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24 Oct 2011, 10:09 am
According to RealtyTrac, the nation’s banks, along with Fannie Mae and Freddie Mac, have an inventory of more than 816,000 foreclosed properties, with an additional 800,000 working their way through the foreclosure process. [read post]
24 Oct 2011, 8:28 am
The program also only applies to loans owned or guaranteed by Fannie Mae or Freddie Mac. [read post]
24 Oct 2011, 7:59 am
Fannie/ Freddie are being singled out solely because they are convenient whipping boys. [read post]
23 Oct 2011, 7:52 pm
The five myths, according to Dodd, are (1) "Dodd-Frank is deepening the economic slowdown"; (2) "Dodd-Frank hurts small businesses and community banks";(3) "Dodd-Frank failed to truly reform Wall Street"; (4) "Congress didn’t fix Fannie Mae and Freddie Mac"; and (5) "It’s time to repeal Dodd-Frank. [read post]
23 Oct 2011, 1:00 pm
He also urged the Administration and Congress to commit to an orderly wind down of Fannie and Freddie, replacing the government’s role in residential mortgages with that of private financial institutions.It is important to address the role of money market mutual funds in the United States, said the Chairman, adding that the time has come to harness money market funds in a manner that recognizes both their structural importance in diverting funds from regulated banks and their… [read post]
SENATORS FOR McMansion Subsidies. “Should taxpayers continue to guarantee personal McMansions, even…
23 Oct 2011, 11:02 am
. “Should taxpayers continue to guarantee personal McMansions, even as Fannie Mae and Freddie Mac have lost $142 billion, and counting? [read post]
22 Oct 2011, 12:34 pm
According to the Los Angeles Times, these settlements include: • A promise to forgive up to $3 billion in principal for Massachusetts Countrywide borrowers • $600 million to former Countrywide shareholders • Billions of dollars to Freddie Mac and Fannie Mae over buybacks of bad home loans • $8.5 billion to institutional investors over the repurchase of Countrywide mortgage-backed bonds • $5.5 billion reserved for mortgage bond investors with similar claims … [read post]
22 Oct 2011, 11:56 am
The Dodd-Frank Act, ironically, was brought to you by the same legislators who forced Fannie Mae and Freddie Mac to lower their standards for the mortgage loans they purchased in the first place. [read post]
22 Oct 2011, 6:18 am
Guarantee fees are fees paid to Fannie and Freddie, who do not actually loan money, by investors who purchase packaged mortgage loans assembled by Fannie and Freddie. [read post]
22 Oct 2011, 6:17 am
” Well, Fannie and Freddie sure can. [read post]
20 Oct 2011, 3:22 pm
According to Bloomberg, the Federal Housing Finance Administration has announced that has directed Freddie and Fannie to get rid of their attorney networks. [read post]
20 Oct 2011, 11:15 am
SNEAKING IN Fannie/Freddie subsidies for the 1 Percent. [read post]
20 Oct 2011, 6:10 am
Currently, Fannie Mae and Freddie Mac charge high, risk-based up front fees when refinancing risky mortgage, which the Helping Responsible Homeowner Act of 2011 seeks to eliminate. [read post]
19 Oct 2011, 7:55 pm
His only focus is on the fact that, mechanically, Freddie and Fannie could "get 'er done. [read post]
19 Oct 2011, 11:31 am
Freddie Mac previously fired the law firm they were using. [read post]
18 Oct 2011, 2:10 pm
Fannie Mae and Freddie Mac are dumping their law firm networks and instead will let mortgage servicers hire their own lawyers to process foreclosures. [read post]
18 Oct 2011, 9:00 am
Such a plan could be implemented for mortgages held by Fannie Mae and Freddie Mac, as we believe that such a plan would be entirely consistent with FHFA's obligation to minimize taxpayer losses in the Enterprises. [read post]
17 Oct 2011, 2:24 pm
One one side you have Gretchen Morgenson and the American Enterprise Institute; they blame Fannie and Freddie. [read post]
16 Oct 2011, 8:39 pm
Well, that’s a pretty safe statement, but when? [read post]
15 Oct 2011, 1:47 pm
Here's how to check on your lenders: First, use our Resource page on our website to look up who likely owns your loan by doing a Fannie, Freddie or MERS lookup search. [read post]
