The Latest
- Fannie and Freddie shares tumble with bipartisan announcementThe White House, as well as Senators from both sides of the bipartisan fence within the U.S. Senate Banking Committee, have come together to create a draft legislation to makes major changes to the mortgage market while allowing borrowers...
- Fannie Mae and Freddie Mac suspend foreclosure evictions for holidaysAs they have done in previous years, Fannie MaeandFreddie Macannounced Friday a two-week moratorium on evictions over the Christmas and New Year's holiday. The mortgage giants will suspend evictions of foreclosed single family and 2-4 unit...
- Fannie and Freddie to lower conforming loan limitsEdward DeMarco, acting director of the Federal Housing Finance Agency, told Zillow and the Bipartisan Policy Center yesterday that Fannie Mae and Freddie Mac (Enterprises) will be reducing the maximum size of loans that the Enterprises guarantee...
- Fannie Mae and Freddie Mac post significant second quarter earningsCongressional members continue to call for the dismantling of Fannie Mae and Freddie Mac (Enterprises) while the two mortgage giants continue to post record profits. Combined, the two “Enterprises” posted second quarter earnings of $15...
- FannieMae upgrades housing growth forecastDue to better net exports and stronger inventory that originally reported for the second quarter of 2013, Fannie Mae economists have upgraded their forecasted growth from sub 2 percent to 2.5 percent for the housing market.Fannie Mae’s (FNMA...
- Fannie Mae releases mortgage rates for last weekMortgage rates went up slightly last week, according to Fannie Mae’s release today. The benchmark 30 year fixed went from 2.920% to 3.080% from a week ago.The release shows that rates are better than they were a year ago by 0.220 percent....
- Housing nominee Mel Watt helped spawn the 2008 financial crisisIn the Daily Caller, historian and presidential biographer Charles C. Johnson writes that “Housing nominee Mel Watt helped create the subcrime crisis.” Watt has been nominated by President Obama to be director of the Federal Housing...
- Fannie Mae releases loan performance dataFannie Mae is following the lead of Freddie Mac in furnishing historical single-family, loan-level credit performance, according to their release today.Freddie Mac released their performance data last month. Both Government Sponsored Enterprises ...
- DeMarco tells Senate housing showing signs of improvementEdward DeMarco, acting director of the Federal Housing Finance Agency (FHFA), told the U.S. Senate Committee on Banking, Housing and Urban Affairs yesterday that “We are seeing signs of recovery in the housing market across a number of...
- Home interest rates remain volatileAccording to Freddie Mac, home loan interest rates last week were down for the second week in a row, this after being up fairly significantly since mid January.Mortgage backed securities (MBS) are up again today, after starting their climb back up...
- FHFA extends HARP underwater refinances to 2015The Federal Housing Finance Agency (FHFA) announced Thursday that the Home Affordable Refinance Program (HARP) through 2015. According to their news release: “More than 2 million homeowners have refinanced through HARP, proving it a useful...
- Treasury clarifies the new Fannie Mae and Freddie Mac streamline modificationOn Friday March 29, 2013 I wrote the article entitled "Fannie Mae and Freddie Mac leading departure from Obama's HAMP program"As a result of that article I was contacted by the Department of Treasury and asked to clarify their...
- B of A holds gun makers deposits hostage, time to find a new bankJoe Sirochman, owner of American Spirit Arms posted to his Facebook account that Bank of America was holding deposits from his business because they felt that he,“should not be selling guns and parts on the Internet.”He has been a B of...
- New study confirms economy was destroyed by Democrat policiesA new study from the widely respected National Bureau of Economic Research released this week has confirmed beyond question that the left's race-baiting attacks on the housing market (the Community Reinvestment Act--enacted under Carter, made...
- Holiday moratorium on foreclosure evictionsFederal mortgage backers Fannie Mae and Freddie Mac announced this week that they have halted evictions from foreclosed homes during the holidays.For Fannie Mae backed mortgages, the suspension on evicting homeowners will be from Dec. 19 through...
