Fannie Mae

NEW YORK (Reuters) - The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday in an unprecedented blow to the world's largest economy in the wake of a political battle that took the country to the brink of default.

NEW YORK (Reuters) - The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday in an unprecedented blow to the world's largest economy in the wake of a political battle that took the country to the brink of default.

WASHINGTON (Reuters) - Mortgage finance giant Fannie Mae said it would ask for an additional $5.1 billion from taxpayers as a weaker housing market causes continued losses on loans made prior to 2009.

The semi-public mortgage financing giant Fannie Mae said Friday it would seek an additional $5.1 billion from the US government, following a steep quarterly loss.

NEW YORK/CHARLOTTE, North Carolina (Reuters) - New York's attorney general will oppose Bank of America Corp's $8.5 billion settlement over repurchasing toxic mortgage loans, joining a growing number of unhappy mortgage bond buyers now fighting the pact reached with some of the largest institutional investors in the country.

County should push owners of abandoned homes to take responsibility. Vacant and abandoned homes are all too common in the Las Vegas Valley, one of the epicenters of the nation's foreclosure crisis. The problem is noticeable in neighborhoods as homes have been left untended after their owners were forced to leave. As a result, neighbors have to live with houses on their block that have yards filled with weeds and trash, not to mention algae-covered pools.Local government officials have struggled to find a way to get abandoned properties cleaned up. As Dave Berns reported in Tuesday's Las Vegas Sun, juvenile offenders who have been ordered to do community service have been enlisted to help. Clark County has also used private contractors who charge about $300 a home.

This is what happens when a pool of cheap labor is linked with an eyesore created by the home foreclosure crisis. Thirty-one teens, some of them gang members, weeding and trimming the front yard of an abandoned home in northeast Las Vegas. Clark County code enforcement officials had called Bank of America Corp., which was identified on a flier placed on the garage door as the contact for the home in this older, blue-collar neighborhood. Officials wanted the bank to maintain the property. But no one replied from the bank, according to the county.

You can search online for bank- and government-owned properties.. You can search online for bank- and government-owned properties.

A US housing regulator filed a $900 million lawsuit against Swiss bank UBS on Wednesday over risky mortgage-backed securities it sold to mortgage giants Fannie Mae and Freddie Mac.

NEW YORK (Reuters) - MERS, the electronic mortgage registry that faces multiple investigations for its role in thousands of problematic foreclosure cases, changed its rules to lower its profile in court-supervised foreclosures.

NEW YORK (Reuters) - MERS, the electronic mortgage registry that faces multiple investigations for its role in thousands of problematic foreclosure cases, changed its rules to lower its profile in court-supervised foreclosures.

NEW YORK (Reuters) - The regulator for Fannie Mae <FNMA.OB> and Freddie Mac <FMCC.OB> sued UBS AG <UBSN.VX> <UBS.N> to recover more than $900 million of losses after the Swiss bank misled the housing agencies into buying $4.5 billion of risky mortgage debt.

NEW YORK (Reuters) - The CME Group has made it more expensive to trade Treasury futures in an effort to curb market swings created by growing fears of a government default.

NEW YORK (Reuters) - Standard & Poor's reiterated on Thursday it sees a real risk that future U.S. government deficits may meaningfully miss discussed targets and that there is a 50-50 chance the U.S. AAA credit rating could be cut within three months, perhaps as soon as August.

NEW YORK/IMMOKALEE, Florida (Reuters) - America's leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year.

NEW YORK/IMMOKALEE, Florida (Reuters) - America's leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year.

NEW YORK (Reuters) - A little-known institution in Reston, Virginia, has done much to help loan servicers produce foreclosure documents of questionable legitimacy, according to multiple recent court rulings and deposition testimony.

NEW YORK (Reuters) - Fitch Ratings on Monday reiterated its view that if the U.S. debt ceiling is not raised prior to August 2, the agency will place the U.S. AAA rating on what it terms "ratings watch negative," meaning it could downgrade it within three to six-months.

NEW YORK (Reuters) - Standard & Poor's on Friday raised the pressure on debt negotiators in Washington, saying it could downgrade insurers, securities clearinghouses, mortgage agencies and a laundry list of other firms without a deal soon to lift the debt ceiling and cut the deficit.

NEW YORK (Reuters) - Standard & Poor's on Friday raised the pressure on debt negotiators in Washington, saying it could downgrade insurers, securities clearinghouses, mortgage agencies and a laundry list of other firms without a deal soon to lift the debt ceiling and cut the deficit.