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Tag Archive | "housing"

Wells Fargo to pay $869 mn claim to Freddie Mac

Tuesday, October 1, 2013

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Wells Fargo bank said it will pay $869 million to Freddie Mac to settle claims of potential fraud in home loans it sold to the US government-controlled mortgage company

Wells Fargo bank said it will pay $869 million to Freddie Mac to settle claims of potential fraud in home loans it sold to the US government-controlled mortgage company.

Bank of America to cut 2,100 jobs

Monday, September 9, 2013

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A woman leaves a Bank of America on August 7, 2013 in Washington, DC

Bank of America said Monday it would cut 2,100 jobs from its home mortgage unit as a key driver of the business, refinancing, has slowed down with higher interest rates.

Fannie Mae reports record 2012, Q4 earnings

Wednesday, April 3, 2013

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Fannie Mae's headquarters in the nation's capital are seen on November 9, 2011, in Washington

US mortgage finance giant Fannie Mae on Tuesday posted record annual net income of $17.2 billion for 2012, compared with a net loss of $16.9 billion a year earlier.

US mortgage giant Freddie Mac swings to $11 bn profit

Friday, March 1, 2013

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A protest outside a Freddie Mac office in Los Angeles, California on February 2, 2012, against forcible evictions

US mortgage finance giant Freddie Mac has posted an $11 billion annual profit for 2012, compared to a loss of $5.3 billion a year earlier.

Locksmiths, firemen refuse to aid evictions in Spain

Friday, February 22, 2013

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An anti-eviction activist  protests in Barcelona on February 7, 2013

Locksmiths and firemen in Spain are rebelling against a wave of evictions in the economic crisis by refusing to help bailiffs open ruined homeowners' doors to throw them out.

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