Secondary

President Obama's fiscal-year 2015 budget projects the Federal Housing Administration won't require a taxpayer subsidy this year as the agency's efforts to shore up its finances have offset losses from defaulted loans.

How federal regulators fabricated a media narrative with verbal sleights of hand.

PNC also disclosed more details about three subpoenas it received from the U.S. attorney's office in Manhattan related to National City Bank, the Cleveland-based subprime home lender PNC purchased in 2008.

The GSEs reported big profits for 2013 but even the companies' executives question the sustainability of those earnings.

Bruce Berkowitz, the money manager battling the U.S. government over the future of Fannie Mae and Freddie Mac, is calling on the boards of the mortgage-finance giants to build capital instead of turning over their profits to Treasury now that they've returned to profitability.

Capital One Financial Corp., the bank that gets more than half of its revenue from credit cards, received subpoenas and information requests from U.S. authorities investigating mortgage fraud.

First Horizon National has reached an agreement with Freddie Mac related to home loans originated and sold to the government-sponsored entity between 2000 and 2008.

Real estate mortgage investment conduit rules generally discourage non-distressed securitized loan sales, but SN Servicing says it had reasons to sell some at a loss in this 2002 scratch-and-dent deal.

A proposal to limit increases in basic allowances for housing and reduce military personnel could hurt the performance of some military housing bonds, Fitch Ratings warns.

A federal judge ruled Wednesday that the hedge fund's lawsuit against the government will not be thrown out of court, allowing it to proceed with discovery.