Fannie Mae

Many Foreclosure Victims Making Speedy Return To Homeownership

Reuters | Posted 05.17.2012

Read More: Video, Foreclosure Crisis, Freddie Mac, Federal Reserve Chairman Ben Bernanke, Federal Housing Agency, Great Recession, Homeownership, Reuters, Mortgage Crisis, Fannie Mae, Foreclosure, Forclosure, Housing Crisis, Business News

By Jilian Mincer NEW YORK, May 16 (Reuters) - When Jennifer Anderson's family could no longer afford their mortgage an...

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America's Top Housing Official Must Aid Struggling Homeowners

Preeti Vissa | Posted 05.14.2012

Read More: Fannie Mae, Edward Demarco, Foreclosure, Freddie Mac, Fhfa, Housing Crisis, Business News

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.

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Fannie Mae Doesn't Need Taxpayer Aid For First Time Since Bailout

Reuters | Posted 05.10.2012

Read More: Fannie Mae Aid, Fannie Mae, Fannie Mae Housing, Video, Freddie Mac, Fannie Mae Profit, Reuters, Fannie Mae Taxpayers, Business News

* Fannie Mae posts Q1 profit of $2.7 billion * Profit due to fewer delinquencies * Escapes need for taxpayer aid this qu...

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Exorbitant Insurance Policies Tipping Homeowners Into Foreclosure

Bloomberg View | the Editors | Posted 05.08.2012

Read More: Interest Rates, Mortgages, Video, California, Consumer Financial Protection Bureau, Fannie Mae, Center for Economic Justice, Homeowners, U.S. Housing Crisis, New York State?S Department of Financial Services, Business News

From Bloomberg View: One of the more confounding aspects of the U.S. housing crisis has been the reluctance of lenders to do more to assist trouble...

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Fannie Mae's Approval of Mortgage Principal Reductions Gets the Silent Treatment

Anna Cuevas | Posted 05.04.2012

Read More: Principal Reduction, Save Your Home, Hamp, Loan Modifications, Home Affordable Modification Program, Citibank, Fannie Mae, Foreclosure, Edward Demarco Fhfa, Fhfa, Money News

Edward DeMarco, Acting Director of the FHFA, indicated that additional analysis would have to be performed to determine the long-term benefits of principal reductions.

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Top Freddie Mac Executive Steps Down

Reuters | Posted 05.01.2012

Read More: Mortgages, Video, Freddie Mac, Charles Halderman Jr., Reuters, Mortgage Crisis, Anthony Renzi, Fannie Mae, Sec, Real Estate, Securities and Exchange Commission, GMAC Mortgage, Salary Cuts, Business News

* Anthony Renzi leaving post as head of single-family business -filing * Regulator has ruled out bonuses for many top execs at compan...

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Why Despite A Chorus Of Critics, Fannie, Freddie Aren't Being Shutdown

Reuters | Posted 04.23.2012

Read More: Congress, Housing Market, Foreclosure Crisis, Video, Freddie Mac, Bailout, Reuters, Financial Services Committee, Obama Administration, Fannie Mae, Treasury Secretary Timothy Geithner, Home Loans, University of Pennsylvania's Wharton School, Business News

* Democrats and Republicans want to replace mortgage giants * No quick action from Congress expected in election year By...

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Why You Shouldn't Buy Treasury's Line On The Bailouts

Bloomberg View | Jonathan Weil | Posted 04.20.2012

Read More: White House, Treasury Department, Continental Illinois National Bank & Trust Co, U.S. Federal Housing Administration, Video, Fdic, Freddie Mac, Financial Sector, Troubled Asset Relief Program, Fannie Mae, Federal Reserve, Taxpayers, Business News

The U.S. Treasury Department wants the public to believe the government’s bailouts of the financial sector might make money for taxpayers. It’s ea...

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Renting Out Foreclosed Homes Ready To Become Big Business

The Huffington Post | Harry Bradford | Posted 04.13.2012

Read More: Video, Dr. Evil, Foreclosure Rentals, Foreclosure Crisis, Freddie Mac, Wall Street, Bank of America, Carrington Capital Management, Mortgage Crisis, Fannie Mae, Federal Reserve, Waypoint Real Estate, Foreclosure, Corelogic, Austin Powers, Mortgage to Lease, Business News

The business of turning foreclosed homes into rentals is set to boom. The practice could be a $100 billion industry this year, according to a rep...

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Thanks To BofA You Can Now Buy Foreclosed Homes In Bulk

Reuters | Posted 04.13.2012

Read More: Foreclosure Crisis, Video, Freddie Mac, Subprime Mortgages, Hedge Funds, TPG Capital, Countrywide Financial, Reuters, Bank of America, Mortgage Crisis, Assets, Fannie Mae, Federal Housing Finance Agency, Banks, Foreclosure, Private Equity, Business News

By Matthew Goldstein and Jennifer Ablan NEW YORK, April 12 (Reuters) - For the second time in five months, Bank of America is tapping ...

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Taxpayers Spend Staggering Amount To Keep Foreclosed Homes Looking Nice

The Huffington Post | Alexander Eichler | Posted 04.11.2012

Read More: Vacant Homes, Housing Market, Housing Prices, Foreclosure Crisis, Freddie Mac, Vacant Houses, Vacancies, Fannie Mae, Homeowners, Foreclosure, Home Maintenance, Maintenance Costs, Renters, Housing Crisis, Video, Business News

The foreclosure crisis is costing you money. How much, exactly, depends on a number of factors -- whether you own a house, what your property is wo...

