The top U.S. housing finance regulator said on Wednesday his agency would unveil a new framework in early 2015 for how government-controlled Fannie Mae and Freddie Mac will set mortgage guarantee fees.
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Ally Financial wrote down a USD170 million charge for its third quarter earnings after reaching a settlement with two US housing regulators.
JPMorgan is nearing settlement of a suit filed by FHFA for mortgage related securities fraud.
The Federal Housing Finance Agency (FHFA) had pegged USD6 billion as settlement amount for the agency to stop seeking action against JP Morgan
Swiss banking giant UBS settled with the US Federal Housing Finance Agency to pay USD 885 million to Fannie Mae and Freddie Mac.