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  1. May 17, 2013

    US wins breathing space on debt ceiling

    The US will not have to raise the federal debt ceiling until September, said Treasury secretary Jack Lew on Friday, in...

  2. May 14, 2013

    US deficit falls faster than expected

    The US budget deficit is declining faster than expected as the rebound of the world’s largest economy helps the government...

  1. May 9, 2013

    Frantastic?

    There was big news early Thursday morning when Fannie Mae announced that it will be paying the Treasury a whopping $59.4bn...

  2. May 9, 2013

    Fannie Mae: cha-ching?

    Cha-ching. Fannie Mae, the US housing finance group bailed out by taxpayers nearly five years ago, will soon hand the US...

  3. May 9, 2013

    Fannie Mae’s $59bn dividend lifts hopes of US taxpayer profit

    Fannie Mae, the US mortgage behemoth rescued during the 2008 financial crisis, will pay a $59.4bn dividend to the US...

  4. May 8, 2013

    The Closer

    ROUND-UP FT markets round-up: "Encouraging macro data releases from China and Germany offered further support to equity...

  5. May 8, 2013

    Fannie Mae and Freddie Mac leak tips off US banks to Harp loans

    Fannie Mae and Freddie Mac have inadvertently tipped off US banks and other big mortgage investors to more loan data than...

  6. May 8, 2013

    US housing market recovery lifts mortgage giant Freddie Mac

    Freddie Mac, the US mortgage giant taken into government conservatorship during the financial crisis, will pay a $7bn...

  7. May 5, 2013

    Fannie/Freddie: the vultures circle

    The US Congress does not get much done these days. But gridlock is working just fine for Fannie Mae and Freddie Mac. They...

  8. May 3, 2013

    Mortgage guarantee withdrawal ‘would hit prices’

    The value of apartment blocks could drop more than 10 per cent in many US cities and some commercial landlords could face...

  9. May 2, 2013

    Pressure to clip Fannie and Freddie’s wings

    Are Fannie Mae and Freddie Mac about to get caught up in a whole new area of partisan controversy? The government-controlled...

  10. May 1, 2013

    Obama picks Mel Watt for housing agency job

    The Obama administration nominated Mel Watt, a Democratic congressman for North Carolina, to run the Federal Housing Finance...

  11. April 11, 2013

    Speculators aim to milk Fannie and Freddie

    That mooing sound you hear in the distance is a cash cow. There has been quite the transformation in the market’s perception...

  12. April 7, 2013

    Fannie Mae: homing in on cash

    “Give me chastity and continence, but not yet.” Uncle Sam may find himself whispering St Augustine’s words now that Fannie...

  13. April 2, 2013

    Fannie Mae swings to $17.2bn profit

    Fannie Mae earned a record net income of $17.2bn in 2012 as the recipient of the biggest bailout in US history returned to...

  14. March 27, 2013

    US plan targets distressed borrowers

    Close to 1m struggling US homeowners could be eligible to have their mortgage payments cut under a new government programme,...

  15. March 25, 2013

    Fannie and Freddie no model for UK housing

    Much is often made of how shrewd the US has been in bringing its financial system through the crisis relatively smoothly,...

  16. March 21, 2013

    Q&A: Will Help to Buy get people on the housing ladder?

    This isn’t the first time since the crash that ministers have tried to stimulate the housing market, is it? There have been...

  17. March 21, 2013

    Treasury dismisses Fannie Mae comparisons

    George Osborne has played down the idea that he is building a British version of Fannie Mae and Freddie Mac, both of which...

  18. March 20, 2013

    Budget 2013: ‘Help to Buy’ parallels US loan system

    George Osborne is edging Britain closer to an American-style government-backed mortgage market by promising to underwrite...

  19. March 19, 2013

    Freddie sues over ‘substantial’ Libor loss

    Freddie Mac has sued more than a dozen banks and the British Bankers’ Association, alleging it suffered “substantial losses”...

  20. March 5, 2013

    Fannie and Freddie set for reduced role

    The US government will create a public utility that will standardise and process new mortgage-backed securities in a step...

  21. February 28, 2013

    Fitch warns on US housing finance reform

    The profitability and dominance enjoyed by US-backed mortgage giants Fannie Mae and Freddie Mac will limit policy makers’...

  22. February 28, 2013

    US watchdog set to weaken derivatives rules

    A leading US regulator is poised to water down rules for derivatives trading that critics argue will allow global banks to...

  23. February 22, 2013

    Private-label mortgage securities take root

    Sequoia Mortgage Trust 2013-1; Sequoia Mortgage Trust 2013-2; and Sequoia Mortgage Trust 2013-3. Sliced and diced packages...

  24. February 20, 2013

    US issuers in residential mortgage bond rush

    An elite group of private issuers are stepping up sales of bonds backed by US residential mortgages, without waiting for new...

  25. January 31, 2013

    US banks squeezed as mortgage profits hit

    US banks are suffering a squeeze on mortgage profits after a bumper two years, adding to pressure on the earnings of Wells...

  26. January 17, 2013

    PNC profits jump on loan expansion

    PNC Financial, the second-biggest regional bank in the US by revenue, set aside $254m for the repurchase of soured loans as...

  27. January 10, 2013

    US home loan rules to be unveiled

    The US consumer regulator will unveil new home mortgage rules on Thursday that provide lenders with a greater shield from...

  28. December 20, 2012

    Record UBS fine unlikely to be the end

    For a while at least, manipulating Libor was a profitable business for UBS. But a record $1.5bn fine to settle US and UK...

  29. December 20, 2012

    Fannie and Freddie face $3bn in Libor losses

    The alleged manipulation of Libor by banks may have cost Fannie Mae and Freddie Mac more than $3bn in uncollected interest...

  30. December 19, 2012

    GM and Treasury – enough already

    The US Treasury, it appears, has had enough of being a shareholder. After selling the last of its AIG stake last week, it...

  31. December 18, 2012

    Tide starts to turn for mortgage securities

    You won’t hear the phrase “subprime mortgage” on a Wall Street securitisation desk any time soon, but you might start...

  32. December 16, 2012

    US banks increase retention of mortgages

    US banks are holding more mortgage loans on their balance sheets rather than send them to the government-backed housing...

  33. December 5, 2012

    Home refinancing rush hits bond investors

    If you are an American refinancing your mortgage at today’s historically low interest rates, you might celebrate closing the...

  34. November 16, 2012

    Seeds of subprime

    Fannie Mae & Freddie Mac: Turning the American Dream into a Nightmare, by Oonagh McDonald, Bloomsbury Academic, RRP£55/$85,...

  35. November 16, 2012

    Investors smart to spurn politics for Fed

    Should investors place their faith in politicians or the central bank? The stock market took a look at a US election result...

  36. November 15, 2012

    Bernanke says cautious banks slow recovery

    US banks are slowing down the recovery by refusing to lend to creditworthy mortgage borrowers, said Ben Bernanke on...

  37. November 12, 2012

    Obama election sparks ‘DeMarco trade’

    Investors in the US are marking down the prices of securities backed by mortgages written before the financial crisis,...

  38. November 7, 2012

    Fannie Mae expects return to annual profit

    Fannie Mae expects to report a net profit this year, its first annual profit since US home prices hit their peak in 2006,...

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