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Fannie Mae

What Is the True Cost of Government-Backed Credit?

Deborah Lucas | Posted 06.22.2013 | Politics
Deborah Lucas

The government has a first-order effect on the allocation of capital and risk in the economy. And the question of what those commitments cost the public is important.

The Most Epic 'I Hate My Job' Rant Ever

James Altucher | Posted 06.18.2013 | Small Business
James Altucher

I limped out of the meeting and said, "excuse me", and took the elevator down 67 stories, went to Grand Central, limped home, and never went back to work at that job.

Saving Fannie Mae and Freddie Mac

Harlan Green | Posted 06.10.2013 | Business
Harlan Green

Their argument has been that Fannie and Freddie are taking business away from private banking. They have claimed that the "implicit" government guarantee against default of the GSEs has given them a profit edge. But without Fannie and Freddie, there would be no viable housing market.

Ben Hallman

Guess Who's Not Enforcing Consumer Protection Laws | Ben Hallman | Posted 03.26.2013 | Business

Fannie Mae, Freddie Mac and the federal agency that oversees them all are failing in their responsibility to protect homeowners from abusive bank prac...

Ben Hallman

Shocking New Failure Allows Mortgage Abuses To Keep Happening | Ben Hallman | Posted 03.21.2013 | Business

NEW YORK -- For more than five years, many homeowners who complained about mortgage industry foreclosure abuses have wondered whether anyone with a fi...

'Dump DeMarco' Housing Protestors Interrupt (and Get Evicted From) House Hearing

Tracy Van Slyke | Posted 05.20.2013 | Politics
Tracy Van Slyke

Ed DeMarco's continued ideological opposition to principal reduction -- also known as resetting mortgages to fair market value -- has made him widely known one of the biggest obstacles to our country's economic progress.

Controversial Regulator Tells Congress To Stop Helping Mortgage Market

Reuters | Posted 05.19.2013 | Business

WASHINGTON, March 19 (Reuters) - The regulator of housing finance giants Fannie Mae and Freddie Mac told lawmakers they need to reduce or eliminate...

Ben Hallman

Housing Director's Actions 'Inexplicable' | Ben Hallman | Posted 03.18.2013 | Business

Massachusetts Attorney General Martha Coakley has run out of patience with the nation's top housing official. On Monday, after more than a year sp...

How the Federal Housing Finance Agency Blocked Planned Savings of Hundreds of Millions of Dollars

Jeryl Brunner | Posted 05.13.2013 | Politics
Jeryl Brunner

The FHFA's decision preserves unfair practices in the mortgage servicing and insurance industries. It means the new approach and lower rates will not be implemented and therefore the status quo will continue.

Open Letter to D.C. Youth

Urban Alliance | Posted 04.29.2013 | Impact
Urban Alliance

2012-11-13-jrlogo300x60.gif Stressed about my future, my friend who was a senior at the time told me that he was interning at the World Bank with a program called Urban Alliance (UA).

Eleazar David Melendez

Obama Urged To Replace DeMarco, Help Underwater Borrowers | Eleazar David Melendez | Posted 02.07.2013 | Business

Members of the House of Representatives urged Obama Thursday to appoint a permanent leader of the Federal Housing Finance Agency (FHFA) who will suppo...

Shame on You, Goldman Sachs. Now Here's Your Bonus

Robert Scheer | Posted 04.02.2013 | Business
Robert Scheer

In the end, it doesn't matter whether these folks are Democrats or Republicans, nor whether they are operating at the highest levels of government or banking -- they take care of their own.

David Sands

WATCH: This Detroiter Took On The Banks And Saved Her Home | David Sands | Posted 01.26.2013 | Detroit

It took a village -- not to mention a vigil -- to save the home of Jennifer Britt. Facing eviction was the latest in a string of catastrophes to be...

No Justice in Loma...

Joel Sucher | Posted 03.24.2013 | Business
Joel Sucher

Loma, Colo., is a small town, a very small town indeed, but one that Louise Davidson had called home until she was until she was evicted in April 2012 by Fannie Mae, the owner of her mortgage.

BofA To Pay Fannie Mae Billions Over Shoddy Mortgages

Posted 01.08.2013 | Business

CHARLOTTE, N.C. — Bank of America says it will spend more than $10 billion to settle mortgage claims resulting from the housing meltdown. Under t...

New Year, Same Old Banks

Brian Penny | Posted 03.08.2013 | Business
Brian Penny

For my New Year's resolution, I want to understand the banks. I have a scientific curiosity about how these banks work. The only way I can think of to truly understand the banks is to dissect one of them.

U.S. Eyeing Move That Could Put Taxpayers At Risk

Reuters | Posted 12.27.2012 | Business

(Reuters) - The U.S. government is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by Fanni...

Mark Gongloff

Libor Fraud Cost U.S. Taxpayers Billions: Report | Mark Gongloff | Posted 12.20.2012 | Business

Libor manipulation cost Fannie Mae and Freddie Mac more than $3 billion, according to an estimate by a government watchdog, who recommends the governm...

Exec Allegedly Enables Fraud, Gets Hired To Help Foreclosure Victims

ProPublica | Paul Kiel | Posted 11.09.2012 | Business

by Paul Kiel ProPublica, Nov. 9, 2012, 1:18 p.m. An executive who the Justice Department says facilitated a scheme to defraud Fannie Mae and Freddie...

Ben Hallman

The 1 Thing Obama Must Fix To Secure His Economic Legacy | Ben Hallman | Posted 11.09.2012 | Business

President Barack Obama secured reelection while managing to talk around one area of economic policy in which experts frequently charge him with failur...

Zach Carter

Wall Street Analyst: Obama Will Fire DeMarco In December | Zach Carter | Posted 11.02.2012 | Politics

Bank of America analyst Ralph Axel said Friday that he expects President Barack Obama to fire acting Federal Housing Finance Agency Director Ed DeMarc...

With Dream of Homeownership Threatened, Candidates' Silence on Housing Issues Elicits Frustration

Janis Bowdler | Posted 01.01.2013 | Latino Voices
Janis Bowdler

It's important for both candidates to remember that while they may choose to skirt the issue until Election Day, there will be no hiding from the housing crisis over the next four years.


Reuters | Posted 12.30.2012 | Business

WASHINGTON, Oct 30 (Reuters) - Fannie Mae and Freddie Mac on Tuesday extended their disaster-relief policies to borrowers whose homes were damaged b...

Occupy Wall Street: A One Year Retrospective

Benjamin Powell | Posted 12.29.2012 | Politics
Benjamin Powell

Capitalists don't make society poorer when they have to win your voluntary purchase of their products. These wealthy people are only a problem when they get government to act on their behalf.

'The Government May Amend Its Complaint To Include Employees Of Bank Of America'

Reuters | Posted 12.25.2012 | Business

* U.S. says bank caused taxpayers $1 billion in losses * Bank acted to resolve mortgage problems -BofA spokesman * BofA ...