Finance & Mortgage

Fannie and Freddie add-on fees hampering home buying

The add-on fees charged on home loans by Fannie Mae and Freddie Mac, the two government-backed mortgage giants, are hampering new home buyers and doubling expenses for consumers, critics claim.

Momentum stocks sell off for second day; Nasdaq down 2 percent

The Nasdaq tumbled more than 2 percent on Friday as momentum stocks like Netflix and TripAdvisor sold off for a second straight session.

Fed survey: U.S. dealers see more private-label mortgage security demand

Big Wall Street firms have seen demand for private-label mortgage-backed securities pick up over the last few months, according to a survey released by the Federal Reserve on Thursday.