Fannie Mae

• 

  US Company Fires 200 In 'Donation Scam' Related To Telugu Organisations

  US federal mortgage giant Fannie Mae has laid off about 700 employees, including Telugu workers, over the two days.

• Goldman to Pay $3.15 Billion Over US Mortgage Bond Claims

  Goldman Sachs has agreed to pay $3.15 billion to resolve claims that it misled US mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007.

• 

  Goldman Mortgage Deal With Federal Agency Could Reach $1.25 Billion

  The person said Goldman Sachs is discussing a settlement with the Federal Housing Finance Agency (FHFA), which filed 18 lawsuits against Goldman and other banks in 2011 over about $200 billion in mortgage-backed securities that later went sour.

• Bank of America to pay $9.3 billion to settle mortgage bond claims

  The regulator of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency, had accused the bank of misrepresenting the quality of loans underlying residential mortgage-backed securities purchased by the two mortgage finance companies between 2005 and 2007.

• Wells Fargo sells servicing rights on $39 billion in mortgages

  In another sign of the banking industry's retreat from the mortgage market, Wells Fargo is selling servicing rights on $39 billion of home loans to a nonbanking firm.

• Deutsche Bank to pay $1.9 billion to settle US housing agency suit

  Deutsche Bank will pay $1.9 billion to settle a law suit with the US Federal Housing Finance Agency over mortgage-backed securities, part of the bank's efforts to resolve a long list of legal issues.

• JPMorgan in $5.1 billion deal with housing agency

  JPMorgan Chase & Co has agreed to pay $5.1 billion to settle claims that it and firms it bought misled Fannie Mae and Freddie Mac about the quality of mortgage securities and home loans it sold to them during the housing boom.

• JPMorgan to pay tentative $13 billion to settle probes: report

  JPMorgan Chase & Co has reached a tentative $13 billion deal with the US Justice Department and other government agencies to settle investigations into bad mortgage loans the bank sold to investors before the financial crisis, a source familiar with the talks said on Saturday.

• MBIA, Bank of America reach $1.6 billion cash settlement

  The accord will settle all of the two companies' disputes, including liability for MBIA as a counterparty in swap deals with Bank of America. Bank of America will take a charge against previously reported first-quarter earnings and its capital ratios will rise under Basel III as a result of the deal.

• Bank of America Q4 profit falls after mortgage-related charges

  Bank of America Corp's fourth-quarter profit dropped after it took some $5 billion of mortgage-related charges, but the second-largest U.S bank showed signs that it was moving past its problems as it shrank the group that deals with its troubled home loans.

• US sues Bank of America for $1 billion over bad mortgages

  The United States sued Bank of America Wednesday for more than $1 billion for allegedly having sold dodgy mortgages to state-controlled mortgage financiers Fannie Mae and Freddie Mac.

• Geithner: Can't let deficit fears stop investments

  US Treasury Secretary Timothy Geithner said that citizens can't let fear of deficits stop necessary government spending.

• Wall Street gold rush in foreclosed homes

  Even proponents of buying foreclosed homes are advising caution about the kind of returns that investors can expect to reap and the potential negative headlines that can come with being a landlord.

• Indian convicted of planting virus in Fannie Mae servers

  An Indian computer programmer was today convicted by a federal jury of planting a virus on Fannie Mae computer servers to destroy the US mortgage giant's data.Rajendrasinh Babubhai Makwana, 36, of Maryland faces a maximum sentence of 10 years in prison. His sentencing is scheduled for December 8.A federal jury convicted Makwana of "computer intrusi...