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Federal Housing Finance Agency

The U.S. Treasury Stealing From Fannie and Freddie Shareholders

Ken Blackwell | Posted 08.05.2014 | Politics
Ken Blackwell

As voices across the ideological spectrum have come to recognize the need for serious reform of our housing finance system with a greater role for private capital, the nation's top housing regulator made an unfortunate revelation.

Underwater America: Will President Obama, Mel Watt and Wall Street Finally Do the Right Thing for Troubled Homeowners?

Peter Dreier | Posted 07.21.2014 | Politics
Peter Dreier

The Obama administration did too little, too late, to help troubled homeowners, who faced plummeting home prices and the risk of foreclosure. The most important thing they can do is get Fannie Mae and Freddie Mac to adopt principal reduction.

Mel Watt Lights Up the Real Estate Industry

D. Sidney Potter | Posted 07.17.2014 | Business
D. Sidney Potter

For those in the real estate finance and home building industry, the coming of Mel Watt as the newly inducted Director of the Federal Housing Finance Agency could not have come at a more propitious time.

Giving the Hen House to the Fox

Karen Hinton | Posted 07.16.2014 | Business
Karen Hinton

Some in Congress and in the administration want to do away with Fannie and Freddie and hand over their portfolio to the private banking industry, but without the previous requirements that banks do a certain amount of business with low-to-moderate income individuals.

Mark Gongloff

The Government Just Made It Easier To Buy A Home

HuffingtonPost.com | Mark Gongloff | Posted 05.23.2014 | Business

The U.S. government is about to make it easier for you to get a mortgage. Mel Watt, the new head of the Federal Housing Finance Agency, the regulat...

America's Fastest Shrinking Cities

24/7 Wall St. | Vince Calio, Alexander E.M. Hess and Thomas C. Frohlich | Posted 04.29.2014 | Business

The U.S. population rose by just 0.72% in 2013, the lowest growth rate in more than 70 years. Not only has the country become less-attractive to immig...

Bank Of America's Huge Legal Bill Cuts Into Profit

Reuters | Posted 06.16.2014 | Business

April 16 (Reuters) - Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a...

Why Is Fannie Mae Evicting the Coronel Family?

Peter Dreier | Posted 06.08.2014 | 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.

Ben Hallman

Housing Watchdog Slams Massive Property Inspection Industry

HuffingtonPost.com | Ben Hallman | Posted 03.25.2014 | Business

The inspectors who decide whether homes have been abandoned and are ready for foreclosure are doing such a terrible job that the whole system requires...

Housing Regulator Swears In New Chief

AP | Posted 03.08.2014 | Business

WASHINGTON (AP) — North Carolina Rep. Mel Watt has been sworn in to lead the Federal Housing Finance Agency. Vice President Joe Biden...

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.

With Rep. Watt Confirmed as FHFA Director, We Look Forward to True Relief for Homeowners

National Council of La Raza | Posted 02.10.2014 | Latino Voices
National Council of La Raza

With Mel Watt confirmed as FHFA Director, we have a rare chance to reverse the widening economic inequality plaguing our communities. We urge the FHFA to start its work today.

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.

Big Bank Reaches Deal To Settle Sketchy Allegations

Reuters | Posted 09.25.2013 | Business

* UBS paying $415 mln to Fannie Mae; $470 mln to Freddie Mac * Settlement raises concerns over exposure of other banks *...

Tough Fight Over Obama Pick May Be Win-Win For White House

Reuters | Posted 08.20.2013 | Politics

By Margaret Chadbourn WASHINGTON, June 20 (Reuters) - President Barack Obama's pick to oversee mortgage financiers Fannie Mae and Fre...

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...

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

Guess Who's Not Enforcing Consumer Protection Laws

HuffingtonPost.com | Ben Hallman | Posted 03.26.2013 | Business

Fannie Mae, Freddie Mac and the federal agency that oversees them all are failing in their responsibility to protect homeowners from abusive bank prac...

Ben Hallman

Housing Director's Actions 'Inexplicable'

HuffingtonPost.com | Ben Hallman | Posted 03.18.2013 | Business

Massachusetts Attorney General Martha Coakley has run out of patience with the nation's top housing official. On Monday, after more than a year sp...

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.

Ben Hallman

Fannie & Freddie: The Elephant In The Room At The Presidential Debate

HuffingtonPost.com | Ben Hallman | Posted 10.25.2012 | Business

He name-checked Big Bird, but didn't once mention foreclosures. In an hour-and-a-half debate on an economy still shell-shocked by the housing cris...

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 ...