Tag Archives: Fannie Mae
Cash-only for foreclosures?!
Can you get a mortgage to buy a foreclosed home? Continue reading
Cash-only for foreclosures?!
Can you get a mortgage to buy a foreclosed home? Continue reading
Who gets Fannie Mae’s profit?
Fannie Mae and Freddie Mac are finally turning a profit. So will homeowners benefit?
Fannie Mae plans big sale
As mortgage servicer Fannie Mae begins unloading foreclosed properties, Wall Street investors are preparing to buy in bulk.
Private equity investors, hedge funds and broker-dealers are interested in purchasing pools of properties that include anywhere … Continue reading
When Fannie and Freddie die
Dismantling mortgage giants Fannie Mae and Freddie Mac, which together guarantee approximately three-quarters of all new home loans, is turning out to be a complicated operation. On the one hand, Congress wants to shut down the agencies and get the gov… Continue reading
Poll: Foreclosure abuse persists
Statistically, America may be digging out of the foreclosure quagmire caused by subprime mayhem and the subsequent collapse of the housing bubble … Continue reading
Fannie, Freddie saga heats up
Troubles continue to plague Fannie Mae and Freddie Mac, the giant mortgage companies that were taken over by the government in 2008 and bailed out by taxpayers.
The Securities and Exchange Commission, or SEC, sued three former executives at each of the… Continue reading
Higher rates vs. tax increase?
A bid to boost fees that Fannie Mae and Freddie Mac charge lenders in order to pay for the proposed payroll tax cut extension for another year is drawing fire from some in the real estate industry who fear that lenders will pass the fees on to borrower… Continue reading
Freddie Mac wants $6 billion
Freddie Mac, the government-controlled mortgage company, is asking for an additional $6 billion from taxpayers after experiencing a third-quarter loss of nearly $2 billion more than the third quarter of last year.
According to the Associated Press, th… Continue reading
Can this HARP be saved?
Let’s see if the new, improved home refinance program goes any further toward pumping life into the stagnant housing market. On Monday, the Federal Housing Finance Agency, or FHFA, the government agency that controls Fannie Mae and Freddie Mac, announ… Continue reading