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Freddie Mac

Official Makes Rules For Gov't Conferences, Proceeds To Have Lavish Conference

The Huffington Post | Harry Bradford | Posted 04.03.2012 | Business

An extravagant conference sponsored by U.S. taxpayers is costing some government officials their jobs. General Services Administration chief Marth...

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...

Ben Hallman

They're 'Not Aware' Of Mortgage Settlement?! | Ben Hallman | Posted 03.27.2012 | Business

Mira Tanna, a housing advocate in Orlando, Fla., doesn't expect everyone to know the details of the recently announced $25 billion mortgage settlement...

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.

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 | Business
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.

Peter S. Goodman

Retribution: Fannie, Freddie Punish Homeowners Who Fall Behind | Peter S. Goodman | Posted 09.25.2012 | Business

SPRINGFIELD, Mass. -- After two years of bewildering futility, John and Linda DeCaro thought they had finally found a way to hang on to their home. ...

Not Slashing Loans May Be Costing Mortgage Giants Money

Posted 03.23.2012 | Business

By Jessie Eisinger, ProPublica and Chris Arnold, NPR New analyses by mortgage giants Freddie Mac and Fannie Mae have added an explosive new dimens...

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...

What To Know Before Refinancing Your Mortgage

Reuters | Posted 05.19.2012 | Money

By John Wasik March 16 (Reuters) - I got a letter from my bank the other day offering a streamlined refinancing deal for my current home mortg...

How to Win FB Friends and Influence People

ProPublica | Posted 05.13.2012 | Politics

Targeted online advertising is nothing new. But political campaigns and advocacy groups are increasingly adopting the same microtargeting tactics that companies use.

America's Most Dangerous Man: Ed DeMarco Single-Handedly Prevents Principal Reductions

Peter S. Goodman | Posted 05.12.2012 | Business
Peter S. Goodman

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.

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.

Bonnie Kavoussi

Top Housing CEOs Will Get Huge Pay Cut | Bonnie Kavoussi | Posted 03.11.2012 | Business

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...

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.

Rick Santorum's Housing Hypocrisy

Mother Jones | Andy Kroll and Tim Murphy | Posted 03.09.2012 | Politics

Rick Santorum wants the government out of every aspect of Americans' lives—especially the housing market. He pledges to eliminate Fannie Mae and Fre...

Ben Hallman

Time to Pack? Foreclosure Starts On The Rise | Ben Hallman | Posted 03.08.2012 | Business

Looks like the mortgage industry is ready to snake out a foreclosure pipeline clogged with millions of defaulted home loans. Foreclosure starts on...

Keeping a Roof Over Our Heads

Rep. Charles Rangel | Posted 05.07.2012 | Politics
Rep. Charles Rangel

Congress must not let the Mortgage Forgiveness Debt Relief Act expire at the end of the year. Today 12 million Americans are on the verge of losing their homes because they owe more money than their home is worth.

Bank Probe Adds 'A Lot Of Overlapping Cooks In The Kitchen'

Reuters | Posted 05.01.2012 | Business

* DOJ subpoenas seek three years of documents * New group announced in State of the Union * Could slow down efforts to r...

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...

Ben Hallman

Housing Regulator Won't Heed President Obama On Foreclosure Fix | Ben Hallman | Posted 02.28.2012 | Business

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

Occupy Group Declares Victory In Foreclosure Fight

The Huffington Post | Posted 02.28.2012 | DC

WASHINGTON -- Occupy Our Homes-DC, a housing-focused group related to Occupy DC, scored a victory in its goal of saving a Bowie, Md., grandmother's ho...

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...

Gabriel Lerner

The Marine vs. Freddie Mac: Winner Takes Home | Gabriel Lerner | Posted 02.27.2012 | Latino Voices

Almost a week after they were scheduled to be evicted forcibly from their home, the De Los Santos family is still living in the Riverside house they b...

BofA Tired Of Fannie Mae, Stops Selling Some Mortgages To Them

Reuters | Posted 04.25.2012 | Business

* BofA cites Fannie Mae repurchase claims * Bank still selling loans to Freddie Mac * BofA freezing pension plan June 30...