News on James Lockhart

Six wounded in ambush near US mine in Indonesia

2010-02-22T15:50:44Z

<div><p>Six people were wounded Sunday in a shooting ambush near US company Freeport McMoRan's massive gold and copper mine in Indonesia's eastern Papua region, police said.</p><p>Three policemen and three mine workers were hurt...

WL Ross & Co. hires Fannie, Freddie regulator

2010-02-25T18:10:30Z

<div id="subtitle">Distressed debt specialist Wilbur Ross hires regulator of Fannie Mae, Freddie Mac</div><div><p>A key federal regulator is going to work for Wilbur Ross, a billionaire investor who specializes in making big profits through buying up bad debt.&l...

Former regulator Lockhart heads to WL Ross

2010-02-25T18:08:27Z

<div><p>WASHINGTON (Reuters) - James Lockhart, who earlier this month said he would resign as the U.S. regulator overseeing mortgage finance companies Fannie Mae &lt;FNM.N&gt; and Obama administration official says housing agency's Lockhart to step down; successor uncertain</div><div><p>The head of the federal agency that regulates mortgage finance companies Fannie Mae and Freddie Mac is planning to step down by the end o...

Fannie, Freddie regulator to step aside

2010-02-25T23:58:42Z

<div><p>WASHINGTON (Reuters) - James Lockhart, the U.S. regulator who nationalized Fannie Mae and Freddie Mac, will soon resign after more than three years as overs...

Gov't reports smaller home price decline in 1Q

2010-02-27T05:12:08Z

<div id="subtitle">Federal Housing Finance Agency reports smaller drop in home prices in first quarter</div><div><p>Home prices fell in the first quarter but the pace of decline eased a bit from the record drop seen in the final three months of 2008, a government housing agency said Wednesday.</p><p>The Federal Housing Finan...

Fannie Mae, Freddie Mac plan 210 mln in bonuses

2010-03-03T09:22:20Z

<div><p>More than 7,600 employees of US government-rescued mortgage finance giants Fannie Mae and Freddie Mac are to receive 210 million dollars in bonuses to keep them in their jobs, according to documents released by a lawmaker Friday.</p><p>Of the total retention bonuses planned over the next 18 months by the two co...

Housing Finance Oversight Head Discusses Fannie Mae, Freddie Mac

2009-04-23T04:31:21Z

WASHINGTON - DECEMBER 10: James Lockhart, Chairman and CEO of the Oversight Board of the Federal Housing Finance Agency, addresses a meeting of the Women in Housing and Finance organization December 10, 2008 in Washington, D.C. The boa...

US lays out sweeping program to ease mortages

2010-03-01T21:56:29Z

<div><p>The US government Tuesday sought to put a floor under soaring home loan defaults and falling property values with a sweeping program to ease payment terms for hundreds of thousands of struggling homeowners.</p><p>The Federal Housing Finance Agency, which temporarily took control of mortgage market powers WASHINGTON - NOVEMBER 11: Federal Housing Financial Agency Director James Lockhart listens during a news conference at the Federal Housing Finance Agency November 11, 2008 in Washington, DC. A plan with a simplifier loan modification s...

Meltdown Mortgages

2009-04-24T19:38:34Z

Neel Kashkari, the Treasury Department's assistant secretary for financial stability, left, and Federal Housing Finance Agency James B. Lockhart III, take part in a news conference, Tuesday, Nov. 11...

US lays out sweeping program to ease mortgages

2010-03-01T22:04:14Z

<div><p>The US government Tuesday announced a sweeping program to ease payment terms for hundreds of thousands of homeowners struggling to service mortgages held by home finance giants Fannie Mae and Freddie Mac.</p><p>"Today, we're announcing a major program designed to greatly reduce preventable foreclosures with a s...

Obama objects to severance for ousted CEOs

2010-03-02T02:54:38Z

<div id="subtitle">Obama asks Bush administration to ensure ousted mortgage CEOs aren't given lucrative severance</div><div><p>Barack Obama objected to reports Monday that the ousted heads of mortgage giants Fannie Mae and Freddie Mac may receive lucrative severan...

Fannie, Freddie rise after dive a day earlier

2010-03-02T04:36:34Z

<div id="subtitle">Fannie Mae, Freddie Mac shares bounce back amid speculation about impact of accounting rules</div><div><p>Shares of mortgage financiers Fannie Mae and Freddie Mac bounced back Tuesday, a day after plunging over worries the pair might need billions of dollars in new capital if a new accounting rule is...

Home prices fell 5.3 pct in July, gov't says

2010-02-28T10:09:34Z

<div id="subtitle">Home prices fell in July, but gov't agency says Fannie, Freddie takeover will help loan market</div><div><p>Nationwide home prices in July fell a record 5.3 percent compared with a year ago, a government agency said Tuesday, and have now receded to October 2005 levels.</p><p>Prices were down 0.6 percent from June on a seasonally adjusted basis, according to the Fannie Mae and Freddie Mac, under government control, to halt foreclosures</div><div><p>Four Democratic senators urged the mortgage companies Fannie Mae and Freddie Mac on Thursday to temporarily freeze foreclosures on loans they hold.</p><p>The troubled ...

Federal Home Price Index Drops At Record Pace

2010-03-04T08:09:48Z

<div id="subtitle">Biggest quarterly drop since record-keeping began</div><div><p>It may be too soon to call a bottom to the declining housing market. A federal home price index shows U.S. home prices suffered a record decline in the first quarter of 2008.</p><p>The