Fha

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

Read More: Fhfa, Foreclosures, Bank Settlement, Fha, Freddie Mac, Hud, House Prices, Fannie Mae, Principal Write-Down, Housing Crisis, Gses, Mortgage Crisis, Business News
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.

Read Post

Mortgage Insurer's Bankruptcy Will Make It Harder To Get Loans

The Huffington Post | Ann Brenoff | Posted 11.23.2011

Read More: Mortgage Insurance, Federal Housing Administration, Mortgages, Pmi, Bankruptcy, PMI Bankruptcy, Lending, Fha, Mortgage Lending, Mortgage Crisis, PMI Mortgage Insurance, Real Estate, Housing Crisis, Business News

One of the nation's major mortgage insurers filed for Chapter 11 bankruptcy protection Wednesday -- a move that's seen as a blow to lenders and ultim...

Read Whole Story

Report: Federal Housing Administration May Require A Bailout By Next Year's End

Posted 11.15.2011

Read More: Federal Housing Administration, Video, Fha Bailout, Bailout, Fha, FHA Loans, Taxpayer Bailout, Fha Low on Cash, Business News, Wall Street Journal, Housing News, Business News

The Federal Housing Administration's cash reserves have dropped so low that there is a close to a 50 percent chance it could run out of funds and ...

Read Whole Story

How the U.S. Government Promoted Segregation

Preeti Vissa | Posted 12.11.2011

Read More: Community Reinvestment Act, Race, Segregation, Housing Crisis, Fha, Civil Rights, Homeownership, Politics News
Preeti Vissa

For every dollar a white family owns, the median Latino family has six cents and the median black family has a nickel. That staggering gap didn't happen by chance.

Read Post

Another Blow to Housing Markets Looms Without FHA Loan Limit Extension

Matthew Dornic | Posted 11.26.2011

Read More: Federal Housing Administration, Housing Market, Real Estate, Fha, Politics News
Matthew Dornic

In less than a week, the home buying power of millions of Americans will be crippled by an average of $68,000. Some markets will experience declines as high as $250,000. That is, unless Congress intervenes before Oct. 1.

Read Post

Amnesty for the Indefensible

Robert Scheer | Posted 10.24.2011

Read More: Robert Scheer, Government, Eric Schneiderman, White House, Bush, Barack Obama, Clinton, Fha, Economy, Banks, Hud, Obama, Wall Street, Business News
Robert Scheer

They will get away with it, at least in this life. "They" are the Wall Street usurers, people of a sort condemned in Scripture, who have brought more misery to this nation than we have known since the Great Depression.

Read Post

BofA Signs HUD Pact Worth Millions Over Faulty Loss Mitigation

American Banker | Kate Berry and Jeff Horwitz | Posted 10.04.2011

Read More: Bank of America, National Consumer Law Center, Hud, American Banker, Urban Development, The Department of Housing, Robert Gaither, Fha, Business News

The Department of Housing and Urban Development has reached a settlement with Bank of America that releases the company from liability for failing to ...

Read Whole Story

Shahien Nasiripour

Deutsche Bank Accused Of Massive Mortgage Fraud By U.S. Government

HuffingtonPost.com | Shahien Nasiripour | Posted 07.03.2011

Read More: Deutsche Bank, Deutsche Bank Lawsuit, Federal Housing Administration, Deutsche Bank Mortgage, Inspector General, Fha, Mortgage Fraud, Hud, Financial Crisis, Deutsche Bank Mortgage Fraud, US Attorneys, Justice Department, Preet Bharara, Video, Business News

The Justice Department sued Deutsche Bank AG, one of the world's 10 biggest banks by assets, on Tuesday for at least $1 billion for defrauding taxpaye...

Read Whole Story

Yepoka Yeebo

Coping With Chicago's Foreclosure 'War Zones'

HuffingtonPost.com | Yepoka Yeebo | Posted 05.25.2011

Read More: Neighborhood Housing of Chicago, Bryan Esenberg, Fha, Vacant, Raymond Pianka, Abandoned Property, Building Code Violation, Freddie Mac, Gregg Smith, Chicago, Reo, Woodstock Institute, Foreclosure, Business News

Bryan Esenberg's job is to tend the graveyard of Chicago's housing boom. Esenberg works for a local nonprofit that steps in to prevent abandoned b...

