What’s Behind Freddie Mac’s Bet on High-Interest Mortgages?
Taxpayer-subsidized Freddie Mac bet against homeowners’ ability to refinance out of high-interest mortgages, even as it made it difficult for them to do just that, according to a published report by ProPublica ...
HAMP Mortgage-Mod Rules Eased, More Write-Downs Eyed
The Obama Administration is again giving a boost to its much criticized foreclosure rescue campaign by easing mortgage modification rules, tripling incentives to participating lenders and possibly getting Fannie ...
In Florida, Gingrich’s Freddie Mac Link Matters – Ask Romney
If New Gingrich’s consulting ties to troubled mortgage giant Freddie Mac is going to have traction for rival Mitt Romney, the topic would resonate farther in Florida, one of the states most mired in the foreclosure ...
Lenders Add Bigger Fannie, Freddie Fee – Thanks to Payroll Tax Cut
Lenders are already adding an increase in fees on mortgages backed by Fannie Mae, Freddie Mac and the Federal Housing Administration to new loans – a hike that will pay for the extension of the payroll tax cut.
The ...
Fed Officials Seem Divided on Housing Market Strategy
Fallout persists from the Federal Reserve’s much-debated paper on the housing market, a set of policy recommendations sent to some Congressional leaders last week.
The rare guidance offered by the Fed angered ...
Senate Deal: You’ll Pay for Payroll Tax Cut Via Higher Mortgage Fees
How do you pay for a two-month extension of the payroll tax cut? The U.S. Senate’s solution is a permanent increase in fees on mortgages backed by Fannie Mae, Freddie Mac and the Federal Housing Administration ...
SEC: Fannie, Freddie Former Execs Misled on Subprime Exposure
The Securities and Exchange Commission has charged six former top executives of Fannie Mae and Freddie Mac, the two mortgage financing giants, with securities fraud tied to allegedly misleading statements on the ...
New Credit Report Dives Deeper into Consumer Payment History
If you are taking out a mortgage or equity line of credit, a new credit report with more detailed data on your financial history is now available to lenders and will soon include a new score to better determine ...
House Dems Urge Fannie, Freddie to Write-Down Mortgages
Twenty-one Democrats in the U.S. House of Representatives are urging the regulator of Fannie Mae and Freddie Mac to reconsider its policy of denying any mortgage modifications that reduce a homeowner’s principal ...
House Panel Swiftly Moves to Stop Fannie-Freddie Bonuses
The House Financial Services Committee voted 52-4 to suspend $12.8 million in bonuses to executives of government-controlled Fannie Mae and Freddie Mac in a bipartisan outcry aimed at the two bailed-out mortgage-financing ...
