Democratic lawmakers and housing advocates have been calling for the GSEs to sell non-performing loans (NPLs) to non-profits and Community Development Financial Institutions, and on Wednesday, they partially got their wish.
Read More »FHFA to Get Off the Fence on Principal Relief
FHFA has been considering the possibility of offering principal reduction to underwater homeowners since long before Mel Watt became Director of the Agency two years ago. Why have they taken so long to make a decision?
Read More »FHFA: Debt Reduction is ‘Still Under Consideration’
The Federal Housing Finance Agency said it was looking for a "responsible solution" to the issue of mortgage debt reduction.
Read More »Majority of Renters Plan to Stand Pat
Renting is gaining popularity across all age groups, according to a survey from Freddie Mac.
Read More »Shareholder to Fannie Mae and Freddie Mac: Show Me the Corporate Records
The sweeping of Fannie Mae and Freddie Mac profits into Treasury has prompted several lawsuits from investors. But the lawsuits filed by shareholder Tim Pagliara are the first of their kind.
Read More »Lenders, Here’s How to Attract First-Time Homebuyers
First-time homebuyers, including millennials, are slowly but surely making their way into the housing market and lenders need to be prepared to grab their attention and keep it.
Read More »Counsel’s Corner: Digging Deeper Into the 9th Circuit Court Decision on GSEs
In this installment of Counsel's Corner, Brett Barnett of McGuireWoods discusses last week's decision by the 9th Circuit Court that Fannie Mae and Freddie Mac are privately held companies.
Read More »Fannie Mae and Freddie Mac Make First Contribution to Housing Trust Fund
The money will go toward providing construction and rehabilitation of affordable rental housing units for low-income families.
Read More »GSEs’ Expenses Are Way Up; Where Did the Money Go?
Fannie Mae and Freddie Mac returned to profitability in 2012. Since then, their net expenses have increased by more than $1 billion combined.
Read More »Mortgage Rates Climb for the Second Time This Year
Interest rates for mortgage loans, which continue to remain at historic lows, saw another increase for the second time this year.
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