Read Whole Story

Both Health Care and Real Estate Face Further Reforms in 2011

Francine Hardaway | Posted 05.25.2011

Read More: Health Care Reform, Patient Protection and Affordable Care Act, Medicare, Republicans, Politics, Congress, Baby Boomers, Va, Underinsured, Fha, Economy, Mortgage Crisis, Political Reform, Hamp, Medicaid, Hafa, Real Estate, Politics News
Francine Hardaway

Health care and real estate, two important areas of interest to the U.S. economy, are due for some big changes in 2011. What can we expect?

Read Post

Fannie, Freddie In Talks With Government Over Reducing Balances For Struggling Homeowners: Report

Posted 05.25.2011

Read More: Federal Housing Administration, Foreclosure Crisis, Loan Modifications, Freddie Mac, Mortgage Modifications, Fha, Principal Reductions Mortgages, Fannie Mae, Underwater Homeowners, Negative Equity, Business News

NEW YORK: Fannie Mae and Freddie Mac are in discussions with U.S. government officials to join government programs aimed at reducing mortgage balances...

Read Whole Story

$600 Billion To Boost Economy But $1.8 Trillion Lost To Foreclosures Why Is The Federal Government Powerless To Make Banks Help Homeowners?

John Taylor | Posted 05.25.2011

Read More: Foreclosures, Mortgages, Hamp, Ncrc, Fannie Freddie, Wall Street, Fha, Federal Reserve, Principal Reduction, Politics News
John Taylor

Along with other community and housing groups, the National Community Reinvestment Coalition has been pushing the White House and Congress to require ...

Read Post

Fannie, Freddie Get New Regulaor

AP | Posted 05.25.2011

Read More: FHA Director, Freddie Mac, Fha, Federal Housing Finance Agency, Fannie Mae, Joseph Smith, Joseph Smith Jr., Joseph Smith Fannie Freddie, Business News

RALEIGH, N.C. — North Carolina's banking commissioner has been nominated by President Barack Obama to lead the federal agency that oversees Fannie M...

Read Whole Story

Real Estate and Business Concerns Are Front and Center at the MBA

Jerry Chautin | Posted 05.25.2011

Read More: Loan Underwriting, Fha, Apartments, Single Family Homes, Elevator Speech, James Carville, Fannie Mae, Construction Loans, Mary Matalin, Real Estate, Multifamily Rental, Federal Housing Administration, Mortgage Bankers Association, Small Business Owners, Freddie Mac, Borrowing Money, Business News, Lending Programs, Refinance, Commercial Real Estate, Mba, Jamie Woodwell, Business News
Jerry Chautin

Near term, economists tell us that less homebuyers and more apartment renters are in our future. Yet, the Mortgage Bankers Association reports that ...

Read Post

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

Hank Paulson | Henry Paulson | Posted 05.25.2011

Read More: Mortgages, Housing Market, Fannie Freddie Reform, Hank Paulson, Freddie Mac, Fha, Mortgage Securitization, Henry Paulson, Fannie Mae, Paulson Fannie Freddie, Gses, Business News

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...

Read Whole Story

FHA: Banks Should Share Fannie, Freddie Bailout Costs

AP | ALAN ZIBEL | Posted 05.25.2011

Read More: Federal Housing Administration, Fha, Freddie Mac, Fannie Freddie, Banks Fannie Freddie, Fannie Mae, Banks, Fannie Mae Freddie Mac Bailout, FHA Fannie Freddie, Business News

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...

Read Whole Story

Mortgage Cons Slip Through Federal Crackdown

Washington Post | Brian Grow | Posted 05.25.2011

Read More: Federal Housing Administration, Mortgage Lenders, Foreclosure Crisis, Mortgage Crackdown, Fha, Mortgage Crisis, Foreclosure, Reckless Mortgage Lenders, Business News

A crackdown on reckless mortgage lenders by the Federal Housing Administration has failed to root out several executives with criminal records whose f...

