DeMarco: Principal Forgiveness Not a ‘Huge Difference-Maker’
In his latest remarks on mortgage principal forgiveness, the regulator over Fannie Mae and Freddie Mac said today that such a strategy was not about a “huge difference-making program” that would rescue the housing ...
Would Mortgage Write-downs Spur More ‘Strategic Defaults’?
The regulator over Fannie Mae and Freddie Mac will decide this month if the two taxpayer-subsidized mortgage financing companies will embrace mortgage write-downs as part of the Obama’s Administration’s ...
Fannie Mae: 33% of Consumers Expect Higher Home Prices
Despite statistics and analysis that show otherwise, more Americans expect home purchase prices to increase over the next year, according to Fannie Mae’s March housing survey.
Nearly half of consumers expect higher ...
HUD Chief: Case for Fannie/Freddie Write-downs ‘Compelling’
The U.S. housing chief said there is a “compelling” case for the regulator over Fannie Mae and Freddie Mac to allow principal write-downs for “underwater” homeowners on mortgages they own.
Mortgage write-downs ...
Conventional Mortgage Applications 10% Above Year Ago
Applications for conventional loans – any mortgage which is not guaranteed or insured by the federal government – are running 10 percent above levels one year ago, according to the Mortgage Bankers Association.
However, ...
Freddie Mac: Mortgage Rates to Hit 4.5% This Year
Expect 30-year fixed-rate mortgages to gradually increase this year to about 4.5 percent, while new rental construction for 2012 is likely to surge to levels not seen since 2005.
These are two of Freddie Mac’s ...
Half of Fannie, Freddie’s $600K Travel Tab ‘Questionable’
Fannie Mae and Freddie Mac, the two taxpayer-subsidized mortgage companies, spent $600,000 to attend a convention in Chicago last year, and nearly half of that amount “was of questionable value,” according to ...
Treasury Nets $25B from Sale of Mortgage-Backed Securities
The U.S. Treasury said it completed the sale of the mortgage-backed securities portfolio it acquired at the height of the financial crisis in 2008 and 2009 – and netted a profit of $25 billion for taxpayers.
The ...
FHFA Cuts Fannie, Freddie Top Pay to Below Market Median
Top executives at taxpayer-funded Fannie Mae and Freddie Mac will have their total compensation reduced by nearly 75 percent since the mortgage financing firms were taken over by the government in September 2008.
The ...
Freddie Mac Improves Earnings in 4Q, Seeks ‘Only’ $146M
Taxpayer-subsidized Freddie Mac reported a net income of $619 million for the fourth quarter 2011, compared to a net loss of $4.4 billion in the previous quarter.
But Freddie Mac’s recorded a net worth deficit ...




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