President Barack Obama intends to nominate Rep. Melvin Watt to head the Federal Housing Finance Agency, the government regulator that oversees lending giants Fannie Mae and Freddie Mac, and he has chosen a former cable and wireless industry lobbyist to head the Federal Communications Commission, according to White House officials.
Is the Obama administration failing the housing market? Maybe.
Bank of America says its fourth-quarter earnings shrank as it cleaned up old problems from its mortgage unit.
The top federal prosecutor in Manhattan says he’s suing Bank of America for $1 billion for mortgage fraud against Fannie Mae and Freddie Mac.
In an effort to distract voters from his tax records, W. Mitt Romney launched a four pronged push back yesterday. Romney’s problem: each move revealed more about the problems with his floundering campaign.