Embattled Mortgage Giant Agrees to Meet New Standards
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Fannie Mae agreed to keep more cash on hand while it corrects accounting problems, a U.S. regulator said.
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Fannie Mae, the biggest buyer of US mortgages, will correct its accounting and boost capital to a level 30 percent above the required minimum after its federal regulator found errors
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The number of new mortgage approvals in the UK held up in July, the Bank of England reports.
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Fresh signs of strength in the economy have caused mortgage rates to rise. Mortgage company Freddie Mac says the average for a 30-year fixed-rate mortgage is now 5.81 percent, up sharply from 5.72 in last week&#39;s survey.
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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 embattled student lending giant, reached a settlement over its scuttled $25 billion buyout, ending months of legal fighting.
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The company will provide evidence that banks had information about the risks posed by subprime mortgages.
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The subprime mortgage lender Accredited Home Lenders Holding and the private equity fund Lone Star said yesterday they had amended their merger agreement to settle a pending lawsuit between them.
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The mortgage giant returns to quarterly reporting with its Q1 earnings.
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The longtime partners are expected to announce a new deal that looks likely to cover business services.
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Records raise new questions about the business practices of the giant mortgage lender at the center of the subprime mess.
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The new rules would force companies to show that customers can realistically afford their mortgages.
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The deal rescues Countrywide, Americaâs largest mortgage lender and expands the financial services empire of Bank of America, the nationâs largest consumer bank.
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Bank LBBW says it has reached an agreement that clears the way for it to take over German peer Sachsen.
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Accredited Home Lenders Holding Co. , a struggling subprime mortgage lender, said on Monday it agreed to be acquired by private equity firm Lone Star for $400 million.
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The mortgage finance companies can buy $20 billion more in subprime mortgages under rules unveiled today to help a market crippled by tighter lending standards.
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The Nationwide building society has stopped offering the same mortgage deals to new and current borrowers