housing finance agency

US house prices flat


March 23rd, 2012 - 2:13 pm ICT by IANS
Washington, March 23 (IANS) US house prices were unchanged in January from the previous month on a seasonally adjusted basis, the US Federal Housing Finance Agency (FHFA) reported Thursday.House prices ... Read more...

Posted in Business |

Slight fall in US house prices


February 24th, 2012 - 1:39 pm ICT by IANS
Washington, Feb 24 (IANS) The US house prices fell modestly in the fourth quarter of 2011 on a seasonally adjusted basis, the US Federal Housing Finance Agency (FHFA) reported Thursday.The ... Read more...

Posted in Business |

US house prices fall


February 24th, 2012 - 3:41 am ICT by IANS
Washington, Feb 24 (IANS) US house prices fell modestly in the fourth quarter of 2011.The prices were 0.1 percent lower in the fourth quarter than the previous one, while the ... Read more...

Posted in Uncategorized |

Fannie Mae, Freddie Mac prevented two mn foreclosures: Report


December 7th, 2011 - 1:27 pm ICT by IANS
Washington, Dec 7 (IANS) Fannie Mae and Freddie Mac, the two major US mortgage-finance companies, prevented nearly two million foreclosures since the start of conservatorship in 2008, said a report ... Read more...

Posted in Business |

US seeks to suspend executives’ bonuses at mortgage giants


November 16th, 2011 - 2:11 pm ICT by IANS
Washington, Nov 16 (IANS) The US House Financial Services Committee approved legislation Tuesday aimed at suspending million-dollar bonuses to executives at government-controlled mortgage giants Fannie Mae and Freddie Mac.The vote ... Read more...

Posted in Business |

Fannie Mac seeks $7.8 bn aid from US government


November 9th, 2011 - 1:59 pm ICT by IANS
Washington, Nov 9 (IANS) Fannie Mac, one of the two major US mortgage-finance companies, has said it will request a $7.8 billion aid from the US government after posting huge ... Read more...

Posted in Uncategorized |

Freddie Mac posts huge loss


November 4th, 2011 - 2:10 pm ICT by IANS
Washington, Nov 4 (IANS) Freddie Mac, one of the two major US mortgage-finance companies, said Thursday that it posted a net loss of $4.4 billion in the third quarter, more ... Read more...

Posted in Business |

US sues financial firms over mortgage losses


September 3rd, 2011 - 12:44 pm ICT by IANS
Washington, Sep 3 (IANS) A US federal agency has filed lawsuits against 17 financial institutions, including Indian-American CEO Vikram Pandit-led Citigroup, in an attempt to recover billions of dollars in ... Read more...

Posted in Business |

Treasury’s tarp, Federal bailout costs are around $30 billion


October 6th, 2010 - 7:56 pm ICT by Aishwarya Bhatt
According to the reports, US financial market is facing a crisis and to cease the matter the federal government has devoted $4.7 trillion.It was noted that if the circumstances turn worst then ... Read more...

Posted in Business |

New York to grant $2 million funding to revitalize upstate communities


March 20th, 2010 - 12:04 am ICT by BNO News
ALBANY, NEW YORK (BNO NEWS) – New York Governor David Paterson announced on Friday that $2 million in funding was granted to the new Sustainable Neighborhoods Demonstration Program to revitalize upstate communities.“This ... Read more...

Posted in World News |

Top official at US mortgage giant found dead


April 23rd, 2009 - 1:56 am ICT by IANS
Washington, April 23 (DPA) One of the top officials at the troubled US mortgage lender Freddie Mac was found dead early Wednesday at his home in the Washington suburbs, according to police. The ... Read more...

Posted in Business |

AIG not the only company to pay bail-out bonuses


March 19th, 2009 - 12:06 pm ICT by IANS
Washington, March 19 (DPA) American International Group (AIG), under fire for paying $165 million in retention bonuses using government bail-out money, is not the only government beneficiary to have spent its money ... Read more...

Posted in Business |

US takes steps to ease mortgage crisis


November 12th, 2008 - 8:39 am ICT by IANS
Washington, Nov 12 (DPA) The US Tuesday announced new measures to ease the mortgage market crisis that has threatened the wider US and global economy, offering a streamlined approach to help struggling ... Read more...

Posted in World |

US government takes over mortgage giants Fannie, Freddie


September 8th, 2008 - 3:41 am ICT by IANS
Washington, Sep 8 (DPA) The US government seized control of Fannie Mae and Freddie Mac Sunday, seeking to deflect the rising threat of surging mortgage defaults that were poised to topple the ... Read more...

Posted in Uncategorized |

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