Breaking News
  • Freddie Mac reports $354M net loss in first quarter

    Freddie Mac reported a $354 million net loss in the first quarter, significantly down from its $2.2 billion net income recorded in the fourth quarter of 2015. The news is a reminder of the GSE's net loss in the third quarter of 2015, which marked the first loss in four years. But despite the news, Freddie CEO Donald Layton remains positive on the results. Click the headline to find out why.

Bachus confirmed as Barney Frank's replacement

Rep. Spencer Bachus (R-Ala.) is confirmed as the next House Financial Services Committee Chairman in the 112th Congress. Bachus was chosen by the GOP Steering Committee Tuesday, according to reports. Bachus was the expected choice to replace current chairman Barney Frank (D-Mass.) Some, such as Christopher Whalen of Institutional Risk Analytics, predict Frank would chair the Consumer Financial Protection Bureau being put together by Elizabeth Warren. Bachus press spokesman Tim Johnson did not take calls for confirmation. His office deferred calls to the House Financial Services Committee, where spokeswoman Marisol Garibay did not return press inquiries. Write to Jacob Gaffney.

Reprints

Services Guide

Comments powered by Disqus