iOS app Android app

Federal Housing Finance Agency

Bank Of America's Huge Legal Bill Cuts Into Profit

Reuters | Posted 04.16.2014 | 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 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.

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 ...

Will Your State Be Punished for Taking Foreclosures to Court?

National Council of La Raza | Posted 11.26.2012 | Latino Voices
National Council of La Raza

A plan to increase fees for states that provide judicial recourse for delinquent homeowners fails to take into account the complexities of the foreclosure crisis. If implemented, it will affect the 21 states that are judicial, meaning that a substantial number of future homeowners...

Ben Hallman

Fannie Mae, Freddie Mac Dial Back Loans To Low-Income Home Buyers

HuffingtonPost.com | Ben Hallman | Posted 09.21.2012 | Business

When the Federal Reserve vowed last week to buy up $40 billion worth of home loans each month for the indefinite future, the hope was to finally stimu...

Ben Hallman

Fannie Mae Pays Banks $1.5 Billion So It Can Fire Them

HuffingtonPost.com | Ben Hallman | Posted 09.18.2012 | Business

Fannie Mae has paid $1.5 billion to a dozen banks that manage its massive home loan portfolio so that it can hire companies it thinks will do a better...

Ben Hallman

Romney: Under Obama, Government Is Doing Too Much To Solve Housing Crisis. Also, Not Enough

HuffingtonPost.com | Ben Hallman | Posted 09.05.2012 | Business

Homeowners need help avoiding foreclosures, Fannie Mae and Freddie Mac need reform, and complex rules need to be replaced with smart ones. This, wi...

Principal Reductions Can Save the Economy... By Saving Homes

Joe Sestak | Posted 10.16.2012 | Politics
Joe Sestak

The failure to prevent the millions of troubled mortgages from becoming delinquent and being foreclosed causes damage not only to individual borrowers who lose their homes, but also to their communities and to the economy as a whole.

Demote, Defang DeMarco

Leo W. Gerard | Posted 10.13.2012 | Business
Leo W. Gerard

This guy, Edward DeMarco, the acting head of the Federal Housing Finance Agency, is deliberately damaging America -- promoting foreclosures, high unemployment and excessive taxes. He has got to go.