WASHINGTON — Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007. ...Read More »
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Federal Housing Finance Agency Director and former Charlotte area U.S. Rep. Mel Watt will be a featured panelist at the 2014 American Mortgage Conference in Raleigh from Sept. 8-10 at the Crabtree Marriott, according to a North Carolina Bankers Association ...Read More »
BOSTON — Attorney General Martha Coakley has sued the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac for refusing to comply with a state law designed to stem the tide of foreclosures in Massachusetts. The lawsuit ...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 »
CHARLOTTE — Gov. Pat McCrory has decided to hold a special election to fill Democratic U.S. Rep. Mel Watt’s seat when the primary and general elections are held in 2014. The Republican governor said Monday that his move will save ...Read More »
WASHINGTON — North Carolina Rep. Mel Watt has been sworn in to lead the Federal Housing Finance Agency. Vice President Joe Biden presided over a ceremonial swearing-in on Monday on the White House grounds. Transportation Secretary Anthony Foxx officially swore in Watt earlier ...Read 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 »
The interest rate for a large jumbo mortgage is now less than the rate for a smaller conventional loan. The increase in rate for conventional loans, combined with banks seeking jumbo mortgages for their portfolios, has created a situation in ...
Tagged with: Bill Banfield conventional loan Fannie Mae Federal Housing Administration Federal Housing Finance Agency Freddie Mac interest rate Jim Woodard jumbo mortgage Mutual Mortgage Insurance Fund NAtional Mortgage NEws Quicken Loans real estate websiteRead More »
RALEIGH — Civil rights groups and other organizations are trying to help North Carolina U.S. Rep. Mel Watt get confirmed as the government’s chief regulator of mortgage lenders Fannie Mae and Freddie Mac. President Barack Obama nominated Watt to head the Federal Housing ...Read More »
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.Read More »