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30 Nov 2011, 2:15 pm
Okay, so here’s the next installment of Mandelman’s Monthly Museletter, which I’ve decided I post whenever there are a bunch of things going on that need to be put into proper perspective, but there’s just no way I can write individual articles on each because to do so presents a serious health risk. [read post]
30 Nov 2011, 1:12 pm
But earlier that morning Paulson had provided a different message to New York Times reporters and editors (i.e., the public): that the Federal Reserve and the Office of the Comptroller of the Currency were inspecting Fannie and Freddie’s books, and he expected their report would boost market confidence in Fannie and Freddie, according to the article. [read post]
30 Nov 2011, 11:03 am
The FHFA said it was looking to offset some of this by getting billions of dollars back from banks that sold Fannie and Freddie bad loans. [read post]
30 Nov 2011, 9:21 am
The first is the collapse of government-sponsored Fannie Mae and Freddie Mack, which triggered the nation’s financial crisis. [read post]
30 Nov 2011, 5:04 am
Following the housing crisis of 2008, congress and President Bush created the Federal Housing Finance Agency, which is an independent agency that oversees Fannie Mae, Freddie Mac, and Federal Home Loan Banks. [read post]
29 Nov 2011, 11:49 am
In his role as Congressional "Rabbi" for Freddie Mac and Fannie Mae, Barney Frank has been credited/blamed for many of our current fiscal problems. [read post]
29 Nov 2011, 11:22 am
And when Congress again takes up the future of Fannie Mae and Freddie Mac, it will be crucial to maintain a government role that keeps homeownership accessible and sustainable for working Americans. [read post]
29 Nov 2011, 8:14 am
During that period, Gingrich consulted with Freddie Mac executives on a program to expand home ownership, an idea Mitchell Delk, Freddie Mac’s chief lobbyist, said he pitched to President George W. [read post]
29 Nov 2011, 4:12 am
WITH BARNEY FRANK’S DEPARTURE, FANNIE & FREDDIE LOSE A FRIEND: Rep. [read post]
28 Nov 2011, 7:04 pm
UPDATE: Something to remember: The White House Warned Congress About Fannie Mae Freddie Mac 17 Times In 2008, Alone. [read post]
28 Nov 2011, 2:53 pm
Several members of Congress have asked mortgage regulators including FHA and FHFA, the overseer of Fannie Mae and Freddie Mac, to determine how many families may unwittingly have breached their mortgage terms, and presumably what can be done to balance the risks to lenders with the potentially harsh consequences for families. [read post]
28 Nov 2011, 7:59 am
.” ANOTHER UPDATE: Ouch: His tenure in Congress in a nutshell: “These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” Note that the Bush Administration and… [read post]
28 Nov 2011, 7:54 am
For a few years we tried to work around the paralyzed housing sector – the drip, drip of steadily lower home prices, the unresolved status of the wounded Fannie Mae and Freddie Mac — and it seemed to be working. [read post]
24 Nov 2011, 8:00 am
Prior to Freddie Mercury’s death in 1991, the former Queen frontman and Michael Jackson recorded some tracks together that were never released to the public. [read post]
23 Nov 2011, 9:39 pm
Weekly Primary Mortgage Market Survey® (PMMS®) - Compilation of Weekly Survey Data for 2011: Average Rates for a 30 Year... [read post]
23 Nov 2011, 3:32 pm
“Weighted average FICO scores for conventional loans purchased by Fannie Mae and Freddie Mac eased a bit in this year’s second quarter, declining to 755, but remain well above historic norms, the realty group said. [read post]
23 Nov 2011, 8:26 am
Although it’s not required until 2012, Freddie is requesting servicers to make the change immediately. [read post]
23 Nov 2011, 6:57 am
[Big snip] If your loan is owned by Fannie or Freddie, you may qualify for the Home Affordable Refinance Program, or HARP. [read post]
22 Nov 2011, 7:55 am
VICTOR DAVIS HANSON ON THE HIGHER EDUCATION BUBBLE: The Fannie and Freddie University. “I noticed about 1990 that some students in my classes at CSU were both clearly illiterate and yet beneficiaries of lots of federal cash, loans, and university support to ensure their graduation. [read post]
22 Nov 2011, 5:54 am
., the New York foreclosure firm that came under fire for hosting a party mocking the homeless, will be closing its own doors after Fannie Mae and Freddie Mac stopped referring cases to the company, the New York Law Journal reports. [read post]
