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 »
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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 »
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 ...Read More »
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 »
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 »