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 ...

Tagged with: Barack Obama Fannie Mae Federal Housing Finance Agency Freddie Mac

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 ...

Tagged with: Barack Obama Fannie Mae Freddie Mac U.S. Department of Housing and Urban Development

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: Fannie Mae Federal Housing Administration Freddie Mac

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 ...

Tagged with: Fannie Mae Federal Housing Finance Agency Freddie Mac

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: Fannie Mae Federal Housing Finance Agency Freddie Mac John Connaughton U.S. Department of Housing and Urban Development

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. ...

Tagged with: Fannie Mae Freddie Mac

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 Fannie Mae Federal Housing Administration Freddie Mac Lori Bee National Association of Home Builders

Jim Kluth remembers in the 1980s when real estate agents, hoping to get first dibs on foreclosed properties, would hang around the Mecklenburg County Courthouse and regularly dig through public records looking for new foreclosure filings. Today, such information is ...

Tagged with: Barack Obama Carolina Multiple Listing Services Charlotte Regional Realtor Association Daren Blomquist Freddie Mac Jennifer Frontera Kim Walker RealtyTrac Wanda Smith & Associates

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 ...

Tagged with: Bank of America Brian Moynihan Countrywide Fannie Mae Freddie Mac