The House Financial Services Committee has issued subpoenas to two federal government agencies and a branch of the central bank requesting information and documents regarding the government's too big to fail designation and the Obama Administration's debt ceiling, according to an announcement Monday on the ...

The government's Home Affordable Refinance Program and Home Affordable Modification Program will be extended until the end of 2016, according to an announcement from FHFA Director Mel Watt on Friday. Speaking at the Greenlining Institute 22nd Annual Economic Summit, Watt ...

Fannie Mae reported a net income of $1.9 billion dollars for the first quarter of 2015, up from $1.3 billion from the previous quarter, according to Fannie Mae's Q1 2015 financial results released Thursday. The primary driver of the nearly 50 percent quarter-over-quarter ...

Housing and economic activity has returned to or exceeded normal levels in 68 of about 360 metropolitan areas in the country as of the end of Q1 2015, according to the National Association of Home Builders/First American Leading Markets Index ...

Freddie Mac's net income for the first quarter of 2015 totaled 524 million dollars, nearly double the total of a profitable but somewhat slow fourth quarter, according to Freddie Mac's Q1 2015 Financial Report released Tuesday morning. Derivative losses were largely responsible for ...

Fitch Ratings affirmed that while Fannie Mae and Freddie Mac maintained a "Stable Rating Outlook" in April due to direct financial support from the U.S. government, the ratings company said it expected the controversial FHFA's conservatorship of the two Enterprises would continue indefinitely. Fitch said ...

The number of residential mortgage borrowers in a negative equity position during January 2015 was reported at slightly more than four million, which is a decline of 29 percent from the same period in 2014, according to Black Knight's March 2015 ...

Fannie Mae and Freddie Mac would likely need another sizable draw from the U.S. Department of Treasury should an economic downturn occur, according to data released by the Federal Housing Finance Agency on Thursday. The Dodd-Frank Act Stress Tests report indicated that the two GSEs would need ...

The Bureau of Economic Analysis reported in the first estimate for Q1 on Wednesday that real GDP grew at an annualized rate of just zero point 2 percent during the quarter, only a fraction of the 2.8 percent that has ...

Distressed home sales accounted for 13.5 percent of all home sales nationwide in February 2015, which represented a decline of 3 percentage points from February 2014, according to CoreLogic's February 2015 Distressed Sales data released Tuesday. February 2015's distressed sales share ...