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Fannie Mae

Fannie, Freddie Reform Will 'Turn Us Into A Nation Of Renters,' Group Says

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

Republicans and Democrats both agree that the government's mortgage giants Fannie Mae and Freddie Mac can't continue in their current form, but variou...

Freddie Mac: Tone Deaf at the Top

William K. Black | Posted 05.25.2011 | Business
William K. Black

When President Obama knew he had to clean up the Stygian Stables that were Fannie and Freddie -- knew that their senior managers and regulators had failed catastrophically -- he left in charge the failed regulatory leadership team anyway.

Servicer Aurora Sued For Making Loan Mods Too Easy To Get

American Banker | Kate Berry | Posted 05.25.2011 | Business

The loan modification offer was hard to turn down, in more ways than one. It was July 2008. IndyMac Bank was failing and Fannie Mae and Freddie Mac w...

Fannie's Scandalized, Freddie's Dead -- and the Next Financial Meltdown May Have Already Started

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Here's an idea: Let's give hundreds of billions of dollars in government-backed guarantees to private banks so they make a fortune writing mortgages without any risk to themselves. Hey, what could go wrong?

The End Of Fannie And Freddie?

wsj.com | NICK TIMIRAOS | Posted 05.25.2011 | Business

...

Fannie Mae and Freddie Mac's Days Are Numbered, But It's a Big Number

Lawrence G. McDonald | Posted 05.25.2011 | Business
Lawrence G. McDonald

Is there anything new we have learned in the FCIC's report? Are there clear recommendations that will help prevent another financial crisis? No. The commission was divided by politics.

One Homeowner's 'Kafka-esque' Struggle To Prevent Foreclosure

nytimes.com | JOE NOCERA | Posted 05.25.2011 | Business

Instead, her servicer, Bank of America, foreclosed on the property in late August and handed it off to Fannie Mae, which owned the mortgage. Ms. Rober...

Zach Carter

Liberal Think Tank Parrots Bank Lobby

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Business

The following is produced in partnership with The Dylan Ratigan Show's weeklong "No Way To Live" series on the financial crisis and its impact on ordi...

Republican Amnesia on the Financial Crisis

Brad Miller | Posted 05.25.2011 | Business
Brad Miller

The financial crisis occurred under a Republican administration that let the financial industry write its own rules. A narrative of the financial crisis that absolves Republicans and the financial industry requires an acrobatic and brazen imagination.

Mortgage Giants Leave Legal Bills To The Taxpayers

New York Times | Posted 05.25.2011 | Business

Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and th...

Big Banks Want Fannie And Freddie's Government Backing

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

As the government struggles to revamp Fannie and Freddie, big banks are trying to capitalize on changes to the government sponsored enterprises. Trea...

Houston, We Have a Problem With HAMP Loan Modifications

Anna Cuevas | Posted 05.25.2011 | Business
Anna Cuevas

Although the latest HAMP guidelines require servicers to stop foreclosure action, it does not seem to be stopping very much. Homeowners continue to be confused about their foreclosure notices.

The Real Reason Fannie and Freddie Lost So Much Money

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

How did Fannie and Freddie lose so much money? There are many reasons, but the two most important are not products for low-income borrowers. They are products that invite fraud.

Issa's Investigations

Lincoln Mitchell | Posted 05.25.2011 | Politics
Lincoln Mitchell

In an alternate universe in which Rep. Darrell Issa were a rational person, the news that he was going to aggressively pursue investigations would be welcome. Unfortunately, there is little reason to believe we live in that universe.

Obama Lost A Key Financial Reform Ally Last Night

WSJ | Damian Paletta | Posted 05.25.2011 | Business

Mr. Kanjorski is the second-ranking Democrat on the House Financial Services Committee and stood to inherit the top seat if panel chairman Rep. Barney...

Fannie, Freddie's Rush To Foreclose Fed Housing Chaos

Washington Post | Zachary A. Goldfarb and Ariana Eunjung Cha | Posted 05.25.2011 | Business

As the housing market came crashing down in 2008, the giant mortgage company Fannie Mae took an unprecedented step to help tackle the rising tide of f...

Would-Be Fannie, Freddie Reformer Faces Uphill Climb If Confirmed

The New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

If this Mr. Smith goes to Washington as head of F.H.F.A., he will face a monumental challenge at a crucial time: how to protect taxpayers from even gr...

William Alden

FREE FALLIN': Home Prices Are Plunging -- And The Recovery Is At Risk

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

Plunging home prices hammered household finances in the third quarter, eroding homeowners' wealth and making them more vulnerable to foreclosure. As p...

Fannie, Freddie In Talks With Government Over Reducing Balances For Struggling Homeowners: Report

Posted 05.25.2011 | Business

NEW YORK: Fannie Mae and Freddie Mac are in discussions with U.S. government officials to join government programs aimed at reducing mortgage balances...

Inside Job or Internal Greed?

Michael Shermer | Posted 05.25.2011 | Entertainment
Michael Shermer

A review of Inside Job, produced, written, and directed by Charles Ferguson, produced by Audry Marrs, 108 minutes, narrated by Matt Damon. By Michael...

Banks Fighting With Fannie, Freddie Over Soured Mortgages

The Huffington Post | William Alden | Posted 05.25.2011 | Business

As doubts continue over the legitimacy of mortgage documents, two government-owned mortgage companies are having trouble offloading loans onto the ban...

PHOTOS: 10 States Where Home Prices Are Actually Rising

Posted 05.25.2011 | Business

The national housing picture is grim, but the local picture isn't quite so dreary. U.S. home prices fell 1.6 percent in the third quarter and 3.2 p...

Amanda Terkel

New GOP Same As The Old GOP: Republicans Embrace Longtime Pet Issues

HuffingtonPost.com | Amanda Terkel | Posted 05.25.2011 | Politics

WASHINGTON -- Republicans trumpeted their historic election gains as a sign that the American public is ready for change -- clearing the swamp and ren...

All the Devils Are Here: Best Business Book of the Year

Don McNay | Posted 05.25.2011 | Business
Don McNay

McLean and Nocera don't give us an idea as to where to look for angels. But the book is comprehensive, and I feel certain that all the devils are here.

Why Bernanke's Problems Are Obama's

Christopher Whalen | Posted 05.25.2011 | Business

In the wake of Institutional Risk Analytics' comment last week about the lack of ideas inside the Obama Administration for resolving the economic mess...