Tag Archives: Freddie
Feds sue BofA for mortgage fraud
Prosecutors allege that defective loans were intentionally sold to Fannie and Freddie. Continue reading
Borrowers in 5 states to pay more
Mortgage borrowers in five states would have to pay more for their loans starting next year. Continue reading
Higher mortgage fees on the way
Borrowers who want to beat higher mortgage fees should get moving. Continue reading
Short sales made easier
New rules are supposed to make short sales easier. Will they? Continue reading
Fannie and Freddie won’t forgive
The two mortgage companies won’t cave in to pressure from the Obama administration. Continue reading
The forgiveness brawl
Fannie Mae could have saved taxpayers “significant amounts of money” if it had implemented a loan forgiveness program in 2010, according to internal documents obtained by democratic lawmakers. Continue reading
Forced mortgage reductions?
There may be a legal obligation for Fannie and Freddie to write down mortgage principal. Continue reading
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
Freddie’s dirty game
Have you ever wondered why, despite numerous government programs made to help struggling homeowners, there are still so many obstacles that prevent borrowers from refinancing their loans?
Here is one of many disturbing reasons: Freddie Mac, which owns … Continue reading
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