Exchange Commission (SEC) brought civil fraud charges against six former CEOs of Fannie Mae and Freddie Mac. The CEOs are accused of misleading investors about the subprime loans they held before the housing bubble burst.

In the Media by JohnThomas Didymus - 2 comments

Fed. Housing Finance Agency announces Freddie Mac CEO to resign

Washington - The United States Federal Housing Finance Agency announced that Freddie Mac CEO Charles E. "Ed" Haldeman Jr. will step down from his post within the next year. The organization did not explain specifically as to why Haldeman resigned.

In the Media by Andrew Moran

Op-Ed: Floyd Mayweather vs Pacquiao a wish Freddie Roach may regret

The public fooled once can be fooled again. After the Pacquiao Cotto fight Freddie Roach Pacquiaos trainer stated they wanted Mayweather next. Along with the request come some intangibles and mind games that Freddie may not want to play.

In the Media by William Charles Baker - 2 comments

Finance agency orders NYSE delisting of Fannie Mae, Freddie Mac

Stocks plummet for federal mortgage giants Fannie Mae and Freddie Mac after the companies government regulator request they be delisted from the New York Stock Exchange (NYSE) on Wednesday.

In the Media by Vilma Cajigas

Congressmen ask Fannie, Freddie to ease lending laws

Despite the financial turmoil witnessed in the United States over the last year, two important Democratic lawmakers are asking Fannie Mae and Freddie Mac to ease lending laws.

In the Media by Matthew Moran - 1 comment

updated-Freddie Mac's acting CFO found dead

The acting chief financial officer of Freddie Mac was found dead Wednesday morning from what initial reports say was a suicide.

In the Media by KJ Mullins - 4 comments

Fannie Mae, Freddie Mac Pay Out 'Retention Awards'

In the midst of the storm surrounding AIG execs getting huge bonuses after receiving billions of federal bailout dollars, it is being reported that both Fannie Mae and Freddie Mac executives will also be receiving their fair share of "retention awards."

In the Media by Carolyn E. Price - 5 comments

Fannie and Freddie Suspend Forclosures

With the holiday season near, two of the nation’s mortgage giants have announced initiatives to decrease the stress on homeowners facing foreclosure and provide a means by which they can restructure their mortgages to prevent the loss of their homes.

In the Media by Sadiq Green - 2 comments

Obama’s Chief of Staff Was Board Member at Freddie Mac During Scandal

According government reports reviewed by ABC News, Barack Obama’s newly appointed chief of staff, Rahm Emanuel, was a board director at Freddie Mac during the mortgage scandal and the board failed to spot “red flags.”

In the Media by Barbara Sowell - 19 comments

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Freddie Asks for $19M in Aid After 1Q Loss

Mortgage giant Freddie Mac asks government for $19M; posts $1.2B loss in Q1

Watch: Freddie Mac Investments Under Scrutiny

Investigation reveals mortgage giant bet against struggling homeowners.

Freddie Mac Hurting Homeowners?

Is Freddie Mac trying to help homeowners–or hurt them? A recent investigation into trades made by the taxpayer-owned mortgage giant shows that while Freddie with one hand is helping consumers get mortgages, it is, with its other, making those mortgages harder to refinance. Result: Homeowners trying to refinance their way out of high-interest mortgages...

Mortgage Rates Fall Again

Right now could be the best time to buy a home – if you qualify. Prices are close to 10-year lows in most markets, and rates for 30-year fixed mortgages are at their cheapest ever. Mortgage buyer Freddie Mac says the average rate on a...

Fannie, Freddie to Forgive Mortgage Debt?

Morning Business Memo Another big push to help troubled homeowners may be in the works. The acting director of the Federal Housing Finance Agency has softened his stand against allowing Fannie Mae and Freddie Mac to reduce mortgage debt for struggling borrowers. Edward DeMarco says...