By Scott Baughman
Published: May 11,2012
Some relief appears to be on the way for agents and sellers of short-sale properties. Last month, the federal government announced new guidelines affecting short sales of homes that are backed by Fannie Mae and Freddie Mac.
By The Associated Press
Published: May 11,2012
U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It’s the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial crisis. Fannie on Wednesday reported that it earned net income attributable [...]
By Tara Ramsey, staff writer
Published: January 22,2012
On Wednesday, Mark Vitner, managing director and senior economist for Wells Fargo, was the featured speaker for a “State of the Charlotte Commercial Real Estate Market and Outlook” forum. But most of his presentation ended up being focused on the homebuilding industry. And the overall theme? Don’t expect 2012 to deliver a complete turnaround. “There [...]
By The Associated Press
Published: January 17,2012
WASHINGTON — Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation’s economy could pull off a “soft landing” from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk housing posed to the economy. Newly released transcripts of [...]
By The Associated Press
Published: January 16,2012
WASHINGTON — The executive who was appointed to lead mortgage giant Fannie Mae in 2009 after the federal government seized the company plans to step down as its CEO. Michael J. Williams announced Tuesday he will continue as CEO and as a director until a successor is found. “I decided the time is right to [...]
By The Associated Press
Published: December 27,2011
California's attorney general filed lawsuits against mortgage giants Fannie Mae and Freddie Mac last week, demanding that the companies that own some 60 percent of the state's mortgages respond to questions in a state investigation.
By Scott Baughman
Published: November 22,2011
Lexie Longstreet had what appeared to be the perfect homebuyer. The woman had a credit score of 800 and had saved enough for a 20 percent down payment on a condo in Plaza Midwood, an up-and-coming Charlotte neighborhood. The homebuyer had also just gotten a promotion. But that move up the corporate ladder at one [...]
By The Associated Press
Published: November 18,2011
WASHINGTON — Congressional bargainers have agreed to increase the size of mortgages insured by the Federal Housing Administration in a compromise being hailed by the housing industry but criticized by conservatives. Under the deal by House and Senate negotiators, the FHA would be able to insure mortgages worth up to $729,750 in the most expensive [...]
By Deon Roberts, editor
Published: November 18,2011
Michael Williams, the CEO of Fannie Mae, won me over this week when, while testifying on Capitol Hill about big fat Fannie executive bonuses and multimillion-dollar salaries, he said this: “These are challenging jobs under challenging circumstances and we need to pay and reward the people who are doing the jobs.” The “challenging jobs under [...]
By The Associated Press
Published: November 15,2011
PHOENIX — The Obama administration’s top housing official touted the government’s efforts to stabilize neighborhoods hard hit by foreclosures during a visit to a Phoenix neighborhood Thursday. U.S. Housing and Urban Development Secretary Shaun Donovan visited two homes bought out of foreclosure, rehabilitated and put back on the market for sale to families by a [...]
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