Minnesota: Counties sue Fannie Mae, Freddie Mac


Minnesota: Counties sue Fannie Mae, Freddie Mac

The Hennepin County attorney's office has filed a federal lawsuit against mortgage giants Fannie Mae and Freddie Mac, claiming the companies illegally failed to pay required taxes on home sales.

Michael Williams gives notice as Fannie Mae CEO

Michael Williams, the executive who was appointed to lead mortgage giant Fannie Mae in 2009 after the federal government seized the company plans to step down as its CEO.

Some familiar names seek to rent out foreclosed homes

The Federal Housing Finance Agency asked for ideas as Fannie Mae and Freddie Mac, the mortgage companies seized by the government in 2008, seek to reduce losses, stabilize neighborhoods and support housing values by turning into rentals a portion of t…

New federal home-loan caps hit Kitsap County hardest

Local real-estate agents and mortgage lenders fear a pending drop in FHA, Fannie Mae and Freddie Mac home-loan limits will harm an already-weak Puget Sound housing market and potentially unravel pending deals. (14 hours ago)

Fannie Mae silence on Taylor Bean led to US$3B fraud

Despite discovering 200 loans acquired from Taylor Bean were bogus, Fannie Mae officials never reported the fraud to law enforcement or anyone outside the company. It led to the ‘largest bank fraud schemes’ in U.S. history (1 day ago)

Legislators, NVAR examine mortgage reforms

Fairfax County’s federal legislators have joined together in rallying around President Obama and his calls to reform the Federal National Mortgage Association and Federal Home Loan Mortgage Corp., better known as Fannie Mae and Freddie Mac, respectivel…