``... now Fannie and I apparently agree on one thing... the candidates are both missing the boat by ignoring future U.S. housing policy in their respective campaigns... At a minimum, wouldn't you expect to hear Hillary talking about what she plans to do about affordable housing in this country? We have a huge shortage in this area and doesn't it sound like something a Democrat would be men
WASHINGTON -- Bank of America Corp. said Monday it had agreed to pay more than $10 billion to Fannie Mae to settle claims related to troubled mortgages sold largely by Countrywide Financial Corp. during the subprime housing boom.
Bank of America agreed on Monday to pay more than $10 billion to Fannie Mae to settle claims over troubled mortgages that soured during the housing crash, mostly loans issued by the bank's Countrywide Financial subsidiary.
WASHINGTON — Wells Fargo & Co. said Monday it has agreed to pay $591 million to Fannie Mae to settle disputes over soured mortgages the bank sold to the seized housing finance giant during the subprime housing boom.
The government’s top number-crunchers can’t agree if Fannie Mae and Freddie Mac will be a financial drain on the federal coffers in the future. The Office of Management and Budget, a unit of the White House, estimates that the two m...