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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
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
FDIC suit says 16 big banks rigged key rate

...bonds and other investments whose value is pegged to LIBOR.Government-controlled mortgage giants Fannie Mae and Freddie Mac have brought similar suits against many of the banks.Under a change announced last July, the London-based company...

http://chronicle.augusta.com/news/business/2014-03-14/fdic-suit-says-16-big-bank
Future homebuyers could feel pinch from plans to scrap Fannie Mae, Freddie Mac

...follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants...housing finance system, ends the bailout of Fannie Mae and Freddie Mac and sustains the 30-year fixed rate mortgage ? all...

http://chronicle.augusta.com/news/business/2013-08-07/future-homebuyers-could-fe
Obama administration to scale back Fannie Mae, Freddie Mac

...the terms of its bailout agreement with Fannie Mae and Freddie Mac in a way that will shrink the holdings of the two mortgage...next step toward responsibly winding down Fannie Mae and Freddie Mac while continuing to support the necessary process of...

http://chronicle.augusta.com/news/business/2012-08-17/obama-administration-scale
Obama pitches mortgage overhaul

...including winding down government-backed Fannie Mae and Freddie Mac. He declared that taxpayers should never again be left...cornerstone of that effort is winding down Fannie Mae and Freddie Mac, a proposal with bipartisan support in the Senate...

http://chronicle.augusta.com/news/business/2013-08-06/obama-pitches-mortgage-ove
2008 transcripts show Federal Reserve struggling to grasp crisis

...the collapse and rescue of investment bank Bear Stearns, the government takeover of mortgage giants Fannie Mae and Freddie Mac, the fateful decision to let investment bank Lehman Brothers fold in the largest bankruptcy in U.S. history and...

http://chronicle.augusta.com/news/business/2014-02-21/2008-transcripts-show-fede
US home prices dip for second consecutive month

...percentage point higher than they were last spring, although they remain low by historical standards. Mortgage buyer Freddie Mac said last week that the average rate on the 30-year loan is 4.33 percent.Sales of existing homes plunged in January...

http://chronicle.augusta.com/news/business/2014-02-25/us-home-prices-dip-second-
Freddie Mac paying $125 million civil fine

WASHINGTON -- Mortgage giant Freddie Mac has agreed to pay a $125 million...supervises government-sponsored Freddie Mac and its larger rival Fannie Mae...report includes a requirement that Freddie Mac reward its executives on the basis...

http://chronicle.augusta.com/stories/2003/12/11/bus_390379.shtml
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