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Fannie Mae

Why Is Fannie Mae Evicting the Coronel Family?

Peter Dreier | Posted 04.08.2014 | Business
Peter Dreier

The Coronel family is part of a growing national movement to challenge Wall Street and the financial industry, whose predatory practices resulted in millions of Americans losing their homes and millions more still "underwater" with homes worth less than their mortgages.

Reflections on Too Big to Fail

Douglas Holtz-Eakin | Posted 03.26.2014 | Business
Douglas Holtz-Eakin

Too big to fail may be a problem. But it is no larger or smaller than the problem of good policy itself.

Fun with Fannie and Freddie

Dean Graziosi | Posted 03.24.2014 | Business
Dean Graziosi

When it comes to the restructuring or outright dissolution of Fannie Mae and Freddie Mac, there has been a lot of talk, a couple of bills introduced, and nothing really accomplished.

So Fannie and Freddie Weren't the Problem...

Harlan Green | Posted 03.21.2014 | Business
Harlan Green

We are learning just how much mortgage fraud was committed by 18 national and international banks and other financial entities that the Federal Housin...

Losing Fannie and Freddie: A Terrible Idea

Harlan Green | Posted 03.17.2014 | Politics
Harlan Green

There was a reason Fannie Mae (Federal National Mortgage Association) and Freddy Mac (Federal Home Loan Mortgage Corporation) were government created entities, before they became private corporations in the 1970s.

Is Non-Prime the New Sub-Prime?

D. Sidney Potter | Posted 03.04.2014 | Business
D. Sidney Potter

With the recent Academy Award winner for best movie of the year going to 12 Years a Slave, it was only topical to quote a former slave owner himself, ...

Why Fix Something Not Broken?

Karen Hinton | Posted 04.08.2014 | Business
Karen Hinton

Young families, military families and low-income people who may not make six digits but have good credit are, for all practical purposes, blocked from owning a home by requirements for high credit scores and down-payments.

4 Reasons Why Housing Wasn't an Issue in the State of the Union

Jed Kolko | Posted 03.31.2014 | Politics
Jed Kolko

In tonight's speech, President Obama mentioned housing twice. First, at the start of the speech, he included the "rebounding housing market" as part o...

Wall Street Traders May Be Front Running Fannie Mae And Freddie Mac

Reuters | Posted 03.15.2014 | Business

By Richard Leong Jan 13 (Reuters) - Wall Street traders may be manipulating a key derivatives market and front running Fannie Mae and...

Mark Warner's DC Centrism: Hurting the Middle Class

Mike Lux | Posted 03.14.2014 | Politics
Mike Lux

It is a classic DC politician ploy: carry the water for a powerful lobby and call it centrism, while warning advocates of low and middle income people to "not let the perfect be the enemy of the good".

Wells Fargo To Pay Fannie Mae $591 Million To Settle Mortgage Claims

Reuters | Posted 03.01.2014 | Business

Dec 30 (Reuters) - Wells Fargo & Co, the fourth-largest U.S. bank by assets, said it would pay $591 million to Fannie Mae to substantially settle al...

Watt Now? (Or, Can Mel Watt Fix the Housing Crisis?)

Peter Dreier | Posted 02.12.2014 | Politics
Peter Dreier

News coverage of the Senate's confirmation of Congressman Mel Watt on Tuesday to head the Federal Housing Finance Agency (FHFA) was all about politics, not the housing or banking issues he now has to address.

Firm Seeks To Buy Parts Of Fannie And Freddie

Reuters | Posted 01.23.2014 | Business

Nov 13 (Reuters) - Fairholme Capital Management has proposed to buy the insurance businesses of Fannie Mae and Freddie Mac, a move that seeks to res...

Why Did My Student Loans Go From Federal to Private?

Steve Rhode | Posted 01.23.2014 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, I went to a University, earned a BS and MS in Architecture and Design. Had an extremely hard time findin...

Time for Wall Street to Stop Blocking Mel Watt

Mike Lux | Posted 12.30.2013 | Politics
Mike Lux

Wall Street doesn't want a new director of FHFA. They like things the way they are, and don't want a new sheriff in town. That is why Republicans are so willing to buck history and tradition, are so willing to stop the first African-American appointee to run FHFA to be confirmed.

What if Nobody Came to the Government Shutdown?

D. Sidney Potter | Posted 10.29.2013 | Business
D. Sidney Potter

Without the confidence that consumers can enter loan transactions without a substantially amount of risk, then both lender and consumer will become like two left footed dance partners caught in an awkward embrace.

Eric Holder Finally Gets Tough On Banks

Bloomberg View | Jonathan Weil | Posted 10.25.2013 | Business

BLOOMBERG VIEW See if you can make sense of this. Somehow, in the space of seven months, U.S. Attorney General Eric Holder has gone from being: ...

Bank Of America Faces Huge Fine

Reuters | Posted 10.22.2013 | Business

(Reuters) - U.S. housing regulators are looking to fine Bank of America more than $6 billion for its role in misleading mortgage agencies during the h...

JPMorgan Reaches $4 Billion Settlement Over Bad Mortgages

The Huffington Post/Reuters | Posted 10.19.2013 | Business

JPMorgan Chase has reached a tentative deal to pay $4 billion to settle claims it sold bad mortgages to government agencies ahead of the financial cri...

Is the Government Shutdown Roadblocking U.S. Housing Recovery?

Doug Lebda | Posted 12.04.2013 | Business
Doug Lebda

The shutdown will likely affect some borrowers, but will have a minimal impact on housing in the short-term. The key for borrowers will be to ask your lender questions about necessary documentation and anticipated closing timeframes.

Zach Carter

Another Whopping JPMorgan Chase Legal Settlement Under Discussion | Zach Carter | Posted 09.26.2013 | Business

WASHINGTON -- Federal and state authorities are discussing an $11 billion settlement with JPMorgan Chase that would resolve numerous allegations of mo...

Why a Better Housing Finance Solution Shouldn't Be the Enemy of the Best Solution

Dr. Stan Humphries | Posted 11.16.2013 | Business
Dr. Stan Humphries

After months of robust home value appreciation, the U.S. housing market recovery is on very solid footing. We can now begin to turn away from housing's ugly recent history and start contemplating its future, specifically the future of housing finance.

Time to Stop Undermining Homeownership

Ralph Nader | Posted 10.16.2013 | Business
Ralph Nader

The post-financial crisis reality is that the dream of owning a home has ended for too many Americans. Looking ahead, it is unfortunate that much of the same flawed thinking that led to the subprime mortgage crisis is now re-occurring.

Disturbing News in the Mortgage Sector

Richard Barrington | Posted 10.12.2013 | Business
Richard Barrington

For homeowners who are struggling to make their payments, one of their first moves should be to consult a refinancing calculator and an amortization schedule.

Fannie Mae Hires an Officer It Alleges Defrauded It -- and Finance Cheers

William K. Black | Posted 10.15.2013 | Business
William K. Black

Three Bloomberg reporters have done the nation a service by ferreting out a scandal of moderate magnitude but emblematic importance.