Morning Agenda: Founder of Gawker Suspects Lawsuits Have a Common Financer
Penalty Against Bank of America Overturned | The Game of Thrones at Viacom
Penalty Against Bank of America Overturned in Mortgage Case
A federal appeals court overturned a $1.27 billion penalty, saying the bank’s actions in the mortgage crisis “hustle” case didn’t add up to fraud.
By MICHAEL CORKERY
Fannie Mae and Freddie Mac Unsealed
In 2012, the government changed its bailout of Fannie Mae and Freddie Mac, sending profits to the Treasury. These documents were unsealed in a lawsuit from Fannie and Freddie shareholders.
Fannie, Freddie and the Secrets of a Bailout With No Exit
Newly unsealed documents cast doubt on the Treasury’s justification for sweeping the mortgage giants’ profits, exposing the perils of letting the government act in secret.
By GRETCHEN MORGENSON
Thousands of ‘Underwater’ Borrowers to Get Relief
The Federal Housing Finance Agency announced the step as part of a package of measures to reduce foreclosures.
Documents Undercut U.S. Case for Taking Mortgage Giant Fannie Mae’s Profits
Government lawyers said they changed the terms of a bailout deal to protect taxpayers, but newly unsealed documents call that into question.
By GRETCHEN MORGENSON
A Smaller Down Payment, and No Mortgage Insurance Required
Traditionally, home buyers needed a 20 percent down payment to avoid the added cost of mortgage insurance. Now there are ways to get around that.
By TARA SIEGEL BERNARD
Lawmakers Urge Greater Care With Sales of Distressed Mortgages
A letter to the Housing and Urban Development secretary called for barring aggressive investors from buying distressed mortgages from housing agencies.
National Briefing | Rockies
Colorado: Deputy and Suspect Killed During Eviction
A man who sued to stop foreclosure of his home shot three law enforcement officers trying to serve an eviction notice Wednesday, killing one and wounding the others, the authorities said.
F.H.A. Loans Preferred
Fannie Mae and Freddie Mac have introduced mortgage programs requiring only 3 percent down, trying to put homeownership within reach of more first-time buyers. But the product has not enticed those buyers as hoped.
By LISA PREVOST