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11 Sep 2008, 6:01 am
Juggles over at Long or Short Capital passes along this fictional thank-you note from Treasury Secretary Hank Paulson to American taxpayers after this week's seemingly inevitable federal bailout of Freddie Mac and Fannie Mae (prior posts here): Dear US Taxpayer, I would like to congratulate you on your recent purchase. [read post]
29 Apr 2015, 7:31 pm
This push will jeopardize the country's two-decade-long crime drop.The pretext for the current decriminalization movement is the half-dozen highly publicized deaths of blacks in encounters with police over the past nine months, including the recent case of Freddie Gray in Baltimore....The criminal justice pendulum is swinging against personal responsibility and toward the use of race and poverty as an excuse for noncompliance with the law.... [read post]
5 Dec 2022, 8:45 am
We recently reported on the residential mortgage loan limits for loans purchased by Fannie Mae and Freddie Mac in 2023. [read post]
10 Oct 2013, 9:30 pm
Department of Agriculture (USDA) warned of a salmonella outbreak in chicken from certain California facilities.The Nuclear Regulatory Commission (NRC) furloughed ninety percent of its staff a day earlier than originally planned.Industry groups sued the Environmental Protection Agency (EPA) over the agency’s renewable fuel standard.The Federal Housing Finance Agency (FHFA) announced that it would create a common platform for Fannie Mae and Freddie Mac to issue mortgage-backed… [read post]
13 Mar 2020, 10:07 am
And, if you’re feeling under pressure right now, take a few minutes to listen to David Bowie and Freddy Mercury singing Under Pressure. [read post]
23 Oct 2008, 9:00 pm
Freddie. [read post]
21 Apr 2009, 5:13 am
The students blame the fiery House Financial Services chairman for the financial meltdown, singling out his longtime support of Freddie Mac and Fannie Mae as contributing to the severity of the crisis and magnitude of bailouts. . . . [read post]
14 Apr 2008, 6:19 am
They both expressed concern that Mortgage Brokers were demanding that appraisers find the "right" value for properties in order to get mortgage loans approved, and were threatening to stop doing business with those appraisers who would not "play ball"On March 3, 2008, Fannie May, Freddie Mac, the NY Attorney General and the Office of Federal Housing Enterprise Oversight reached agreement to address this problem. [read post]
1 Apr 2009, 6:42 am
In several instances, firms that were deemed "too-big-to-fail" were nationalized to prevent a disorderly bankruptcy (Fannie Mae, Freddie Mac, and AIG) and in other cases the specter of nationalization looms (Citigroup, Bank of America, and General Motors). [read post]
9 Apr 2007, 6:53 am
The guide provides detailed advice on the mechanics of obtaining a workout, with specific options for Fannie Mae, Freddie Mac, subprime, FHA-insured, VA, and Rural Housing Service loans. [read post]
8 Aug 2011, 9:33 am
.” UPDATE: Fannie Mae and Freddie Mac downgraded too. [read post]
16 Jun 2023, 4:03 am
When he raised these concerns, he was assured by Monty Lanthier, who worked for Thomas Stevens as an independently contracted “company man,” and Freddie Grimaldo, a solids control operator employed by Gulf Coast, that it would be safe to proceed with transporting the mud with his open-ended dump truck. [read post]
6 Jan 2011, 12:03 pm
No one seems to be supporting Fannie Mae and Freddie Mac, and all seem to call for the end of government guarantees of residential mortgages. [read post]
4 Jan 2011, 9:15 am
What had changed was the Fed using every tool in its toolkit -- and a few that people didn't even know were in there -- to keep interest rates low, the federal government handing first-time home buyers $8,000 to get into the market, and Fannie Mae and Freddie Mac buying virtually every mortgage that was issued. [read post]
18 Feb 2009, 1:52 pm
Department of Housing and Urban Development's website has various links to further information.Fannie Mae's website and the Treasury Department's financialstability.gov also have further information.Former Secretary of Labor Robert Reich wrote a blog post on the proposal stating that the two most important aspects of the proposal are its support for bankruptcy modification of mortgage and the administration's support for Fannie Mae and Freddie Mac.New York Times… [read post]
18 Nov 2008, 3:33 pm
By Alan White We now have foreclosure and mortgage modification reports coming from five sources on a periodic basis: the Mortgage Bankers Association National Delinquency Survey (watch for the 3rd quarter report due the first week of December), the FHFA report on Fannie/Freddie mortgages, the State Foreclosure Prevention Working Group, HOPE NOW and the OCC/OTS mortgage metrics from banks and thrifts. [read post]
30 Sep 2008, 12:47 pm
Oh, then there is that failed oversight of Fannie Mae/Freddie Mac, but we won't talk about that.REally, the blame has to fall on those commercial entities who seemed to think it was a good idea to lend money to people with bad or no credit and no ability to pay the mortgage back. [read post]
10 Jan 2011, 9:25 am
That, and Fannie and Freddie. [read post]
12 Nov 2008, 3:01 am
Anyway, Bair is now being mooted, possibly by her flacks, as a candidate for Obama's Treasury Secretaryship, and entirely coincidentally, she has decided to critique today's homeowner mortgage relief program announced by Fannie and Freddie as "fall[ing] short of what is needed. [read post]
5 Aug 2010, 7:37 am
Fannie Mae and Freddie Mac, who hold most of the mortgages on home in America worth less than $500,000, are asking their homeowners to explore options other than strategically defaulting on their homes. [read post]
