Fhfa

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...

The rest of the country is inching forward on tangible progress, but Edward DeMarco could do more than anyone. The need is as urgent now as it ever was.

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.

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

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.

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.

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

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...

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.

In response to public anger and pressure from U.S. lawmakers, the government regulator overseeing Fannie Mae and Freddie Mac is limiting pay for the m...

High-level efforts to convince federal housing regulator Edward DeMarco to support a foreclosure prevention technique championed by the Obama administ...

Having failed to get Fannie Mae and Freddie Mac on board helping struggling homeowners in California, Attorney General Kamala Harris is trying a new t...

Fannie Mae is currently hunting for a new CEO. Which names are at the top of the list?

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...

Top law enforcement officials in several states are signaling they will pressure Fannie Mae and Freddie Mac to correct what is widely seen as one of t...

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

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...

Why are top executives at government-backed mortgage giants Fannie Mae and Freddie Mac getting millions in bonuses while struggling homeowners get little or no help?

WASHINGTON (Margaret Chadbourn) -- Fannie Mae's and Freddie Mac's regulator on Saturday rejected criticism he was obstructing a housing recovery b...