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 ...Read More »
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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 ...Read More »
Realtor Thomas Harte had a contract on a 1920s-era home in Charlotte’s Elizabeth neighborhood. The five-bedroom, four-bath, fully renovated house at 425 Clement Ave. was listed at $790,000. With a tax value of $1.23 million, Harte thought the home would ...
Tagged with: Anthony Moore Century 21 Murphy & Rudolph Everett Helms Fannie Mae Federal Housing Administration Freddie Mac Helms Appraisals Lexie Longstreet Matthew Connolly Pike Properties Savvy & Co. Thomas HarteRead More »
WASHINGTON — The government regulator of Fannie Mae and Freddie Mac said Thursday that million-dollar bonuses paid to executives at the companies were necessary to keep the mortgage giants running. Edward DeMarco, the acting director of the Federal Housing Finance ...Read More »
The Obama administration rolled out revisions to a program last month designed to prevent some homeowners from going into foreclosure. But many question the Home Affordable Refinance Program’s effectiveness and say that it’s too narrow and limited to make an ...
Tagged with: Bruce Marks Charlotte Regional Mortgage Lenders Association Fannie Mae Federal Housing Finance Agency Freddie Mac Home Affordable Refinance Program John Connaughton Kip Byrne Neighborhood Assistance Corporation of America Republic Mortgage Insurance Co. U.S. Department of Housing and Urban DevelopmentRead More »
WASHINGTON — Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter. Freddie Mac said Thursday that it lost $6 billion, or $1.86 per share, in the July-September quarter. ...Read More »
This month, the Federal Housing Administration’s single-family home loan limits dropped in more than 600 counties across the U.S., including some in the Charlotte area. On its face, it sounds like more grim news for the housing industry: Lower loan ...
Tagged with: Allen Tate Realty Bob Nielsen Fairway Independent Mortgage Corp. Fannie Mae Federal Housing Administration Freddie Mac Lori Bee National Association of Home Builders Olan Carder Terry McDonald The McDonald Group Union County Realtors AssociationRead More »
Bank of America Corp. on Thursday said it is splitting its mortgage business into two units, with a new division created specifically to handle foreclosures and discontinued loan products. The bank said the new Legacy Asset Servicing unit will be ...Read More »