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Freddie Mac

Wheat Ridge Woman's House Sold Without Notice, Told To Keep Making House Payments

KDVR | Julie Hayden | Posted 05.25.2011 | Denver

WHEAT RIDGE, Colo. - It's a program designed by the Obama Administration to help people in these tough economic times keep their homes, but a Wheat Ri...

Weekly Audit: Save Affordable Housing, Help Revive America's Middle Class

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

by Zach Carter, Media Consortium blogger Over the past decade, Fannie Mae and Freddie Mac transformed themselves into some of the worst-run companies ...

Mortgage Failure: Who Should REALLY Pay?

nytimes.com | FLOYD NORRIS | Posted 05.25.2011 | Business

If nobody does their job right, and disaster ensues, who should pay for the sins of all? That is the predicament now confronting the mortgage industr...

Fannie, Freddie Reform: The Government Needs To Continue Propping Up The Mortgage Market, Say Banking Execs

Posted 05.25.2011 | Business

WASHINGTON (AP, ALAN ZIBEL) -- The Obama administration invited banking executives Tuesday to offer advice on changing the government's role in the mo...

What Should Be Done With Fannie And Freddie?

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The call from business for less government has a notable exception: the mortgage market. The Obama administration invited banking ...

Fannie Mae, Freddie Mac Shares To Be Pulled From NYSE

AP | Posted 05.25.2011 | Business

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

N.Y.Times Op-Ed Impugns Financial Reform by Imagining Fannie Is Just Like Wall Street

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

John Carney's New York Times op-ed piece is a tour de force, a paean to nonsensical thinking. He ignores the Fannie and Freddie of the real world. Instead, he goes after the Fannie and Freddie that exist only in his imagination.

Sensible Reforms Needed to Shield Housing Finance from Wall Street's Malfeasance

John Taylor | Posted 05.25.2011 | Politics
John Taylor

If the Obama Administration is serious about protecting the average American, then Fannie and Freddie must have a public role in the financial markets. Don't throw out the baby with the bath water.

Freddie Mac Requests $1.8B Government Handout After Big Losses

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Keeping Fannie Mae and Freddie Mac in business will cost taxpayers billions. But getting the federal government out of the mortgage...

Why Were Fannie Mae & Freddie Mac Hot For Countrywide

The New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Politics

Outwardly, Fannie and Freddie wrapped themselves in the American flag and the dream of homeownership. But internally, they were relentless in their pu...

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

The Washington Independent | Annie Lowrey | Posted 05.25.2011 | Business

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

Geithner To Bankers: Don't Fear Reform

AP / Huffington Post | Posted 05.25.2011 | Business

NEW YORK-- Treasury Secretary Timothy Geithner traveled to New York City on Monday to tell bankers and the financial industry that new financial regul...

Thanks, Hank

Barry Zigas | Posted 05.25.2011 | Home
Barry Zigas

Thanks, Hank Former Treasury Secretary Henry Paulson weighed in today on reform of the housing finance system with an op-ed piece in the Washington P...

Treasury Used Bogus Info in Report to Homeowners

Richard Zombeck | Posted 05.25.2011 | Business
Richard Zombeck

According to a recent article in HuffPo by Shahien Nasiripour, "Treasury claims that Fannie Mae, which administers its Home Affordable Modification Pr...

Existing Homes Sales Sank 5.1 Percent In June

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles are...

What's Still In The Financial Reform Bill?

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Banking regulators shared the blame for the financial crisis that buckled Wall Street. Now they're the ones lawmakers are counting ...

Countrywide VIP Gave Fannie Mae "Sweetheart Deals"

AP | LARRY MARGASAK | Posted 05.25.2011 | Business

WASHINGTON — The former Countrywide Financial Corp. gave preferential loans to more than three dozen employees of Fannie Mae while the two giant...

Gretchen Morgenson: Holding Bankers' Feet To The Fire

New York Times | Posted 05.25.2011 | Business

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

Whither Fannie and Freddie?

Laurence J. Kotlikoff | Posted 05.25.2011 | Business
Laurence J. Kotlikoff

Frannie and Freddie are here to connect lenders and borrowers. They aren't here to borrow money, promise to repay, and then make mortgages that are hi...

Wall Street Heaves a Sigh of Relief - Reform Not as Strong as it Should Have Been

John Taylor | Posted 05.25.2011 | Politics
John Taylor

Bad economic news has dominated the headlines continuously since at least the spring of 2007: rising foreclosures, growing job loss, dwindling college...

Green News Report: July 15, 2010 (Audio)

Brad Friedman and Desi Doyen | Posted 05.25.2011 | Green
Brad Friedman and Desi Doyen

TWITTER: @GreenNewsReport The 'GNR' is also now available on your cell phone via Stitcher Radio's mobile app! IN TODAY'S RADIO REPORT: 2010 shaping...

At Their Own Pace: Fannie and Freddie Don't Like Progress

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

The intervention in PACE of two of the most maligned agencies in the country shows that the federal government is still reacting to the short-sighted interests of groups that do not function with the public good as their goal.

Congress Overlooks Fannie Mae, Freddie Mac In Financial Reform Debate

New York Times | Posted 05.25.2011 | Politics

Freddie -- already propped up with $52 billion in taxpayer funds used to rescue the company from its own mistakes -- recorded a loss of $6.7 billion a...

The Federal Government Attacks Creative Local Green Energy Finance

Steven Cohen | Posted 05.25.2011 | Green
Steven Cohen

The federal housing agencies' attack on an energy and money-saving program, Property Assessed Clean Energy (PACE), demonstrates an obtuse hostility toward green energy initiatives.

Shelby: Fannie Mae, Freddie Mac Should Be Included In Financial Reform

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — A Democratic plan to rein in the financial industry is flawed because it fails to tighten control over two large government-sponsor...