Tag Archives: Fannie Mae
Government exiting mortgage biz
As the housing crisis drags on, the government is seeking to ease out of the mortgage business and let the private sector take control. That worries some analysts who don’t want to see any more potential setbacks in a recovery.
Fannie Mae and Freddie M… Continue reading
Higher mortgage fees proposed
In the ongoing effort to reform Fannie Mae and Freddie Mac, the acting director of the Federal Housing Finance Agency, or FHFA, the regulator that oversees the two agencies, proposed charging higher mortgage fees and sharing some of the lending risk wi… Continue reading
A slap for Fannie and Freddie
A three-year investigation by the Securities and Exchange Commission (SEC) into mortgage finance companies Fannie Mae and Freddie Mac is close to being settled, according to an article in the New York Times, without either of the two mortgage companies… Continue reading
Big banks face firing squad
The big banks are fielding a barrage of litigation and accusations for their part in the mortgage mess.
The latest salvo came from the Federal Housing Finance Agency, or FHFA, which oversees Fannie Mae and Freddie Mac. The regulator filed suit Friday … Continue reading
Low rates won’t save us
Mortgage rates across the board plummeted to the lowest level in the history of Freddie Mac’s weekly rate survey, to 4.15 percent for a 30-year fixed. But the low rates, coupled with low home prices, are unlikely to kick-start a housing market still st… Continue reading
Help solve the housing crisis
Have a few ideas about how to solve the housing crisis you’re just dying to share with the people in charge? Step right up: The Federal Housing Finance Agency, or FHFA, is seeking input on creative solutions to get foreclosed homes off the market and… Continue reading
Fannie offers closing cost help
Fannie Mae is reviving incentives to lure buyers, as it tries to unload its thousands of foreclosed homes.
The agency is offering to give buyers up to 3.5 percent of the selling price to be used toward closing costs. The incentive applies to offers sub… Continue reading
IRS shutdown and closings
If the government shuts down the impact on mortgage loans will go beyond FHA.
Government officials and lenders say loans backed by Fannie Mae and Freddie Mac won’t be affected by the shutdown because those agencies operate separately from the governmen… Continue reading
Fannie, Freddie to raise rates
Borrowers, get ready for higher interest rates on new conforming mortgages.
It’s no secret that rates have already risen as the outlook for the U.S. economy has brightened in recent weeks. But rates on some new home loans are also set to go up regardle… Continue reading