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FHA faces cash squeeze, commissioner says
The Federal Housing Administration is tightening rules for lenders after reporting that its financial cushion will sink below mandatory levels for the first time in its 75-year history.
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The US Government and the Foreclosure Crisis: Out of Ideas or Out of Will?
It’s old news that federal housing agencies need better ideas about what to do about the foreclosure crisis. The new development is that they realize it and have issued a blunderbuss “RFI” (request...
View ArticleOther People’s Money | Fannie and Freddie, Still the Socialites
Only Lender Processing Services had more (guests) — 91 — than Fannie and Freddie. (Perhaps they robo-signed their registrations.) ~ Fannie and Freddie, Still the Socialites THE mortgage business is...
View Article$50 – $100 Billion | White Paper – Is FHA the Next Housing Bailout?
Joseph Gyourko1 Martin Bucksbaum Professor of Real Estate, Finance, and Business & Public Policy The Wharton School University of Pennsylvania ~ Is FHA the Next Housing Bailout? Introduction Yes,...
View ArticleFreddie Mac, Fannie Mae Again Halt Evictions During Holidays
Freddie Mac, Fannie Mae Again Halt Evictions During Holidays Freddie Mac (FMCC) and Fannie Mae (FNMA) again said they are suspending many of their evictions during the holiday season from Dec. 19 to...
View ArticleBonusSpeak | 2 Month Tax Cut = Hidden Permenant Fee in Future Mortgages to...
Mortgage Fees Would Rise Under Payroll Tax Cut Deal Homebuyers, beware.In exchange for a two-month tax cut, the Senate on Saturday approved a permanent increase in fees attached to mortgages backed by...
View ArticleFBI LAUNCHES PROBE OF FANNIE, FREDDIE
FBI Reportedly Investigating Fannie Mae, Freddie Mac For Role In Subprime Crisis It’s been a bad month for Fannie Mae and Freddie Mac. The Securities and Exchange Commission announced last week that it...
View ArticleFedspeak White Paper | The U.S. Housing Market: Current Conditions and Policy...
The U.S. Housing Market: Current Conditions and Policy Considerations The ongoing problems in the U.S. housing market continue to impede the economic recovery. House prices have fallen an average of...
View ArticleFraudclosure Radio | Today (1pm ET) & Tomorrow (7pm ET) RI State Senator...
Thank you Senator Moura! Calling all Rhode Islanders! Help this woman stay in your legislature. Volunteer and donate to her campaigns. Keep her in the legislature. Emailed from the good Senator...
View ArticleWhy Fannie and Freddie are Hesitating to Help Homeowners
Why Fannie and Freddie are Hesitating to Help Homeowners by Cora Currier ProPublica Answers to homeowners’ questions about the Independent Foreclosure Review.The administration’s website for the...
View ArticleAG Coakley: Fannie Mae and Freddie Mac Should “Change Course” and Allow...
AG Coakley: Fannie Mae and Freddie Mac Should “Change Course” and Allow Principal Loan Forgiveness for Homeowners Current Position Prevents Many Homeowners from Receiving Relief BOSTON – Concerned that...
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The Servicing Settlement: Banks 1, Public 0
What are we to make of the servicing settlement announced today with much hoopla? The short answer is not much. The settlement is the large consumer fraud settlement ever, but it accomplishes...
View ArticleFannie Announces an Initiative to Make Loan-level Data for Single-family MBS...
A Legal Take on Fannie-BofA Fannie announced an initiative to make loan-level data for single-family MBS accessible as a move towards transparency. The agency will start releasing loan-level data...
View ArticleJudge Rules against Freddie Mac and Fannie Mae, Taxpayers Will Recover...
Judge rules against Freddie Mac and Fannie Mae in Oakland County lawsuit DETROIT (WXYZ) — Oakland County is celebrating a major win over mortgage giants Fannie Mae and Freddie Mac. The county said U.S....
View ArticleAre Insolvent Fannie and Freddie Making “Charitable Donations” with Your Tax...
“So the only thing I can see this advertising as being about is currying political goodwill, which is lobbying in another form, something that Fannie and Freddie are forbidden from doing.” ~ Adam...
View ArticleAdam Levitin | Geithner on Financial Crimes: The Dog Ate My Homework
Geithner on Financial Crimes: The Dog Ate My Homework If I rob a federally insured bank and make off with $20,000, I’m facing years of federal prison time. If I defraud federal insurance programs, be...
View ArticleMinnesota: Counties Sue Fannie Mae, Freddie Mac Over Propery Tax
Minnesota: Counties sue Fannie Mae, Freddie Mac The Hennepin County attorney’s office has filed a federal lawsuit against mortgage giants Fannie Mae and Freddie Mac, claiming the companies illegally...
View ArticleLow-Level Wells Fargo Workers Fired because of New Banking Standards
Low-level workers fired because of new banking standards The former farm boy speaks deliberately, can’t remember the last time he got a speeding ticket, and favors suspenders, horn-rim glasses and...
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Foreclosures Increase 11.2% in Third Quarter over Second Quarter of 2010. And...
According to Wednesday’s report released by the Office of the Comptroller of the Currency (“OCC”) and Office of Thrift Supervision (“OTS”), there were nearly 245,000 completed foreclosures in the...
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