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Federal Housing Finance Agency

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...

Home Prices Are Up. Haven't You Heard?

Jed Kolko | Posted 06.09.2012 | Business
Jed Kolko

Why do we see price increases in some places and price declines in others? What drives rent trends? Want to see the full list of price and rent changes for all 100 metros?

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...

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.

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...

Frank Tells Regulator To Go

The Hill | Mike Lillis | Posted 03.12.2012 | Politics

Rep. Barney Frank has joined the growing chorus of Democrats calling for the removal of the nation's leading housing regulator....

Take a Load Off, Fannie: Principal Reduction Is Overdue

David M. Abromowitz | Posted 05.10.2012 | Business
David M. Abromowitz

There's a growing consensus among economists, investors, academics, and consumer advocates that more "principal reduction" can help avoid another wave of costly and economy-crushing foreclosures.

Fannie, Freddie, and the FHFA Holding The Line On Foreclosure Policies

Joel Sucher | Posted 05.09.2012 | Politics
Joel Sucher

Fannie and Freddie never signed on to the Shaun Donovan-brokered agreement; now, along with their overseer and majordomo, the Federal Housing Finance Agency, executives at the "three F's" are hunkered down in the trenches, hands clamped over ears.

California AG: Let's Make Sure Lending Abuse 'Will Never Happen Again'

Reuters | Posted 04.30.2012 | Business

* Kamala Harris continues fight against lenders * Six bills to protect borrowers from mortgage fraud * Follows settlemen...

Thanks To The Government You Can Now Rent A Foreclosed Home

AP | The Associated Press | Posted 04.28.2012 | Business

WASHINGTON — The government is looking to sell off some of its stock of homes in foreclosure. The Federal Housing Finance Agency has control ov...

Watchdog: Mortgage Giants Spending Too Much Defending Former Execs

AP | MARCY GORDON | Posted 02.22.2012 | Business

WASHINGTON -- The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giant...

Ben Hallman

Homeownership: Huge, Expensive Habit No One Can Break | Ben Hallman | Posted 02.22.2012 | Business

Like many dangerous addictions, the government's reliance on Fannie Mae and Freddie Mac to make real the American dream of homeownership has turned in...

Bonnie Kavoussi

Ex-Fannie Mae Employee: Executives 'Philosophically Opposed' To Loan Forgiveness | Bonnie Kavoussi | Posted 02.09.2012 | Business

Fannie Mae executives are refusing to forgive part of homeowners' mortgage debt because they are "philosophically opposed" to the idea, according to a...

Investors Can Pre-Qualify To Bid On Fannie, Freddie's Foreclosed Homes

Reuters | Posted 04.02.2012 | Business

WASHINGTON, Feb 1 (Reuters) - The regulator for housing finance firms Fannie Mae and Freddie Mac said on Wednesday investors could now sign up to ...

Janell Ross

Double Down: Banks Seek New Way To Profit From Foreclosure Mess | Janell Ross | Posted 12.28.2011 | Business

Banks helped create the housing crisis, and now they're seeking a new way to profit from it. As Bloomberg reported Monday, several financial and inves...

Regulator Mulling Mortgage Debt Reduction For Bankrupt: Report

Posted 12.21.2011 | Business

The regulator for Fannie Mae and Freddie Mac is actively considering a proposal that would allow for a reduction in the outstanding mortgage debt ...

Officials Join Forces To Turn Up Heat In Mortgage Probe

Posted 12.19.2011 | Business

A new collaboration may help to turn up the heat on Wall Street firms accused of mortgage fraud. New York Attorney General Eric Schneiderman and S...

Feds Defend Mortgage Giants In Suit Against Chicago

The Huffington Post | Jen Sabella | Posted 12.15.2011 | Chicago

This summer, residents and community organizers called on Chicago's City Council to do something about the vacant, foreclosed properties that were bec...

Ex-Countrywide Financial Executive: Mortgage Fraud Was 'Systemic'

The Huffington Post | Harry Bradford | Posted 12.05.2011 | Business

With mortgage lenders now facing allegations of misconduct on several fronts, a former top ranking employee at a major home lender has come forward sa...

Watchdog: Fannie, Freddie Improperly Foreclosed On Homeowners

AP | DEREK KRAVITZ | Posted 01.29.2012 | Business

WASHINGTON — A government watchdog said Fannie Mae and Freddie Mac improperly foreclosed on homeowners and cost the government billions of dolla...

Regulator: Fannie, Freddie Million-Dollare Bonuses Are Necessary

Posted 01.23.2014 | Business

The regulator for Fannie Mae and Freddie Mac on Thursday defended their million-dollar executive bonuses which have come under fire given huge los...

Arthur Delaney

Bipartisan Group Of Senators Wants To Ban Bonuses At Fannie And Freddie | Arthur Delaney | Posted 01.09.2012 | Politics

WASHINGTON -- A bipartisan group of senators led by Jay Rockefeller (D-W.Va.) and John McCain (R-Ariz.) announced Wednesday that they want to ban bonu...

Mike Sacks

California Attorney General Urges Fannie And Freddie Chief To 'Step Aside' | Mike Sacks | Posted 10.25.2012 | Politics

California Attorney General Kamala Harris has called on the head of the agency that houses Fannie Mae and Freddie Mac to "step aside" if he continues ...