Obama reopened issue on Fannie Mae and Freddie Mac to spur delayed housing policies reforms.
Freddie Mac
Judge Denise Cote ruled that Ally's Residential Capital LLC (ResCap) can still be sued by the Federal Housing Finance Agency despite declaring bankruptcy.
President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.
Swiss banking giant UBS settled with the US Federal Housing Finance Agency to pay USD 885 million to Fannie Mae and Freddie Mac.
Fannie and Freddie are not making much progress
Perry Capital LLC investors filed a suit against the US Treasury and the Federal Housing Finance Agency for the bailout terms it had set for Fannie Mae and Freddie Mac.
US government's Fannie Mae considered selling about US$1 billion of home-loan bonds.
The U.S. Treasury is being sued by Perry Capital LLC over its handling of Fannie Mae and Freddie Mac.
Fannie Mae and Freddie Mac challenged the US through a lawsuit filed in the US Court of Federal Claims after stating that the takeover of the Federal Housing Finance Agency in 2008 was illegal and damaging to the companies.
Freddie Mac announced a higher than market average value for its three month and six month bonds totalling US$3 billion.
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