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Fannie, Freddie post profits in 2Q; pay dividends

...Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the April-June period as the U...repaid the $116 billion it received from taxpayers.Freddie Mac posted net income of $1.4 billion for the latest quarter...

http://chronicle.augusta.com/news/business/2014-08-07/fannie-freddie-post-profit
Bank of America nears $16 billion-$7 billion settlement with US over sale of securities

...one of its former executives, Rebecca Mairone, liable for fraudulently selling troubled mortgages to Fannie Mae and Freddie Mac. Mairone was ordered to pay $1 million.Millions of Americans lost their homes in foreclosures and found themselves...

http://chronicle.augusta.com/news/business/2014-08-06/ap-source-bank-america-nea
Biz Bits

...billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments.The fine was against Countrywide Financial, which Bank of America purchased...

http://chronicle.augusta.com/news/business/2014-07-30/business-news
Kingston, Perdue vow teamwork after GOP runoff

...noting that he voted against bank rescues under President George W. Bush and bailouts for mortgage giants Fannie Mae and Freddie Mac.Kingston said Perdue cherry-picks from a long voting record that has earned "trust" from conservatives."People...

http://chronicle.augusta.com/news/government/elections/2014-07-19/kingston-perdu
Bank of America takes $4 billion litigation hit

...dispute over mortgage securities with the Federal Housing Finance Agency, the regulator that oversees Fannie Mae and Freddie Mac.However, unlike JPMorgan and Citigroup, Bank of America hasn't settled a federal investigation into its handling...

http://chronicle.augusta.com/news/business/2014-07-16/bank-america-takes-4-billi
Sales of existing homes in US slip to a 20-month low

...group argues.The average rate on a 30-year mortgage was 4.27 percent last week, according to mortgage buyer Freddie Mac. That was down from 4.34 percent the previous week. But the rate is still about a full percentage point above last...

http://chronicle.augusta.com/news/business/local-business/2014-04-22/sales-exist
Biz Bits

...agree to Frannie-Freddie planWASHINGTON - A plan to phase out government-controlled mortgage giants Fannie Mae and Freddie Mac and instead use mainly private insurers to backstop home loans has advanced in Congress.The agreement by two key senators...

http://chronicle.augusta.com/news/business/2014-03-11/biz-bits
A saner approach to mortgages

...could do, considering it's been five years since they spent $187 billion of your money bailing out Fannie Mae and Freddie Mac ? the two government-sponsored finance entities most culpable in the 2008 housing crisis.Unfortunately, the reform...

http://chronicle.augusta.com/opinion/editorials/2014-04-24/saner-approach-mortga
Regulators push for stronger bank capital

...collapsed or nearly fell in the 2008 meltdown, such as Lehman Brothers, American International Group and Fannie Mae and Freddie Mac, showed that threats to the global system can come from any big interconnected firm, not just banks, Petrou noted...

http://chronicle.augusta.com/news/business/2014-04-08/regulators-push-stronger-b
Business news

...dispute over mortgage securities with the Federal Housing Finance Agency, the regulator that oversees Fannie Mae and Freddie Mac. The agency sued 18 financial institutions in 2011 over their sales of mortgage securities.

http://chronicle.augusta.com/news/business/2014-03-26/business-news