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Fannie Mae

Foreclosure Crisis Stalls Home Sales, Threatens Larger Economy

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Correction appended While some homeowners may be glad to challenge a foreclosure, the rapidly expanding crisis of alleged foreclosure fraud has sta...

Property Rights Gone Wrong

Dylan Ratigan | Posted 05.25.2011 | Politics
Dylan Ratigan

Banks profited by packaging and selling those toxic home loans. Then they profited again by betting against those same securities. A bet, in essence, that a fraudulent loan wouldn't be paid back. But why would politicians allow this?

Fannie, Freddie May Forgive Mortgage Debt For Some Borrowers: Reuters

James Pethokoukis | Posted 05.25.2011 | Business

Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is abou...

TARP Is Ending, But Too Big To Fail Isn't: Future Bailout Possible

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

As regulators hammer out the rules governing derivatives transactions, it's evident that [Dodd-Frank] has created a new set of institutions that will ...

Notarize This: The Brewing Foreclosure Storm

Jennifer Brunner | Posted 05.25.2011 | Business
Jennifer Brunner

The notary process must not be abused or bypassed when convincing a court to foreclose on a mortgage, evict its inhabitants and sell their home.

TARP Bailout Could Reap Profit For Taxpayers

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The often-criticized $700 billion bailout, known as the Troubled Asset Relief Program, might end up costing taxpayers less than $50 billion, and could...

Why Should We Care About Housing?

Tom Silva | Posted 05.25.2011 | Politics
Tom Silva

The Obama administration - fresh on the heels of its financial regulation reform legislative victory - has now set its sights on the housing market. P...

Hank Paulson: Fannie, Freddie Should Become Like 'Public Utilities'

Hank Paulson | Henry Paulson | Posted 05.25.2011 | Business

Fannie Mae and Freddie Mac should not be allowed to revert to their old form, crowding out private competition and putting taxpayers on the hook for f...

New Rules Require Banks To Share More Risk

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Banks will have to share in the risk when they sell investments of the kind that rocked the financial system in 2008 under rules ad...

Arthur Delaney

Dems To Fannie Mae: Why Are You Feeding Foreclosure Mills? | Arthur Delaney | Posted 05.25.2011 | Politics

Congressional Democrats want to know why government-backed mortgage finance giant Fannie Mae's is farming out foreclosure paperwork to "foreclosure mi...

Foreclosures Halted After Testimony That Lender Broke Rules In Document Filings

Washington Post | Ariana Eunjung Cha | Posted 05.25.2011 | Business

Some of the nation's largest mortgage companies used a single document processor who said he signed off on foreclosures without having read the paperw...

Who's Killing the PACE Program?

Mike Stark | Posted 05.25.2011 | Green
Mike Stark

As the solar industry matures it will become critical for the solar industry to maintain one of its strongest assets: its relatively tight cohesion and shared mission to keep solar's scaling potential strong.

FHA: Banks Should Share Fannie, Freddie Bailout Costs

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The nation's largest banks have an obligation to pay some of the cost for bailing out mortgage buyers Fannie Mae and Freddie Mac be...

William Alden

Home Prices Could Drop For The Next Three Years | William Alden | Posted 05.25.2011 | Business

Thinking about buying a home? You might want to proceed cautiously. The housing market may continue to decline, potentially for at least three more ye...

Florida Foreclosure Courts Rush Despite Questionable Practices, Doctored Deeds

The New York Times | Gretchen Morgenson | Posted 05.25.2011 | Politics

Earlier this year, Florida earmarked $9.6 million to set up foreclosures-only courts across the state, staffed by retired judges.... lawyers represent...

Fannie Mae Must Stop Bankrolling Lawsuits Against Underwater Homeowners with Our Money

Rep. John Conyers | Posted 05.25.2011 | Politics
Rep. John Conyers

What do the American people get for investing $86 billion and owning an 80 percent share in Fannie Mae? Have many millions of homeowners who are delinquent on their Fannie mortgages been helped?

When the Rich Get Risky: Inequality and Financial Crises

Ray Brescia | Posted 05.25.2011 | Politics
Ray Brescia

One of the most striking--and perhaps most underreported--aspects of the financial crisis is reflected in one economic indicator. The chart below tra...

Gretchen Morgenson: Financial Reform Bill FAILS To End 'Too Big To Fail'

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

After President Obama signs it into law, the nation's financial industry will still be dominated by a handful of institutions that are too large, too ...

Executive Compensation: Barney Frank To Hold Hearing On Wall Street Pay | Zachary A. Goldfarb | Posted 05.25.2011 | Business

Rep. Barney Frank, chairman of the House Financial Services Committee, said Tuesday that he will hold a hearing this fall to examine whether regulator...

Weekly Audit: Save Affordable Housing, Help Revive America's Middle Class

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

by Zach Carter, Media Consortium blogger Over the past decade, Fannie Mae and Freddie Mac transformed themselves into some of the worst-run companies ...

Mortgage Failure: Who Should REALLY Pay? | FLOYD NORRIS | Posted 05.25.2011 | Business

If nobody does their job right, and disaster ensues, who should pay for the sins of all? That is the predicament now confronting the mortgage industr...

Fannie, Freddie Reform: The Government Needs To Continue Propping Up The Mortgage Market, Say Banking Execs

Posted 05.25.2011 | Business

WASHINGTON (AP, ALAN ZIBEL) -- The Obama administration invited banking executives Tuesday to offer advice on changing the government's role in the mo...

What Should Be Done With Fannie And Freddie?

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The call from business for less government has a notable exception: the mortgage market. The Obama administration invited banking ...

Fannie Mae, Freddie Mac Shares To Be Pulled From NYSE

AP | Posted 05.25.2011 | Business

NEW YORK — Government-sponsored mortgage purchasers Fannie Mae and Freddie Mac plan to delist their shares from the New York Stock Exchange. The ...

N.Y.Times Op-Ed Impugns Financial Reform by Imagining Fannie Is Just Like Wall Street

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

John Carney's New York Times op-ed piece is a tour de force, a paean to nonsensical thinking. He ignores the Fannie and Freddie of the real world. Instead, he goes after the Fannie and Freddie that exist only in his imagination.