-
Trump Says Jerome Powell Should 'Resign Immediately' After FHFA Director Alleges Fed Chair Lied About $2.5 Billion Renovation Plan
Wednesday, July 2, 2025 - 8:33pm | 565Read More...President Donald Trump has publicly demanded the resignation of Federal Reserve Chair Jerome Powell. This call comes in the wake of accusations from the Federal Housing Finance Agency Director, alleging that Powell provided misleading testimony. What Happened: Trump voiced his demand for...
-
Bitcoin, Ethereum Could Soon Help You Get A Mortgage — Cathie Wood's Ark Invest Sees $12 Trillion Opportunity After FHFA Move
Tuesday, July 1, 2025 - 7:14am | 768Read More...Ark Invest, a leading investment management firm led by Cathie Wood, has highlighted a pivotal development set to bridge the world of blockchain-based capital with the substantial U.S. mortgage market. What Happened: According to Nick Grous, an associate portfolio manager at Ark Invest, the recent...
-
Michael Saylor Offers BTC Credit Model As Bill Pulte Pushes Crypto For Fannie Mae, Freddie Mac: Could Bitcoin Soon Count Toward Mortgage Qualification?
Wednesday, June 25, 2025 - 4:09am | 755Read More...The U.S. housing finance landscape may be on the brink of a huge shift as Federal Housing Finance Agency (FHFA) Director Bill Pulte, appointed in March 2025 under President Donald Trump, announced plans to study cryptocurrency holdings, including Bitcoin (CRYPTO: BTC), for mortgage qualifications....
-
Federal Housing Finance Chief Calls On Powell To Lower Interest Rates: 'The Housing Market Would Be In Much Better Shape'
Wednesday, May 28, 2025 - 3:51am | 626Read More...Federal Housing Finance Agency (FHFA) Director William Pulte urged Federal Reserve Chair Jerome Powell to reinstate the central bank’s interest rate cuts. What Happened: Pulte took to the social media platform X on Monday to express his stance. He posted, “Jay Powell...
-
Fannie Mae, Freddie Mac In Upheaval As Trump Administration Considers Privatizing Mortgage Giants
Friday, March 21, 2025 - 9:59am | 497Read More...President Donald Trump's newly appointed director of the Federal Housing Finance Agency Bill Pulte on Thursday fired the CEO of mortgage giant Freddie Mac (OTC:FMCC) and placed two senior FHFA officials on administrative leave. The Details: Pulte fired Freddie Mac CEO Diana Reid and placed...
-
Will The FHFA Suspend Fannie & Freddie's Dividend Payments To Treasury?
Monday, May 15, 2017 - 11:33am | 512Read More...Federal Housing Finance Agency director Mel Watt testified in front of the Senate Banking Committee last week and said his top priority regarding Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) is to ensure that they're capitalized enough so...
-
FHFA House Price Index Gains In February, Existing Housing Sales Expected To Increase
Wednesday, April 22, 2015 - 9:40am | 228Read More...Housing data was scheduled to be reported on Wednesday, beginning with the FHFA House Price Index at 9am. The FHFA House Price Index for February came in at 0.70 percent and was in line with the consensus estimates. The print was also above the prior reading of 0.30 percent. At 10am on...
-
Freddie Mac Is Selling $410 Million In Delinquent Loans
Thursday, January 29, 2015 - 3:43pm | 417Read More...Government-backed mortgage giant Freddie Mac (OTC: FMCC) recently announced that it will be selling $410 million of deeply delinquent mortgage loans in a continued effort to clean up its balance sheet. The Federal Housing Finance Agency (FHFA) is pressing Freddie Mac and cousin Fannie Mae (OTC...
-
Markets Close Higher Ahead Of Busy Earnings Season
Friday, July 11, 2014 - 4:40pm | 2373Read More...U.S. stocks rose ahead of next week's busy earnings schedule, but still finished lower for the week. On Tuesday, Yahoo! and Intel kick off earnings in the tech sector with eBay following on Wednesday. Investors will also see results from Citigroup, Goldman Sachs and JPMorgan Chase in the...
-
What First Horizon's FHFA Settlement Means For RBS and Goldman
Wednesday, April 30, 2014 - 8:19pm | 934Read More...The Federal Housing Finance Agency (FHFA) has settled the smallest securities fraud suit that remained of the 18 it had filed back in 2011, regarding mortgage-backed securities sold to Fannie Mae and Freddie Mac. First Horizon National (NYSE: FHN) on Tuesday agreed to pay $110 million, which is...
-
Goldman Sachs And Others Still Face FHFA Suits
Tuesday, April 29, 2014 - 2:19pm | 632Read More...As headlines tout negotiations of a $13 billion mortgage settlement between Bank of America (NYSE: BAC) and JPMorgan Chase, it's important to remember other lawsuits are ongoing. Back in 2011, the Federal Housing Finance Agency sued 18 banks for securities fraud relating to mortgage backed...
-
JPMorgan Will Likely Pay the Government $13 Billion to Settle Civil Claims
Monday, October 21, 2013 - 7:44am | 533Read More...According to sources, JPMorgan Chase (NYSE: JPM) is close to a $13 billion settlement agreement that would end U.S. probes of its mortgage-bond sales and would settle all civil disputes with the government but there’s still a looming issue that has investors and analysts concerned. You read it...
-
Principal Reduction: To Be Or Not To Be, That Is The Question
Wednesday, April 11, 2012 - 11:48am | 844Read More...“To be, or not to be, that is the question: Whether ’tis Nobler in the mind to suffer The Slings and Arrows of outrageous Fortune, Or to take Arms against a Sea of troubles, And by opposing end them: to die, to sleep” Where is Shakespeare and his logic when we need him?Ed DeMarco, head of...
