WASHINGTON, Nov 27 (Reuters) – The agency in charge of the
troubled HealthCare.gov website said on Wednesday is it
switching providers of Web hosting services, the latest change
for the website at the heart of President Barack Obama’s health
The Centers for Medicare and Medicaid Services (CMS) said it
is replacing data center services from Verizon Communications
Inc’s Terremark subsidiary, with services from
WASHINGTON (Reuters) – The U.S. government is switching providers of Web hosting services for the troubled HealthCare.gov website, replacing Verizon Communications Inc’s Terremark subsidiary with Hewlett-Packard Co, the Centers for Medicare and Medicaid Services said on Wednesday.
The contract with Terremark for the site’s data center ends in March 2014, and last summer – after CMS issued a “task order,” HP was the successful bidder, a CMS spokesman said in a statement.
WASHINGTON, Nov 26 (Reuters) – The maximum size of U.S. home
loans that taxpayer-owned Fannie Mae and Freddie Mac
are allowed to buy will hold steady next year, their
regulator said on Tuesday, deferring a decision on when to pull
back government support of the housing market.
The mortgage financiers will continue to purchase loans up
to a maximum of $417,000 in most areas, the Federal Housing
Finance Agency said. In more-expensive markets, such as Los
Angeles and New York, the cap will remain at $625,500.
WASHINGTON (Reuters) – U.S. President Barack Obama’s pick for a top housing regulatory post looked poised to win confirmation after the Senate changed its rules on Thursday to make it harder to block nominees.
If confirmed to head the agency that regulates housing finance giants Fannie Mae and Freddie Mac, Democratic Representative Mel Watt could open the door for the taxpayer-controlled firms to provide greater mortgage relief, in line with White House economic goals.
WASHINGTON (Reuters) – Federal Reserve Vice Chair Janet Yellen moved closer on Thursday to becoming the first woman to lead the U.S. central bank after a Senate committee approved her nomination and sent it to the full Senate for a final vote.
If confirmed, as is widely expected, Yellen would replace Fed Chairman Ben Bernanke when his term expires on January 31 and become the most powerful woman in world finance.
WASHINGTON, Nov 21 (Reuters) – The U.S. Senate Banking
Committee on Thursday approved Janet Yellen’s nomination to
become the first woman to lead the Federal Reserve, sending it
to the full Senate for a final vote.
If she is confirmed, as is widely expected, the current No.
2 at the U.S. central bank will replace its chairman, Ben
Bernanke, when his term expires on Jan. 31, making her the most
powerful woman in world finance.
WASHINGTON, Nov 20 (Reuters) – New rules to simplify the
paperwork consumers receive when they apply for loans will take
effect in August 2015 as part of a U.S. effort to make it easier
to shop for mortgages.
The Consumer Financial Protection Bureau said on Wednesday
that the measures are intended to ensure lenders clearly lay out
the terms and costs of loans for home buyers.
WASHINGTON (Reuters) – The leaders of the Senate Banking Committee appear unlikely to meet their goal of producing a bill by year-end that would wind down major mortgage finance companies Fannie Mae and Freddie Mac, given the shrinking timeline and the tricky politics.
Conservative Republicans favor shutting down the government-run firms and placing control of the nearly $10 trillion housing finance system firmly in the private sector’s hand.
WASHINGTON (Reuters) – Government-run Fannie Mae and Freddie Mac, America’s biggest providers of housing finance, will send the U.S. Treasury $39.0 billion in December, leaving them within a hair of paying back their 2008 bailout.
Freddie Mac said on Thursday it will pay $30.4 billion in dividends after a multibillion-dollar tax-related windfall fueled a record profit in the third quarter.
WASHINGTON, Nov 7 (Reuters) – Government-controlled mortgage
firm Freddie Mac said on Thursday it will pay $30.4
billion in dividends to the U.S. Treasury after a
multibillion-dollar tax-related windfall fueled a record profit
in the third quarter.
The report from Freddie Mac, which recorded pre-tax income
of $6.5 billion, came on the same day its larger sibling and
fellow state ward Fannie Mae said it would be making an $8.6
billion dividend payment to the government.