Making it easier for homeowners to reduce their monthly mortgage payment and keep their homes is always favorable; however, providing homeowners with an incentive to fall behind on their payments could be an unfavorable strategy for both taxpayers and homeowners.
On the housing front, the good news is that the president wants Mel Watt to head the FHFA. The really bad news is that the problems in the U.S. housing system are currently so entrenched that, even if he is confirmed, Mel Watt will be hard-pressed to resolve them.
The anti-DeMarco campaign is part of a broader movement to hold Wall Street banks accountable for crashing the economy, destroying the housing wealth of millions of homeowners, and refusing to help families facing foreclosure through no fault of their own.
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...
BOSTON -- President Barack Obama will nominate Mel Watt, a longtime Democratic congressman from North Carolina, to oversee government-controlled mortg...
By Douwe Miedema WASHINGTON, April 13 (Reuters) - Mark Zandi, a well-known economist, is a front-runner to lead the U.S. housing regul...
NEW YORK -- For more than five years, many homeowners who complained about mortgage industry foreclosure abuses have wondered whether anyone with a fi...
Ed DeMarco's continued ideological opposition to principal reduction -- also known as resetting mortgages to fair market value -- has made him widely known one of the biggest obstacles to our country's economic progress.
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.
Members of the House of Representatives urged Obama Thursday to appoint a permanent leader of the Federal Housing Finance Agency (FHFA) who will suppo...
Loma, Colo., is a small town, a very small town indeed, but one that Louise Davidson had called home until she was until she was evicted in April 2012 by Fannie Mae, the owner of her mortgage.
Libor manipulation cost Fannie Mae and Freddie Mac more than $3 billion, according to an estimate by a government watchdog, who recommends the governm...
Bank of America analyst Ralph Axel said Friday that he expects President Barack Obama to fire acting Federal Housing Finance Agency Director Ed DeMarc...
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...
Is this the best that Eric Schneiderman has got? Yesterday, the New York attorney general filed a thoroughly unimpressive lawsuit against JPMorgan ...
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...
What do we lose when PACE programs are killed? Start with the financial savings for homeowners who could make home improvements that allowed them to use less energy, generate their own energy, or both.
Housing and foreclosures have been largely absent from the political debate, but they're about to break through in a big way. Battleground states like Nevada, Florida, Ohio, Colorado, Wisconsin, and North Carolina have been among the hardest hit by the housing crisis.
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.
Edward DeMarco has opened up a new front on his war against principal reduction. On Thursday, the Federal Housing Finance Agency, which DeMarco ov...
The Federal Housing Finance Agency declined the federal government's proposal for principal reduction on underwater mortgages chronically behind on payment -- it said principal reduction does not prevent foreclosures while saving taxpayers money.
It's starting to look like Neil Barofsky and Timothy Geithner are never going to get along. In a Monday column for Reuters, Barofsky, the former sp...
The time has long since arrived for Edward J. DeMarco to pursue his other opportunities in the private sector, whatever they may be. DeMarco, you may...
Acting Federal Housing Finance Agency (FHFA) Director Ed DeMarco has not been shy about letting underwater homeowners sink. This week, he made it painfully clear that despite the Administration calling for principal reduction, he would have no part of it.
President Obama can make the moral case for America's homeowners in a clear, strong voice. So far he hasn't done that -- partly because some key members of his team buy into the unfair notion that underwater homeowners, unlike Wall Street bankers, don't deserve to be helped.
