Freddie mac News

Supreme Court’s Upcoming 23 Rulings to Touch on Business, Religion, Voting, Students

The Supreme Court heads into the home stretch of Justice Amy Coney Barrett’s first term with a list of big-money and culturally divisive cases still to be decided. Between now and the end of June, the court is due to …

Supreme Court Hears Shareholder Suit over Fannie Mae, Freddie Mac

U.S. Supreme Court justices on Wednesday questioned a bid by shareholders of Fannie Mae and Freddie Mac to pursue legal claims arising from the government’s rescue of the mortgage finance firms following the 2008 housing crisis. The justices heard an …

Private Mortgage Insurers’ Bigger Slice of Freddie Mac Pie Smaller Than Hoped

Mortgage insurance companies are getting a long-awaited shot at expanding their business with Fannie Mae and Freddie Mac. But it’s shaping up to be less lucrative than they had hoped. Freddie Mac on Monday planned to say it will start …

FHA Chief Watt Says Force-Placed Home Insurance Changes ‘Tough’

The Federal Housing Finance Agency has yet to deliver on changes to a controversial type of homeowners’ insurance even as its director told the Senate Banking Committee last week that it’s making progress. So-called force-placed insurance, which banks buy to …

Private Insurers Weigh Backing Veterans’ Mortgages

Private insurers are considering a request by U.S. officials to guarantee mortgages for veterans — the fastest growing part of the market. The Department of Housing and Urban Development is urging mortgage insurers that rely on Fannie Mae and Freddie …

Judge Dismisses Mass. AG Coakley’s Federal Housing Lawsuit

A federal judge has dismissed a lawsuit filed by Massachusetts Attorney General Martha Coakley against the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac, saying the court doesn’t have oversight of the matter. Coakley sued the …

Insurers Could Face Suits Over Fannie-Freddie Insurance Prices

The regulator of Fannie Mae and Freddie Mac will consider suing insurers who charged excessive fees for hazard coverage paid by the two government-owned mortgage companies, an auditor’s report said. Fannie Mae and Freddie Mac could have overpaid about $158 …

Mass. AG Sues Fannie Mae, Freddie Mac Over Foreclosure Law

Massachusetts Attorney General Martha Coakley is suing the Federal Housing Finance Agency (FHFA) and the mortgage giants Fannie Mae and Freddie Mac for allegedly violating the state’s 2012 foreclosure prevention law. The lawsuit alleges the federal housing regulators and the …

Fairholme Offers to Buy Fannie Mae, Freddie Mac Mortgage Insurance Business

Fairholme Capital Management has proposed to buy the insurance businesses of Fannie Mae and Freddie Mac, a move that seeks to resolve the uncertain future of the mortgage financiers by freeing them from U.S. government control. Bruce Berkowitz’s Fairholme said …

Reinsurer Arch to Help Freddie Mac Cover Mortgage Losses

Freddie Mac bought insurance covering a portion of losses on a pool of home loans from Arch Capital Group Ltd.’s Arch Reinsurance Ltd. unit, expanding risk- sharing efforts by the government-backed company. The policy will cover as much as $77.4 …