Mortgage, Real Estate, US Real Estate

Fannie Mae to Extend Forbearance Plans to Unemployed

By Mike Wheatley | January 13, 2012
Good news for unemployed homeowners at last, as Fannie Mae says it will provide additional aid to those who are out of work and struggling to pay their mortgages, by extending the forbearance period by up to as much as 12 months.
Real Estate, US Real Estate

Michael Williams to Resign as Fannie Mae CEO

By Mike Wheatley | January 12, 2012
Michael Williams, CEO of Fannie Mae, has revealed that he intends to step down from his role as chief of the government-sponsored enterprise, although he will continue in the post until a successor can be found.
Real Estate, Residential, US Real Estate

FED Says Atlanta, GA Prime Target For Converting REO's To Rentals

By Donna S. Robinson | January 11, 2012
A recent Federal Reserve report points out that Atlanta, GA is a prime candidate for a conversion program to turn those REO properties into rentals. The objective would be to cause rent rates to fall, while perhaps helping home prices increase or at least stabilize, for owner-occupant purchases.
Mortgage, US Real Estate

FHFA to Review Foreclosure-Rental Proposals

By Mike Wheatley | December 30, 2011
More than 400 viable proposals have been received by the FHFA on how it should try to deal with the large number of foreclosures that continue to plague real estate markets across the nation.
Mortgage, Real Estate, US Real Estate

Kamala Harris Files Lawsuit Against Fannie and Freddie

By Mike Wheatley | December 26, 2011
Mortgage giants Fannie Mae and Freddie Mac have received an unwelcome Christmas present from California’s attorney general Kamala Harris – a lawsuit filing. The attorney general is demanding Fannie and Freddie respond to a total of fifty-one questions regarding foreclosures and other practices they have made in the state. According to a report from the […]
Featured News, Real Estate, US Real Estate

Gingrich Defends Freddie Mac Payments

By Mike Wheatley | November 17, 2011
Republican Presidential candidate Newt Gingrich is facing a storm of criticism after it was revealed that he earned at least $1.6 million in consultancy fees from Freddie Mac, a figure which was said to be way above the norm, and which Mr. Gingrich himself has yet to acknowledge. Yet despite the furor, Mr. Gingrich, an […]
Mortgage, US Real Estate

Freddie Mac Requests $6 Billion to Offset Third Quarter Losses

By Mike Wheatley | November 4, 2011
Freddie Mac has asked the government to bail it out again with an additional $6 billion in aid, so that it can offset third quarter losses. The request is the largest of its kind since April 2010. Altogether, the taxpayer has had to stump up almost $169 billion to rescue Freddie Mac and Fannie Mae, […]

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