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Freddie Mac

File photo of Rep. Melvin Watt. (credit: Mark Wilson/Getty Images)

Officials: Obama Naming Watt For Housing Post

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.

05/01/2013

(credit: SAUL LOEB/AFP/GettyImages)

Making Sense Of Obama’s Housing Market

Is the Obama administration failing the housing market? Maybe.

03/06/2013

(Photo credit  PAUL J. RICHARDS/AFP/Getty Images)

US Sues Bank Of America For $1B For Mortgage Fraud

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.

10/24/2012