Freddie mac News

MGIC Sues Freddie Mac in Insurance Coverage Dispute

Mortgage insurer MGIC Investment Corp. has sued mortgage financier Freddie Mac and the Federal Housing Finance Administration to settle a dispute over coverage limits on certain insurance policies. MGIC said on Thursday it filed the suit in federal court in …

New York, Federal Office to Cooperate in Mortgage Probes

New York and federal officials will cooperate in investigations of banks bundling mortgages into troubled securities that helped cause the 2008 Wall Street collapse. Attorney General Eric Schneiderman and Steve Linick, the inspector general of the Federal Housing Finance Agency, …

Lender Liability Waivers Key to Mortgage Refinance Deal

The reach of a government effort to help distressed homeowners refinance their mortgages could be largely determined by details on lender liability that will be announced Tuesday. The regulator for government-controlled mortgage finance firms Fannie Mae and Freddie Mac said …

Liberty Mutual Sues Goldman Over Freddie Mac Investment Losses

Boston-based Liberty Mutual Insurance Co. and several of its subsidiaries have sued investment banker Goldman, Sachs & Co. for “making materially misleading statements and omissions” in a preferred stock offering of mortgage lender Freddie Mac in November 2007. The insurers …