(Reuters) - U.S. officials are exploring ways to allow a broader base of financial firms, including nonbank mortgage lenders, to borrow from Federal H.
How to Invest in Real Estate Without Buying A Home cnbcafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnbcafrica.com Daily Mail and Mail on Sunday newspapers.
The U.S. Federal Housing Finance Agency improperly amended stock purchase agreements related to Fannie Mae and Freddie Mac in 2012 to allow the U.S. Treasury to sweep up the companies' net profits, a Washington, D.C., federal jury found on Monday, awarding the companies' shareholders $612.4 million in damages.
The U.S. Federal Housing Finance Agency told a Washington, D.C., federal jury Thursday its decision to amend stock purchase agreements stemming from the 2008 financial crisis, allowing the U.S. Treasury to sweep up Fannie Mae and Freddie Mac's net profits, was reasonable and crucial to ensuring the stability of the American economy.