WASHINGTON — The nonpartisan Congressional Budget Office has slashed its projections of the current-year fiscal deficit because of bigger-than-expected tax receipts and payments from Fannie Mae and ... Read more
Fannie Mae, the government-sponsored mortgage finance company, and KPMG, its former auditor, have agreed to pay $153 million to investors who bought Fannie’s stock from 2001 to 2004, a period when ... Read more
AFTER receiving unanimous support from the United States Senate, Mary Jo White was confirmed last week as the new head of the Securities and Exchange Commission. At her swearing-in, she praised S.E.C. officials ... Read more
What was so unusual about Phillip Ratliff’s experience in getting approval for his first mortgage was that it wasn’t difficult at all — even though he could afford a down payment of only 5 ... Read more
IN a perfect world, policy makers, legislators and concerned Americans would have spent the last few years conducting an honest dialogue about two important issues: how to resolve Fannie Mae and Freddie Mac, ... Read more
Can the American mortgage market ever function again without Uncle Sam guaranteeing that lenders will be repaid? It is amazing just how few people think it can. “For the foreseeable ... Read more