All posts tagged "Freddie Mac"

President Donald Trump's "unpredictable" attack dog and housing finance director, Bill Pulte, fired people at Fannie Mae who were investigating one of his close allies over several complaints.

Pulte announced via X that he had fired Fannie Mae employees over what he described as stopping DEI initiatives. However, six people with information about the ethics team investigating the Pulte supporter said that wasn't the case and "those firings effectively cleared out the company’s internal watchdogs, charged with ensuring Fannie and its officials follow the law," according to The Washington Post.

“DEI HAS PASSED AWAY AT FANNIE MAE,” Pulte wrote on X on Oct. 30. ...

By Elvina Nawaguna

By Margaret Chadbourn

US banking giant Citigroup Wednesday announced an agreement to pay Freddie Mac $395 million to settle claims of potential flaws in millions of mortgages it sold Freddie.

WASHINGTON (Reuters) - Fannie Mae and Freddie Mac are masking billions of dollars losses because of the level of delinquent home loans they carry, a federal watchdog said in an internal report, and it said the companies should be required immediately to recognize the costs of some bad mortgages.

US government-controlled mortgage giant Freddie Mac has sued more than a dozen of the world's biggest banks over losses from the alleged rigging of the Libor interest rate.