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.

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)

Housing financer Freddie Mac returns to profit

The US government-controlled housing financer Freddie Mac reported its first quarterly profit in three and a half years Wednesday, after years of losses on its huge mortgage portfolio. (1 hour 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…

Mortgages: Fixed-rate mortgages reverse big gains of a week ago

CHICAGO — The benchmark 30-year mortgage headed down again this week, erasing most of the big gain it recorded a week earlier as interest rates continued to gyrate in response to the ongoing credit crisis, according to the latest Freddie Mac mortgage survey. (2 hours ago)