The U.S. Treasury is being sued by Perry Capital LLC over its handling of Fannie Mae and Freddie Mac.
Tags: Freddie Mac
Ally's ResCap can still be sued even though bankrupt
Judge Denise Cote ruled that Ally's Residential Capital LLC (ResCap) can still be sued by the Federal Housing Finance Agency despite declaring bankruptcy.
Obama proposes overhaul of US mortgage system
President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.
UBS settles with FHFA for USD 885 million
Swiss banking giant UBS settled with the US Federal Housing Finance Agency to pay USD 885 million to Fannie Mae and Freddie Mac.
Fannie and Freddie are not making much progress
Fannie and Freddie are not making much progress The revamp of Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FMCC) was not making much, or any, progress.
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Fannie Mae and Freddie Mac challenged the US through a lawsuit filed in the US Court of Federal Claims after stating that the takeover of the Federal Housing Finance Agency in 2008 was illegal and damaging to the companies.
Freddie Mac announced a higher than market average value for its three month and six month bonds totalling US$3 billion.
Freddie Mac offers ninety day and 120 day bonds. The second largest home mortgage company, Freddie Mac, has announced that it would be selling US$3. 0 billion of reference bills come Monday.
