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 ...Read 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 ...
Tagged with: Federal Housing Finance AgencyRead 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 »
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 ...Read More »