Schumer: Lift limit on Fannie Mae, Freddie Mac
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Senator Charles Schumer yesterday proposed two government-sponsored mortgage giants be allowed to increase their role in the home loan market as a stabilizing force for the troubled mortgage industry.
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Interest rates on U.S. 30-year and 15-year mortgages rose in the latest week as an improving economy stoked fears of inflation, mortgage finance company Freddie Mac said on Thursday.
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A federal regulator yesterday suggested that a measure that would allow Fannie Mae and Freddie Mac to take on jumbo mortgages could divert loan money from less expensive housing.
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Interest rates on U.S. 30-year and  15-year mortgages edged higher this week amid signs the economy  is improving, stoking inflation concerns, mortgage finance  company Freddie Mac said on Thursday.
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Fannie Mae&#039;s &#36;11 billion accounting  scandal should drive the Senate to stop delaying and advance  legislation that would overhaul supervision of U.S. mortgage  finance giants, some Republicans on the Senate Banking  Committee argued on Thursday.
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The New York attorney general subpoenaed mortgage finance giants Fannie Mae and Freddie Mac yesterday as he sought to expand his housing industry investigation by focusing on companies that package house loans and sell them to investors.
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US mortgage finance companies Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.N: Quote, Profile, Research) met affordable housing goals in
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The federal regulator of Fannie Mae and Freddie Mac on Friday said growth limits placed on the two biggest providers of money for U.S. residential mortgages may be lifted as early as February.
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Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson told Congress on Thursday they are open to letting Fannie Mae and Freddie Mac buy more troubled home loans if the companies control risk and agree to tougher oversight.
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The US Department of Housing and Urban Development (HUD) will propose an easing of rules that will require Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.
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Regulators need not lift investment caps on Fannie Mae  and Freddie Mac  in order to rescue troubled subprime borrowers, but new loan products could help some avoid foreclosure, Federal Reserve Chairman Ben Bernanke said in a letter released on Wednesday.
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The rate consumers pay on, for example, a 30-year, $200,000 home loan will likely rise 0.2 percentage point -- an extra $9,200 -- as the largest US buyer of mortgages slows growth to meet regulators&#39; request to boost capital, an analyst said Friday.
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Interest rates on U.S. 30-year and  15-year mortgages rose in the latest week as an improving  economy stoked fears of inflation, mortgage finance company  Freddie Mac said on Thursday.
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Source: Mortgage financer may be forced to keep up to $31B on hand while it fixes accounting woes. WASHINGTON  - Embattled mortgage finance giant Fannie Mae was close to a deal with regulators late
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The staff of the Securities and Exchange Commission has ordered Fannie Mae, the nation&#39;s largest buyer of mortgages, to restate its earnings over the last four years
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Mortgage rates around the country went up this week, with 30-year mortgages climbing to the highest level since early September. Freddie Mac, in its weekly survey released Thursday, reported that rates on
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WASHINGTON -- Fannie Mae, the nation&#39;s largest source for home mortgage financing, said Wednesday that is is considering two placements of up to $4 billion in preferred stock to qualified institutional buyers.