Read Whole Story

White House Launches New Foreclosure Program To Help 'Underwater' Homeowners

AP | ALAN ZIBEL | Posted 05.25.2011

Read More: Foreclosures, Federal Housing Administration, Fha, Obama Foreclosures, Homeowners, Obama Foreclosure Plan, Obama FHA, Business News

WASHINGTON — The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist ...

Read Whole Story

Fannie Mae, Freddie Mac Shares To Be Pulled From NYSE

AP | Posted 05.25.2011

Read More: Nyse, Freddie Mac, Fannie Freddie Stock, Fannie Freddie, Fha, Fannie Freddie Delisted, Fannie Mae, New York Stock Exchange, Fannie Freddie Shares, Business News

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

Read Whole Story

Fannie Mae's 'Affordable Advantage' Program Offers Mortgages For Only $1,000 Down

The Washington Independent | Annie Lowrey | Posted 05.25.2011

Read More: $1, Fha, Freddie Mac, Mortgages, Fannie Mae, Affordable Advantage, 000 Mortgage, Business News

The pilot program is called "Affordable Advantage," and it has now been adopted by three states -- Massachusetts, Wisconsin and Idaho. (Other states, ...

Read Whole Story

Gretchen Morgenson: Holding Bankers' Feet To The Fire

New York Times | Posted 05.25.2011

Read More: Fha, Freddie Mac, Wall Street, Foreclosure, Financial Reform, Mortgages, Fannie Mae, Megabanks, DeMarco, Housing Crisis, Financial Crisis, Business News

KUDOS to the Federal Housing Finance Agency, overseer of Fannie Mae and Freddie Mac, the crippled mortgage finance giants. While some in Washington ha...

Read Whole Story

6 Ways To Fix The Mortgage Mess NOW

Peter G. Miller | Posted 05.25.2011

Read More: Foreclosures, OurBroker.Com, Fha, Hud, Toxic, Mortgage Backed Securities, Registration, Licensing, Obligation, Mortgages, Stated Income, Applications, Loans, Fiduciary, Predatory, Loan Officers, Ratings, Liar Loans, Mbs, Real Estate, Politics News
Peter G. Miller

For all the talk of reform on Wall Street, a quicker and easier way to assure that big banks don't fail and small borrowers don't get screwed is to si...

Read Post

Ryan Grim

House Targets Underwater Homeowners

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Federal Housing Administration, Fha, Mark Zandi, Underwater Mortgages, Mortgages, Mortgage Crisis, Republicans, Underwater Homeowners, 60 Minutes, Bailouts, Dean Baker, Business News

The House GOP launched an assault Thursday on homeowners who walk away from underwater mortgages, arguing that such foreclosed-on former homeowners ar...

Read Whole Story

House Flipping Is BACK: Sales Of Foreclosed Homes Booming In Crisis Hotspots Like Las Vegas, Arizona

bloomberg.com | Phrashant Gopal | Posted 05.25.2011

Read More: Foreclosures, California, Home Speculation, Phoenix, Home Prices, Fha, House Flipping, Sales of Foreclosed Homes, Foreclosed Homes, Arizona, Las Vegas, Realtytrac, Business News

In Phoenix, 4,661 foreclosed homes changed hands within six months of being purchased in 2009, an increase of 81 percent from the year earlier, accord...

Read Whole Story

George Soros: Fannie, Freddie Shouldn't Finance Mortgages, Bond Market Should Lend Directly To Homeowners

GEORGE SOROS | Posted 05.25.2011

Read More: Federal Housing Administration, Mortgages, Fha, George Soros, Freddie Mac, Mortgage Crisis, Fannie Mae Freddie Mac Bailout, Fannie Mae, Gses, Government-Sponsored-Entities, Business News

With the private sector largely incapacitated, the GSEs and FHA became virtually the only source of mortgage financing. This is a paradoxical situatio...

Read Whole Story