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Fannie Mae

Fannie Mae's Approval of Mortgage Principal Reductions Gets the Silent Treatment

Anna Cuevas | Posted 07.04.2012 | Money
Anna Cuevas

Edward DeMarco, Acting Director of the FHFA, indicated that additional analysis would have to be performed to determine the long-term benefits of principal reductions.

Top Freddie Mac Executive Steps Down

Reuters | Posted 06.30.2012 | Business

* Anthony Renzi leaving post as head of single-family business -filing * Regulator has ruled out bonuses for many top execs at compan...

Why Despite A Chorus Of Critics, Fannie, Freddie Aren't Being Shutdown

Reuters | Posted 06.22.2012 | Business

* Democrats and Republicans want to replace mortgage giants * No quick action from Congress expected in election year By...

Why You Shouldn't Buy Treasury's Line On The Bailouts

Bloomberg View | Jonathan Weil | Posted 04.20.2012 | Business

The U.S. Treasury Department wants the public to believe the government’s bailouts of the financial sector might make money for taxpayers. It’s ea...

Renting Out Foreclosed Homes Ready To Become Big Business

The Huffington Post | Harry Bradford | Posted 04.13.2012 | Business

The business of turning foreclosed homes into rentals is set to boom. The practice could be a $100 billion industry this year, according to a rep...

Thanks To BofA You Can Now Buy Foreclosed Homes In Bulk

Reuters | Posted 06.12.2012 | Business

By Matthew Goldstein and Jennifer Ablan NEW YORK, April 12 (Reuters) - For the second time in five months, Bank of America is tapping ...

Taxpayers Spend Staggering Amount To Keep Foreclosed Homes Looking Nice

The Huffington Post | Alexander Eichler | Posted 04.11.2012 | Business

The foreclosure crisis is costing you money. How much, exactly, depends on a number of factors -- whether you own a house, what your property is wo...

DeMarco Speaks! (With Closed Captioning for the Mortgage-Impaired)

Richard (RJ) Eskow | Posted 06.10.2012 | Politics
Richard (RJ) Eskow

DeMarco's still an unelected ideologue with too much power, and he still needs to go. But yesterday, he finally spoke up. To anyone with the right political or emotional closed-captioning device the message was loud and clear: Don't rush me, Mr. President -- and find yourself another fall guy.

Ben Hallman

Top Housing Regulator Not Ready To Back Off Unpopular Stance | Ben Hallman | Posted 04.10.2012 | Business

Edward DeMarco isn't ready to blink yet on principal reductions, even though doing so could save Fannie Mae and Freddie Mac $1.7 billion. On Tuesd...

White House Wants Fannie Mae, Freddie Mac To Start Helping Homeowners

Reuters | Posted 06.06.2012 | Business

WASHINGTON, April 6 (Reuters) - The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reduci...

Homeowners Stuck With High Rates Even After Refinancing Program

Posted 04.06.2012 | Business

By Cora Currier ProPublica Some homeowners are getting stuck with relatively high interest rates even after they participate in the government's p...

Official Makes Rules For Gov't Conferences, Proceeds To Have Lavish Conference

The Huffington Post | Harry Bradford | Posted 04.03.2012 | Business

An extravagant conference sponsored by U.S. taxpayers is costing some government officials their jobs. General Services Administration chief Marth...

Ben Hallman

Home Insurance Abuse Will Survive New Fannie Mae Rules, Critics Say | Ben Hallman | Posted 04.03.2012 | Business

New Fannie Mae rules meant to lessen the cost of expensive bank-imposed home insurance would fail to curb some of the most abusive industry practices,...

Private Equity Firm Buys 5 Homes Per Day In Race For 'Awesome' Profits

The Huffington Post | Jillian Berman | Posted 04.03.2012 | Business

It’s a landlord's market and financial firms are taking advantage. One private equity firm, Waypoint Real Estate, is buying about five foreclose...

DeMarco Needs to Get to Work or Get a New Job

Mary Jo Kilroy | Posted 05.29.2012 | Business
Mary Jo Kilroy

The Federal Housing Finance Agency needs to stop being an obstacle and instead empower Fannie Mae and Freddie Mac to take reasonable measures to rewrite underwater mortgages, including principal reductions.

Watchdog: Mortgage Giants Too Free To Make Their Own Decisions

AP | CHRISTOPHER S. RUGABER | Posted 03.29.2012 | Business

WASHINGTON -- A government watchdog says the top U.S. housing regulator should take a more active role in overseeing mortgage giants Fannie Mae and Fr...

Ben Hallman

They're 'Not Aware' Of Mortgage Settlement?! | Ben Hallman | Posted 03.27.2012 | Business

Mira Tanna, a housing advocate in Orlando, Fla., doesn't expect everyone to know the details of the recently announced $25 billion mortgage settlement...

Finally, A Commonsense Proposal in the Mortgage Foreclosure Crisis

Amy Hovey | Posted 05.26.2012 | Business
Amy Hovey

We've tried and seen the consequences of a laissez faire approach. The fact is that the market cannot correct itself. It's time for the guiding hand of government to provide the push that can send homeowners, communities and the economy on the road to recovery.

The White House and Your House: Policy Inertia and Organizational Resistance in the On-going Crisis of American Housing

David Coates | Posted 05.26.2012 | Business
David Coates

In 2008-9, major banks in trouble were bailed out by American homeowners as taxpayers; but in 2012 American homeowners in trouble are not being bailed out by those same banks to anything like the same degree.

Peter S. Goodman

Retribution: Fannie, Freddie Punish Homeowners Who Fall Behind | Peter S. Goodman | Posted 09.25.2012 | Business

SPRINGFIELD, Mass. -- After two years of bewildering futility, John and Linda DeCaro thought they had finally found a way to hang on to their home. ...

Not Slashing Loans May Be Costing Mortgage Giants Money

Posted 03.23.2012 | Business

By Jessie Eisinger, ProPublica and Chris Arnold, NPR New analyses by mortgage giants Freddie Mac and Fannie Mae have added an explosive new dimens...

Mortgage Giants Accused Of Spending 'Questionable' Amount On Conference

Reuters | Posted 05.21.2012 | Business

WASHINGTON, March 22 (Reuters) - A federal watchdog faulted Fannie Mae and Freddie Mac, the mortgage finance companies propped up with taxpayer fund...

Your Landlord Could Soon Be Wall Street

The Huffington Post | Bonnie Kavoussi | Posted 03.19.2012 | Business

In an ironic twist, the same foreclosure crisis that helped to raise rents in America could now be used to offer some much-needed relief -- and Wall S...

What To Know Before Refinancing Your Mortgage

Reuters | Posted 05.19.2012 | Money

By John Wasik March 16 (Reuters) - I got a letter from my bank the other day offering a streamlined refinancing deal for my current home mortg...

America's Most Dangerous Man: Ed DeMarco Single-Handedly Prevents Principal Reductions

Peter S. Goodman | Posted 05.12.2012 | Business
Peter S. Goodman

The single largest obstacle to meaningful economic recovery is a man who most Americans have probably never heard of, Edward J. DeMarco. From his perch as acting director of the Federal Housing Finance Agency, DeMarco oversees Fannie Mae and Freddie Mac, the government-owned mortgage behemoths that collectively control about half of all home loans in the land. What he does shapes both the national housing market and the ability of troubled borrowers to hang on to their homes. What he has been doing lately has been so unhelpful that Democratic lawmakers and grassroots advocacy groups are properly demanding his ouster.