Justice Probe of Freddie Mac Moving Slowly
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Prosecutors from the US attorney&#39;s office in the District have been busy recently probing whether executives at mortgage giant Fannie Mae profited from accounting irregularities, sources said
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Mortgage rates rose this week, although 30-year mortgages were still below the 6 percent level for a fourth week, Freddie Mac said Thursday.
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Mortgage rates inched up last week, but they remained well below the year-high levels set during the spring. Freddie Mac, in its weekly survey released Thursday, reported that rates on 30-year
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Though Fannie Mae said it was cooperating fully with a federal examination of its accounting, its regulator says the mortgage finance company was so reluctant that the agency had to subpoena documents and witnesses and ask the Justice Department for help enforcing subpoenas.
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A federal panel chooses a go-slow approach to investigating whether workers got cancer at the nuclear weapons facility
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Housing activity has slowed from  recent years but the dragdown should not lead to a recession,  mortgage finance company Freddie Mac  said on Thursday  in its monthly economic outlook.
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D.C.-based business financing provider Allied Capital Corp. on Monday said it received last week a federal request for information related to a criminal investigation involving the company and its Business Loan Express LLC segment.
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The company is doing well while dealing with slower homebuilding and lead-paint litigation.
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The move comes after months of criticism that the F.D.A. was too slow to react to concerns about Vioxx and Celebrex.
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Mortgage rates edged lower as a weak employment report pointed to a softer economy, Freddie Mac reported Thursday.
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Foreclosure actions against Massachusetts homeowners continued at a high pace in May, and likely will remain so for several more months as rising interest rates and a sluggish real estate market leave delinquent borrowers with few options, according to real estate analysts.
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Fannie Mae and Freddie Mac, the giant government-chartered mortgage funding companies, continued to spend more on lobbying in the first half of this year than almost every other corporation in the United States.
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Morningstar is under investigation from the Securities and Exchange Commission for taking too long to correct inaccurate data it published regarding a single mutual fund.
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Fannie Mae, the US biggest government-ruled mortgage lender, faces formal investigation conducted by the US Justice Department of possible accounting fraud.
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Jury selection in the Michael Jackson molestation case has been delayed, but media efforts to learn more about who might eventually sit in judgment of the entertainer are moving ahead.
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A program that offers a special security checkpoint for frequent travelers hasnât rolled out at nearly the pace originally predicted.
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Mortgage rates edged up slightly this week, putting an end to a two-week decline, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.