The Federal Housing Finance Agency wants the government-sponsored enterprises and the Federal Home Loan Banks to hire chief information security officers to head their cybersecurity programs. The new directive was released just after the FHFA Office of Inspector General issued an audit faulting the regulator’s oversight of cybersecurity issues, and in the wake of further revelations about data breaches at Equifax and other large enterprises. The FHFA said Fannie Mae, Freddie Mac and the ...

As Fannie Mae and Freddie Mac shareholders inch closer to having hundreds of government documents released in pending shareholder lawsuits surrounding the conservatorship and preferred stock purchase agreement, they are more confident the court will rule in their favor. In the latest development in Fairholme Funds v. the United States, Federal Claims Court Judge Margaret Sweeney last week granted a motion to compel the disclosure of documents filed over the summer by ...

A previously announced legal settlement with Royal Bank of Scotland will soon hit the books...

Gripes to the bureau leapt by 53.4 percent on a sequential basis…

A Freddie spokesman noted: “We take cyber-security seriously as it relates to every aspect of our business.”

While the pilot is limited to New Hampshire home buyers, Fannie thinks the pilot could open the door to other states doing something similar…

CIT Group will take a charge of up to $50 million on the sale of Financial Freedom...

Overall, hackers stole financial information on roughly 140 million American consumers…

The plaintiffs have long argued that the government is trying to keep roughly 1,500 documents hidden under the deliberative process and bank examination privileges.

The flow of home loans for first-time buyers was up a robust 24.7 percent on a sequential basis…