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Rules for 'jumbo' mortgages to change this year

Beginning on Oct. 1, the government will dial back on the size of mortgages it guarantees in high-cost areas like San Francisco, New York and Washington. Full story

Housing reality trumps dogma for some in GOP

Shutting down Fannie Mae and Freddie Mac should fit seamlessly into the Republican drive to shrink government. But the reality is far from it. Full story

IMF urges U.S. budget include Fannie, Freddie costs

The United States should include in its budget the cost of mortgage loan guarantees and other housing supports, the International Monetary Fund said on Wednesday in a rare criticism of its biggest shareholder. Full story

Fannie report warned of foreclosure problems: report

WASHINGTON (Reuters) - Fannie Mae was warned in a 2006 internal report of abuses in the way lenders and their law firms handled foreclosures, The Wall Street Journal reported on Thursday. Full story

Fed's balance sheet hits record in latest week

NEW YORK (Reuters) - The U.S. Federal Reserve's balance sheet expanded to a record size in the latest week, as the central bank continued to purchase bonds, Fed data released on Thursday showed. Full story

Geithner to Congress: Revamp housing in 2 years

The Obama administration wants Congress to approve legislation within two years that overhauls Fannie Mae and Freddie Mac, the nation's huge but financially feeble housing market giants, Treasury Secretary Timothy Geithner is telling lawmakers. Full story

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Articles

Obama pushes multibillion-dollar mortgage pact: report

Fannie, Freddie to collect mortgage firm penalties

Republicans to probe Fannie, Freddie executive pay

White House wants Fannie, Freddie to go

Factbox: Winners and losers in the Obama housing plan

Factbox: Short term plans to reduce U.S. govt role in housing

Freddie Mac COO Bruce Witherell resigns

Key Republican urges faster Fannie, Freddie sell-off

Obama aims for sharp drop in government-backed mortgages

Rep. Hensarling: Obama shaky on fighting deficit

Video

  Lewis Ranieri Sets Record Straight

Lewis Ranieri, the man who created the modern mortgage, weighs in on housing, Fannie Mae, Feddie Mac and more.

  Government Housing Headache

Edward Glaeser, Harvard University economics professor, discusses the reform of GSEs like Fannie Mae and Freddie Mac.

  Kashkari on GSEs

Neel Kashkari, PIMCO managing director, discusses Fannie Mae and Freddie Mac.

  Boehner: Government ‘needs’ to get out of housing market

House Speaker John Boehner discusses the possibility that Washington will wind down government-sponsored mortgage giants Fannie Mae and Freddie Mac.

  Treasury Overhaul Plan

CNBC's Steve Liesman has the details on the Treasury's plans to overhaul Fannie Mae and Freddie Mac next week.

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Related Photos

File photo of the Fannie Mae headquarters in Washington
File photo of the Fannie Mae headquarters in Washington

A sign in front of the Fannie Mae headquarters is photographed in Washington in this February 11, 2011 file photo. Fannie Mae was warned in a 2006 internal report of abuses in the way lenders and their law firms handled foreclosures, The Wall Street Journal reported on March 24, 2011. REUTERS/Molly

FBI PROBES FINANCE GIANTS FOR FRAUD: REPORT
FBI PROBES FINANCE GIANTS FOR FRAUD: REPORT

A view of Fannie Mae headquarters is seen on July 14, 2008 in Washington, DC. The US Federal Bureau of Investigation is probing allegations of fraud by 26 Wall Street firms including several investment giants whose collapse sent world markets into turmoil, US media said September 23, 2008. The FBI h