Goldman Sachs has agreed to pay $3.15 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007.
Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the April-June period as the U.S. housing market continued to recover.
Is the Obama administration failing the housing market? Maybe.
In an effort to distract voters from his tax records, W. Mitt Romney launched a four pronged push back yesterday. Romney’s problem: each move revealed more about the problems with his floundering campaign.
Federal prosecutors say a man who tried to install a virus on Fannie Mae computers in Maryland has been sentenced to 41 months in prison.