A federal judge dismissed Milwaukee County’s lawsuit to recoup an estimated $1 million it claimed to be owed by Fannie Mae and Freddie Mac in unpaid real estate transfer taxes.Read More »
A bipartisan group of senators on Tuesday proposed an overhaul to the housing finance system that gradually would eliminate Fannie Mae and Freddie Mac, the two government-sponsored mortgage guarantee giants, and shift more mortgage and credit risk to the private sector.Read More »
Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, helped by a record fourth quarter. The 2012 gain was driven by the housing recovery, which has reduced delinquencies and lifted home prices six years after the bubble burst.
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