HSBC Holdings plc (ADR) (NYSE:HSBC), the global banking and financial services institutions has settled with the Federal Housing Finance Agency for $550 million dollars. Bloomberg‘s Trish Regan reported the news on Street Smart. HSBC Holdings plc (ADR) (NYSE:HSBC), as we all know was not the first and perhaps not the last financial institution either to […]
``HSBC agreed on Friday to pay $550 million to settle a lawsuit filed in 2011 by the Federal Housing Finance Agency, the federal regulator that oversees the government's two mortgage finance companies, over troubled mortgage-backed securities sold in the lead-up to the financial crisis... Show More Summary
HSBC agreed Friday to pay $550 million to settle a lawsuit by the Federal Housing Finance Agency over mortgage-backed securities it sold to Fannie Mae and Freddie Mac before the financial crisis.
Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. Under the settlement with the Federal Housing Finance Agency, the conservator for the two government-controlled mortgage finance companies, Goldman Sachs said it agreed to pay $3.15 billion to repurchase mortgage-backed securities from Fannie and Freddie. Show More Summary
Goldman Sachs will pay $3.15 billion to resolve claims it misled Fannie Mae and Freddie Mac on mortgage-linked securities it sold them before the US housing bust, officials said Friday. The Federal Housing Finance Agency, the conservator...Show More Summary
Last night at 4:05 PM E.S.T. the news hit Bloomberg that the Federal Housing Financing Agency was proposing an astoundingly, stupidly strict set of standards for private mortgage insurers who do business with Fannie Mae and Freddie Mac,...Show More Summary
With a new push for increasing credit availability, the Federal Housing Finance Agency may have presented the nation's banks with a new opportunity to boost mortgage lending.
The Federal Housing Finance Agency on Thursday began a two-month comment period on whether it should proceed with previously planned increases of fees that underlie mortgage rates for millions of borrowers.
Massachusetts Attorney General Martha Coakley has filed suit against Fannie Mae, Freddie Mac, and their regulator, the Federal Housing Finance Agency, for allegedly failing to comply with a 2012 state law designed to prevent displacement due to foreclosure. Fannie and...
According to recent remarks by Mel Watt, the new director of the Federal Housing Finance Agency (FHFA), things could be getting easier for some borrowers to qualify for a mortgage.
For those in the real estate finance and home building industry, the coming of Mel Watt as the newly inducted Director of the Federal Housing Finance Agency could not have come at a more propitious time. Since assuming the office in January of this year, Mr. Show More Summary
Mel Watt, as the new director of the Federal Housing Finance Agency, signaled a clear pivot on housing-finance policy in his first public speech Tuesday morning. A few hours later, his predecessor, Edward DeMarco, offered some parting reflections on housing policy at a banking conference in Charlotte, N.C. Their views couldn't have been more different.
Mel Watt, the director of the Federal Housing Finance Agency, outlined a broad shift in housing-finance policy during a speech at the Brookings Institution on Tuesday.
Mel Watt, the head of the powerful Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, is expected to break his silence on Tuesday in a speech to the Washington, D.C. press corps, real estate lobbyists, and housing policy wonks. Show More Summary
Mark Lennihan/AP By Peter Rudegeair and Tanya Agrawal Bank of America (BAC) posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a settlement with the Federal Housing Finance Agency...Show More Summary
The Federal Housing Finance Agency has reached a $9.3 billion settlement related to mortgage-backed securities with Bank of America, Countrywide Financial and Merrill Lynch, the housing regulatory agency said in a release. Here's the release: Washington, D.C. Show More Summary
Credit Suisse Group AG has agreed to pay $885 million to settle allegations by the U.S. Federal Housing Finance Agency that the Swiss bank misrepresented mortgage-backed securities sold in the lead-up to the financial crisis.
WASHINGTON (Reuters) - The U.S. Federal Housing Administration, which turned to the Treasury for aid in 2013, will avoid that fate this year due to efforts to shore up its finances, the White House predicted in its budget proposal on Tuesday.
The Morgan Stanley settlement is the latest agreement between a Wall Street firm and the Federal Housing Finance Agency, which has sued 17 firms seeking compensation for losses that were ultimately born by taxpayers.
A third of the nation’s senators have sent a letter to Mel Watt, the new head of the Federal Housing Financing Agency, urging him to use funds from mortgage giants Fannie Mae and Freddie Mac to fund affordable housing. The...