BOSTON — A federal judge has dismissed a lawsuit filed by Attorney General Martha Coakley against the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac, saying the court doesn’t have oversight of the matter. Coakley sued ...Read More »
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WASHINGTON — A federal regulator says government-controlled mortgage giants Fannie Mae and Freddie Mac have reached an agreement with major banks that could expand lending. The head of the Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the ...Read More »
NEW YORK — A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments. The fine was ...Read More »
In his first remarks since taking office as director of the Federal Housing Financing Agency, former Charlotte congressman Mel Watt indicated a shift in policy that may make more loan money available to borrowers. As the regulator in charge of ...Read More »
Despite some fits and starts to the housing recovery, Americans are optimistic about the market, according to Fannie Mae’s National Housing Survey for March, which may portend a pickup in home buying and selling this spring. In its comprehensive poll ...Read More »
Finally we are seeing solid signs of improvement in the availability of mortgage loans. According to a survey from Fannie Mae, credit availability is improving. For the first time in more than three years, the majority of consumers believe it’s ...Read More »
A third of the nation’s U.S. senators have sent a letter to Mel Watt, the new head of the Federal Housing Finance Agency and a former U.S. congressman from Charlotte, asking him to use funds from Fannie Mae and Freddie ...
Tagged with: affordable housing for low-income families Barbara Boxer Capital Magnet Fund Fannie Mae Federal Housing Finance Agency Freddie Mac Harvard Joint Center for Housing Studies Mel Watt NAtional Housing Trust FundRead More »
Come Jan. 10, it may become more difficult for homeowners to obtain a mortgage. That’s when a host of new rules come into effect. Most notable among the changes for borrowers will be the ability-to-repay and qualified mortgage rules that ...
Tagged with: American BAnkers Association Bank of America Consumer Federation of America Consumer Financial Protection Bureau Dodd-Frank Wall Street Reform and Consumer Protection Act Elizabeth Eurgubian Fannie Mae Freddie Mac Independent Community Bankers of America Mel Watt Richard Cordray Terry FranciscoRead More »
Strong increases in both single-family and multifamily starts raised our nationwide housing production 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released by the Department of Housing and Urban Development and the ...
Tagged with: David Crowe Department of Housing and Urban Development Fannie Mae Federal Housing Finance Agency Freddie Mac Jim Woodard MSM Market Trends National Association of Home Builders November 2013 Zillow Report Real Trends rick judson U.S. Census Bureau Zillow Home Value IndexRead More »
SAN FRANCISCO — Wells Fargo says it has made a $591 million deal with Fannie Mae to settle obligations related to loans that went bad after the housing bubble burst. The deal announced Monday covers loans made through 2008. Wells ...Read More »