Freddie Mac sees no further accounting probe : report
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Mortgage finance company Freddie Mac  does not expect the U.S. Justice Department to take further  action in a criminal investigation into accounting  transgressions at the company, the Washington Post reported on  Tuesday.
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But Freddie Mac predicts only a slight increase in rates over the year; 30-year fixed-rate at 5.83%. NEW YORK (CNN/Money) - Mortgage rates rose in the latest week, according to a report released Thursday that
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Though Fannie Mae and Freddie Mac have been arguing that they should be granted authority to buy more mortgages to help ease a credit crunch, data released by the companies this week show that they haven't been using the authority they already possess.
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The inspector general's office at the Department of Housing and Urban Development yesterday declined to release the results of an investigation of the HUD agency that regulates mortgage-funding giant Fannie Mae, saying that such disclosure could "interfere with enforcement proceedings."
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A federal report accusing Fannie Mae, the giant mortgage company, of improper accounting has led to an informal investigation by the Securities and Exchange Commission, the company&#39;s board announced Wednesday.
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Freddie Mac, the No. 2 U.S. mortgage finance company, on Thursday reported an unexpected net loss of $211 million for the first quarter, citing a souring outlook for mortgage credit risk that widened credit spreads.
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Mortgage finance company Freddie Mac (FRE.N) on Wednesday said it may face civil action from the U.S. Securities and Exchange Commission for possible violations of securities laws.
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Freddie Mac  is set to propose  to its management and regulators that it be allowed to create  and sell bonds backed by multifamily mortgages, a move that  would help it expand into apartment financing, The Wall Street  Journal reported on Monday.
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Fannie Mae, the top U.S. mortgage-finance company that is trying to move on from one of the nation's largest accounting scandals, will deliver a long-overdue report on its 2005 earnings by next September, the company's chief executive said on Thursday.
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Sep-27-2004 - Days after Fannie Mae&#39;s federal regulator released a highly critical report on the mortgage giant&#39;s accounting practices, observers say top management may not survive the fallout.
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Freddie Mac (FRE.N: Quote, Profile, Research) , the No. 2 US mortgage finance company, on Monday said it will shutter its broker-dealer business unit in a step
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The ruling was a setback for regulators seeking to strip the compensation of a former Freddie Mac chief executive for his alleged role in the company's accounting scandal.
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Freddie Mac, the second biggest provider of financing for US residential mortgages, said ``significant&#39;&#39; revisions are still required before it can resume quarterly reports of its earnings.
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Average interest rates for U.S. mortgages dropped for the fourth week in a row, to levels not seen since the beginning of the year, according to a survey released by finance company Freddie Mac  on Thursday.
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Citadel Investment Group is not negotiating to buy Bank of America's  prime brokerage unit, a source close to Citadel said, throwing cold water on a media report the hedge fund firm has inspected the bank's books.
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WASHINGTON, Feb. 14  â The Securities and Exchange Commission has completed an investigation of Gradient Analytics and is taking no action against the firm in a case that created a furor last year over subpoenas issued by the S.E.C. to journalists, Gradient said Wednesday.
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WASHINGTON - Mortgage finance company Freddie Mac yesterday agreed to pay $50 million to settle Securities and Exchange Commission charges that it fraudulently misstated earnings over four years.