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Federal Housing Finance Agency

Ben Hallman

Fannie & Freddie: The Elephant In The Room At The Presidential Debate | Ben Hallman | Posted 10.25.2012 | Business

He name-checked Big Bird, but didn't once mention foreclosures. In an hour-and-a-half debate on an economy still shell-shocked by the housing cris...

PHOTOS: Scenes From The American Housing Crisis

The Huffington Post | Posted 10.03.2012 | Business

The housing market remains in poor health, with more than 15 million homeowners owing more on their mortgages than their property is worth. As policym...

Columnist: New York AG's Suit Against JPMorgan 'Thoroughly Unimpressive'

Bloomberg | Jonathan Weil | Posted 10.03.2012 | New York

Is this the best that Eric Schneiderman has got? Yesterday, the New York attorney general filed a thoroughly unimpressive lawsuit against JPMorgan ...

Will Your State Be Punished for Taking Foreclosures to Court?

National Council of La Raza | Posted 11.26.2012 | Latino Voices
National Council of La Raza

A plan to increase fees for states that provide judicial recourse for delinquent homeowners fails to take into account the complexities of the foreclosure crisis. If implemented, it will affect the 21 states that are judicial, meaning that a substantial number of future homeowners...

Ben Hallman

Fannie Mae, Freddie Mac Dial Back Loans To Low-Income Home Buyers | Ben Hallman | Posted 09.21.2012 | Business

When the Federal Reserve vowed last week to buy up $40 billion worth of home loans each month for the indefinite future, the hope was to finally stimu...

Ben Hallman

Fannie Mae Pays Banks $1.5 Billion So It Can Fire Them | Ben Hallman | Posted 09.18.2012 | Business

Fannie Mae has paid $1.5 billion to a dozen banks that manage its massive home loan portfolio so that it can hire companies it thinks will do a better...

Ben Hallman

Romney: Under Obama, Government Is Doing Too Much To Solve Housing Crisis. Also, Not Enough | Ben Hallman | Posted 09.05.2012 | Business

Homeowners need help avoiding foreclosures, Fannie Mae and Freddie Mac need reform, and complex rules need to be replaced with smart ones. This, wi...

Principal Reductions Can Save the Economy... By Saving Homes

Joe Sestak | Posted 10.16.2012 | Politics
Joe Sestak

The failure to prevent the millions of troubled mortgages from becoming delinquent and being foreclosed causes damage not only to individual borrowers who lose their homes, but also to their communities and to the economy as a whole.

Demote, Defang DeMarco

Leo W. Gerard | Posted 10.13.2012 | Business
Leo W. Gerard

This guy, Edward DeMarco, the acting head of the Federal Housing Finance Agency, is deliberately damaging America -- promoting foreclosures, high unemployment and excessive taxes. He has got to go.

Ben Hallman

DeMarco's Newest War | Ben Hallman | Posted 08.09.2012 | Business

Edward DeMarco has opened up a new front on his war against principal reduction. On Thursday, the Federal Housing Finance Agency, which DeMarco ov...

Common Sense Rebuttal of FHFA's 'Mortgage Principal Waiver' Denial

Varun Gupta | Posted 10.08.2012 | Business
Varun Gupta

The Federal Housing Finance Agency declined the federal government's proposal for principal reduction on underwater mortgages chronically behind on payment -- it said principal reduction does not prevent foreclosures while saving taxpayers money.

Neil Barofsky Finds A New Reason To Call Tim Geithner A Jerk

The Huffington Post | Alexander Eichler | Posted 08.07.2012 | Business

It's starting to look like Neil Barofsky and Timothy Geithner are never going to get along. In a Monday column for Reuters, Barofsky, the former sp...

Paul Krugman: Blame Republicans For The Depressed Economy

The New York Times | Paul Krugman | Posted 08.03.2012 | Politics

There has been plenty to criticize about President Obama’s handling of the economy. Yet the overriding story of the past few years is not Mr. Obama...

Ben Hallman

DeMarco Takes Moral Stand Against Mortgage Debt Relief | Ben Hallman | Posted 08.07.2012 | Business

Five years into a housing crisis that never seems to end, a dispute over offering homeowners assistance has come down to morality. Edward DeMarco, ...

Edward DeMarco's Biggest Enemies

The Huffington Post | James Sunshine | Posted 08.01.2012 | Business

Principal reduction has been a sticky enough topic for Ed DeMarco. It just got even stickier. The director of the Federal Housing Finance Agency an...

Anti-Foreclosure Law 'Has Become A Mockery'

Reuters | Posted 08.27.2012 | Business

* Borrower protection laws hold back recovery, some economists say * Housing slump worse in states with judicial protection ...

Feds Roll Out New Protections for Military Homeowners on the Move

Chris Birk | Posted 08.25.2012 | Business
Chris Birk

Financial problems consistently rank among the top stressors for military families. Mortgage problems at home can weigh heavily on those serving abroad and even affect mission readiness.

Ben Hallman

Fannie And Freddie Fail On Foreclosure Contractor Oversight | Ben Hallman | Posted 06.19.2012 | Business

Fannie Mae and Freddie Mac failed to keep tabs on thousands of contractors hired to manage more than 1 million foreclosed homes, possibly exposing the...

Bleeding Cash Conservatives: Moral Principle Trumps Rational Pragmatism

Peter S. Goodman | Posted 08.03.2012 | Business
Peter S. Goodman

Not so long ago, the term "bleeding heart liberal," had currency in American politics as a way to accuse someone of costly naïveté. These days we need a new term to describe a strain of politics that has become dominant in many areas of concern, from the foreclosure crisis to long-term unemployment: We are living through what may be called the age of "bleeding cash conservatism."

Ben Hallman

California Lawmakers Say Housing Group Cares More About Banks Than Homeowners | Ben Hallman | Posted 05.30.2012 | Business

The Federal Housing Finance Agency is well on its way to a remarkable achievement: proving less popular, among housing groups, than even the banks who...

Michael McAuliff

Dems: Mortgage Boss Hid Proof Obama's Mortgage Breaks Would Save Billions | Michael McAuliff | Posted 05.01.2012 | Politics

WASHINGTON -- Democrats on the House Oversight Committee on Tuesday accused the head of the Federal Housing Finance Agency -- who has refused to follo...

Principal Reduction: But One Tool for Home Repair

Jared Bernstein | Posted 10.25.2012 | Business
Jared Bernstein

Suppose you are going to repair your damaged home and your only tool on hand is a roll of duct tape. Your resourceful neighbor points out that you could probably also use a hammer, a drill, and a saw. If you're the FHFA, you tell him, "I can do a better job with just my duct tape, so thanks but no thanks." That, in a nutshell, is the problem with the most recent analysis by this key regulator of the mortgage giants Fannie Mae and Freddie Mac when it comes to adding the tool of principal reduction to their anti-foreclosure toolkit. They've made progress in their evaluation of the costs and benefits of loan forbearance and loan forgiveness, but, somewhat bewilderingly, they appear to be comparing the two as if they were mutually exclusive.

Homeowners Can't Afford Another Missed Opportunity

Janis Bowdler | Posted 06.17.2012 | Latino Voices
Janis Bowdler

With a little creativity and cooperation, REOs can become a driving force in neighborhood stabilization. Homeowners cannot afford for banks and regulators to miss another opportunity like this.

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 ...

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.