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Fhfa

My Meeting With the FHFA

Brian Penny | Posted 10.05.2013 | Business
Brian Penny

Three years ago, I would've given anything for someone in the media or government to listen to me. I figured out how the banks were fixing the system ...

Hey Congress: No Vacation Until You Stand Up for Homeowners and Confirm Rep. Mel Watt

Tracy Van Slyke | Posted 09.29.2013 | Politics
Tracy Van Slyke

While Congress takes a vacation in August, tens of millions of homeowners will spend day and night worrying about how to keep their home, pay their mortgage and continue to struggle to make ends meet.

Will Senator Kirk Stand With Illinois Consumers?

Dory Rand | Posted 09.14.2013 | Chicago
Dory Rand

Senator Kirk voted against allowing a floor vote on Cordray and signed a letter with 42 Republicans vowing to block any nominee, no matter how qualified, unless the CFPB is substantially weakened. That isn't right.

Citi Settles Massive Mortgage Lawsuit

Reuters | Posted 07.28.2013 | Business

* Federal Housing Finance Agency agrees to dismiss lawsuit * Agency will not say how much Citi will pay * Agency still i...

FHFA Offers New Simplified Loan Modification

Anna Cuevas | Posted 07.06.2013 | Business
Anna Cuevas

Making it easier for homeowners to reduce their monthly mortgage payment and keep their homes is always favorable; however, providing homeowners with an incentive to fall behind on their payments could be an unfavorable strategy for both taxpayers and homeowners.

America's Half-Forgotten Housing Crisis

David Coates | Posted 07.06.2013 | Politics
David Coates

On the housing front, the good news is that the president wants Mel Watt to head the FHFA. The really bad news is that the problems in the U.S. housing system are currently so entrenched that, even if he is confirmed, Mel Watt will be hard-pressed to resolve them.

Housing Activists Convince Obama to Dump DeMarco

Peter Dreier | Posted 07.02.2013 | Politics
Peter Dreier

The anti-DeMarco campaign is part of a broader movement to hold Wall Street banks accountable for crashing the economy, destroying the housing wealth of millions of homeowners, and refusing to help families facing foreclosure through no fault of their own.

Shahien Nasiripour

Obama Pick Gets Some Republican Support

HuffingtonPost.com | Shahien Nasiripour | Posted 05.02.2013 | Business

BOSTON -- The White House, long bedeviled by shortcomings in its housing programs, received two boosts Wednesday when its pick to lead a key housing a...

Shahien Nasiripour

Obama To Nominate Longtime Congressman For Key Job

HuffingtonPost.com | Shahien Nasiripour | Posted 05.02.2013 | Business

BOSTON -- President Barack Obama will nominate Mel Watt, a longtime Democratic congressman from North Carolina, to oversee government-controlled mortg...

Report: Famed Economist Is The Front-Runner To Replace Controversial Watchdog

Reuters | Posted 06.13.2013 | Business

By Douwe Miedema WASHINGTON, April 13 (Reuters) - Mark Zandi, a well-known economist, is a front-runner to lead the U.S. housing regul...

Ben Hallman

Shocking New Failure Allows Mortgage Abuses To Keep Happening

HuffingtonPost.com | Ben Hallman | Posted 03.21.2013 | Business

NEW YORK -- For more than five years, many homeowners who complained about mortgage industry foreclosure abuses have wondered whether anyone with a fi...

'Dump DeMarco' Housing Protestors Interrupt (and Get Evicted From) House Hearing

Tracy Van Slyke | Posted 05.20.2013 | Politics
Tracy Van Slyke

Ed DeMarco's continued ideological opposition to principal reduction -- also known as resetting mortgages to fair market value -- has made him widely known one of the biggest obstacles to our country's economic progress.

How the Federal Housing Finance Agency Blocked Planned Savings of Hundreds of Millions of Dollars

Jeryl Brunner | Posted 05.13.2013 | Politics
Jeryl Brunner

The FHFA's decision preserves unfair practices in the mortgage servicing and insurance industries. It means the new approach and lower rates will not be implemented and therefore the status quo will continue.

Eleazar David Melendez

Obama Urged To Replace DeMarco, Help Underwater Borrowers

HuffingtonPost.com | Eleazar David Melendez | Posted 02.07.2013 | Business

Members of the House of Representatives urged Obama Thursday to appoint a permanent leader of the Federal Housing Finance Agency (FHFA) who will suppo...

No Justice in Loma...

Joel Sucher | Posted 03.24.2013 | Business
Joel Sucher

Loma, Colo., is a small town, a very small town indeed, but one that Louise Davidson had called home until she was until she was evicted in April 2012 by Fannie Mae, the owner of her mortgage.

Mark Gongloff

Libor Fraud Cost U.S. Taxpayers Billions: Report

HuffingtonPost.com | Mark Gongloff | Posted 12.20.2012 | Business

Libor manipulation cost Fannie Mae and Freddie Mac more than $3 billion, according to an estimate by a government watchdog, who recommends the governm...

Zach Carter

Wall Street Analyst: Obama Will Fire DeMarco In December

HuffingtonPost.com | Zach Carter | Posted 11.02.2012 | Politics

Bank of America analyst Ralph Axel said Friday that he expects President Barack Obama to fire acting Federal Housing Finance Agency Director Ed DeMarc...

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 ...

Ben Hallman

Fannie Mae Pays Banks $1.5 Billion So It Can Fire Them

HuffingtonPost.com | 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...

Help Keep a Good Idea Alive

Michael Brune | Posted 11.13.2012 | Green
Michael Brune

What do we lose when PACE programs are killed? Start with the financial savings for homeowners who could make home improvements that allowed them to use less energy, generate their own energy, or both.

VIDEO: Underwater Voters Have Message for Obama

Van Jones | Posted 10.16.2012 | Politics
Van Jones

Housing and foreclosures have been largely absent from the political debate, but they're about to break through in a big way. Battleground states like Nevada, Florida, Ohio, Colorado, Wisconsin, and North Carolina have been among the hardest hit by the housing crisis.

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

HuffingtonPost.com | 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.