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DeMarco Speaks! (With Closed Captioning for the Mortgage-Impaired)

Richard (RJ) Eskow | Posted 04.11.2012

Read More: Fhfa, Freddie Mac, Tim Geithner, Hamp, Fannie Mae, Harp, Principal Writedowns, Edward Demarco, Shaun Donovan, Foreclosures, Foreclosure Crisis, Financial Crisis, Federal Housing Finance Agency, Ed DeMarco, Mortgage Crisis, Politics News

DeMarco's still an unelected ideologue with too much power, and he still needs to go. But yesterday, he finally spoke up. To anyone with the right political or emotional closed-captioning device the message was loud and clear: Don't rush me, Mr. President -- and find yourself another fall guy.

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White House Wants Fannie Mae, Freddie Mac To Start Helping Homeowners

Reuters | Posted 04.07.2012

Read More: Mortgages, Video, Mortgage Aid, Mortgage Relief, Freddie Mac, Reuters, Mortgage Crisis, Fannie Mae, Homeowners, Fhfa, Shaun Donovan, Housing Crisis, Business News

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

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Homeowners Stuck With High Rates Even After Refinancing Program

Posted 04.06.2012

Read More: Interest Rates, JP Morgan Chase, Foreclosure Crisis, Video, Mortgage, Freddie Mac, Wells Fargo, Inside Mortgage Finance, Bank of America, Home Affordable Refinancing Program, Fannie Mae, Hud, Homeowners, Foreclosure, Federal Trade Commission, Business News

By Cora Currier ProPublica Some homeowners are getting stuck with relatively high interest rates even after they participate in the government's p...

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

The Huffington Post | Harry Bradford | Posted 04.03.2012

Read More: Social Security Administration, Stephen Leeds, General Services Administration, Video, Freddie Mac, Gsa, Inspector General Brian D. Miller, Public Buildings Service, Martha Johnson, President Obama, Federal Aviation Administration, Fannie Mae, Washington Post, Robert a Peck, Conference, Business News

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

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Home Insurance Abuse Will Survive New Fannie Mae Rules, Critics Say

HuffingtonPost.com | Ben Hallman | Posted 04.03.2012

Read More: Mortgages, Foreclosure Crisis, Home Insurance, Bank of America, Fannie Mae, Financial Crisis, Foreclosure, GMAC Mortgage, Gmac, Forced Place Insurance, Business News

New Fannie Mae rules meant to lessen the cost of expensive bank-imposed home insurance would fail to curb some of the most abusive industry practices,...

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Private Equity Firm Buys 5 Homes Per Day In Race For 'Awesome' Profits

The Huffington Post | Jillian Berman | Posted 04.03.2012

Read More: Foreclosures, Foreclosure-to-Rent, Video, Foreclosure Crisis, Business News, Bank of America, Fannie Mae, Rent-to-Own, Private Equity Foreclosures, Private Equity, Housing Crisis, Home Foreclosures, Business News

It’s a landlord's market and financial firms are taking advantage. One private equity firm, Waypoint Real Estate, is buying about five foreclose...

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DeMarco Needs to Get to Work or Get a New Job

Mary Jo Kilroy | Posted 03.29.2012

Read More: Fhfa, Federal Housing Finance Agency, Freddie Mac, Ohio, Housing, Fannie Mae, Foreclosure, Principal Write-Down, Edward Demarco, Underwater Mortgages, Business News

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.

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Watchdog: Mortgage Giants Too Free To Make Their Own Decisions

AP | CHRISTOPHER S. RUGABER | Posted 03.29.2012

Read More: Treasury Department, Video, Foreclosure Crisis, Freddie Mac, Bailout, U.S. Housing Regulator, Federal Housing Finance Agency, Financial Crisis, Fannie Mae, Foreclosure, Home Loans, Business News

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...

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They're 'Not Aware' Of Mortgage Settlement?!

HuffingtonPost.com | Ben Hallman | Posted 03.27.2012

Read More: Principal Reduction, Mortgages, JPMorgan Chase, Foreclosure Crisis, Freddie Mac, Mortgage Settlement, Bank of America, Fannie Mae, Foreclosure, Business News

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

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Finally, A Commonsense Proposal in the Mortgage Foreclosure Crisis

Amy Hovey | Posted 05.26.2012

Read More: Freddie Mac, Foreclosures, Mortgages, Housing Market, Foreclosure Crisis, Mortgage Settlement, Subprime Mortgages, Housing, Federal Housing Finance Agency, Foreclosure Rate, Fannie Mae, Mortgage Crisis, Foreclosure Settlement, Business News

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.

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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

Read More: Fhfa, Foreclosures, Bank Settlement, Fha, Freddie Mac, Hud, House Prices, Fannie Mae, Principal Write-Down, Housing Crisis, Gses, Mortgage Crisis, Business News

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.

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Retribution: Fannie, Freddie Punish Homeowners Who Fall Behind

HuffingtonPost.com | Peter S. Goodman | Posted 03.26.2012

Read More: Principal Reduction, Freddie Mac, Slidepollajax, Fannie Mae, Foreclosure, Ed DeMarco, Business News

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. ...

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Not Slashing Loans May Be Costing Mortgage Giants Money

Posted 03.23.2012

Read More: Principal Reduction, Video, Freddie Mac, Ed Demarco Principal Reductions, Business News, Fannie Mae, Mortgage Principal Reduction, Mortgage Loan Foregiveness, Fannie Mae Freddie Mac, Ed DeMarco, Business News

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

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