WASHINGTON  — Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say. The new ...

Tagged with: Fannie Mae Federal Housing Finance Agency Freddie Mac

In what may prove to be a controversial move, the Federal Housing Financing Agency has directed Fannie Mae and Freddie Mac to alter their policies on the sale of some 121,000 foreclosed properties in their portfolios. But just how many ...

Tagged with: Fannie Mae Federal Housing Finance Agency Freddie Mac Mel Watt

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 ...

Tagged with: Fannie Mae Federal Housing Finance Agency foreclosures Freddie Mac

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. ...

Tagged with: Federal Housing Finance Agency Goldman Sachs settlement

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 ...

Tagged with: Federal Housing Finance Agency Mel Watt North Carolina Bankers Association

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 ...

Tagged with: Federal Housing Finance Agency foreclosures

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: Fannie Mae Federal Housing Finance Agency Freddie Mac Mel Watt

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 ...

Tagged with: Federal Housing Finance Agency Gov. Pat McCrory

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 ...

Tagged with: Federal Housing Finance Agency Joe Biden

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 National Association of Home Builders Real Trends rick judson U.S. Census Bureau