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Freddie Mac

Fannie and Freddie Shares Soar on Hopes of Hedge Fund Windfall

Some of the hedge funds that long ago made bets on the recovery of Fannie Mae and Freddie Mac have greatly benefited in the first few weeks of 2019 as a Trump appointee ascended to become the acting chief of the regulator in control of mortgage giants.

The headquarters of Fannie Mae are seen October 21, 2010 in Washington, DC. The Federal Housing Finance Agency announced today that U.S.-backed mortgage firms Fannie Mae and Freddie Mac, which have already required $148 billion in bailouts, may now need up to $363 billion in taxpayer-funded Treasury Department aid under …

Obama Makes New Push for Minority Mortgages

The Obama administration is demanding that minorities again receive preferences to qualify for mortgages–the same policy that helped trigger the sub-prime mortgage crisis and the 2007-8 financial crash.

The Associated Press

Fiorina: Thatcher Wasn’t Content to Manage Decline, Neither Am I

Republican presidential candidate Carly Fiorina channeled former British Prime Minister Margaret Thatcher at Monday’s Voters First Presidential Forum in New Hampshire. Fiorina stated, “I started out as a secretary in a little nine person real estate firm. I went on to lead

Screenshot

Federal Judge Rules Bank’s Fraud Caused the Financial Crisis

In a devastating precedent that could redefine history, a Manhattan federal judge ruled that Nomura Bank and Royal Bank of Scotland willfully misled Fannie Mae and Freddie Mac into purchasing mortgage bonds that contained numerous fraudulent misrepresentations and underwriting errors.

AP Photo/Dario Lopez-Mills