Federal National Mortgage Association (FNMA:US)

Federal National Mortgage Association News

  • Fannie Mae Settles Accounting Suit for $153 Million

    Fannie Mae and KPMG LLP agreed to settle an eight-year-old investor class action for $153 million, according to Ohio Attorney General Mike DeWine, whose state’s employee pension fund was a plaintiff in the case.

  • EU Bonus Rules, Aussie Bank Rate, Wal-Mart: Compliance

    The European Parliament may ease a planned ban on fund-manager bonuses that top fixed pay if investors get to vote on the larger awards, bringing the rules closer into line with those approved yesterday by national ambassadors on how much bankers can be compensated.

  • Fannie Mae Exempt From County Transfer Taxes, Judge Rules

    Fannie Mae and Freddie Mac are exempt from paying real-estate transfer taxes, a federal judge in Philadelphia said in a ruling that threw out a lawsuit by two Pennsylvania counties.

  • Gupta, UBS, Wells Fargo, BNY Mellon, SocGen in Court News

    The U.S. Securities and Exchange Commission agreed to drop an administrative action against former Goldman Sachs Group Inc. director Rajat Gupta, and he pledged to dismiss a lawsuit claiming the regulatory proceeding violated his constitutional rights.

  • BofA, Goldman, Bear Stearns, Deutsche Bank in Court News

    Bank of America Corp. will pay a record $335 million to compensate Countrywide Financial Corp. borrowers who were charged more for home loans based on race and national origin.

  • Munis, Swap-Trading, Barclays, UBS Trader: Compliance

    U.S. state- and local-government bond underwriters may have to disclose more information about donations to election campaigns backing new debt sales, under a proposal by the Municipal Securities Rulemaking Board.

  • Fannie Mae's Duncan Says Many Behind on Mortgages: Audio

    Doug Duncan, vice president and chief economist at the Federal National Mortgage Association, says 4.5 million Americans are more than three payments behind on their mortgages. Duncan talks with Bloomberg's Pimm Fox and Courtney Donohoe on Bloomberg Radio's "Taking Stock."

  • Wells Fargo Sued Over Reverse Mortgage Policies by Borrowers

    Wells Fargo & Co. was accused in a group lawsuit of ignoring federal rules on reverse mortgages and forcing homes into foreclosure instead of giving heirs a chance to buy them.

  • Fannie, Freddie Sued in Florida Over Transfer Taxes

    Fannie Mae and Freddie Mac, the home mortgage-finance companies now under government control, were accused by Miami-Dade County, Florida, of failing to pay transfer taxes when they took ownership and sold thousands of foreclosed properties.

  • Fannie Mae Sues Insurers Over Mortgage Loan Losses

    Fannie Mae sued insurance companies, including Great American Financial Resources Inc. and The Travelers Cos., claiming they are responsible for losses on the $131 million Fannie Mae paid for fraudulent mortgage loans.

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