New York Times:
Investment funds like the Fortress Investment Group are buying mortgages, trimming some of them to the benefit of homeowners, and shifting any risk to the federal government. (Read More)
New York Times:
Investment funds are buying mortgages, trimming some of them to the benefit of homeowners, and shifting any risk to the federal government. (Read More)
New York Times:
Investment funds are buying mortgages, trimming some of them to the benefit of homeowners, and shifting any risk to the federal government.
. (Read More)
New York Times:
Investment funds are buying mortgages, trimming some of them to the benefit of homeowners, and shifting any risk to the federal government.
. (Read More)
Calculated Risk:
Meredith Whitney expressed concern about what will happen when the Fed stops buying GSE MBS by the end of the first quarter 2010. From Bloomberg: Meredith Whitney Says Bank Stocks Are ‘Grossly’ Overvalued The Federal Reserve (Read More)
New York Times:
Investments funds are buying blocks of mortgages, trimming the size of some of them to the benefit of homeowners, and shifting any risk to the federal government.
. (Read More)
Seattle Real Estate ~ Rain City Guide:
Underwriting guidelines continue to get tougher. This week FHA tightened her belts on streamline refinances and over the weekend of December 12, 2009, Fannie Mae’s DU 8.0 will be implemented. DU 8.0 will require:minimum c (Read More)
New York Times:
Buyers of homes in high-priced markets have some reason to cheer: the federal government recently extended through 2010 the maximum dollar amount for “conforming loans.”
. (Read More)
Calculated Risk:
Yesterday I posted some excerpt from Freddie Mac's 10-Q: We believe that several of our mortgage insurance counterparties are at risk of falling out of compliance with regulatory capital requirements, which may result in regu (Read More)
New York Times:
Fannie Mae, the mortgage finance giant, said Monday that it was reviewing whether it would have to write off $5.2 billion in low-income housing tax credits after the Treasury Department rejected its request to sell the credit (Read More)
Calculated Risk:
On Monday, the Federal Reserve Senior Loan Officer Opinion Survey on Bank Lending Practices for October will probably be released. This survey was available for the FOMC meeting last week, and tight lending standards and weak (Read More)
BloodhoundBlog:
Fannie Mae announced today it’s implementation of the Deeds for Lease Program (which name, interestingly, they have trademarked). I cannot begin to count the problems with this latest attempt by the government to sober up an (Read More)
New York Times:
Goldman Sachs had proposed to pay cash for Fannie Mae’s tax credits, which are tied to investments in affordable housing.
. (Read More)
New York Times:
As expected, the Treasury Department blocked the sale of Fannie Mae's unused tax credits to Goldman Sachs late Friday, arguing that the government would lose more money on taxes than it would gain from the proposed deal. (Read More)
New York Times:
Fannie Mae, the largest provider of funding for U.S. home loans, said on Thursday bad mortgages and a federal foreclosure prevention program left it with a $18.9 billion loss, forcing it to tap the Treasury again to plug a ho (Read More)
Housing Doom:
To that end, FHFA has informed Fannie Mae that a possible transfer of a portion of its LIHTC investments to unrelated third-party investors is consistent with FHFA’s ongoing efforts to conserve Enterprise assets and with the (Read More)
BloodhoundBlog:
Yahoo News:Can’t pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a (Read More)
Calculated Risk:
Press Release: Fannie Mae Reports Third-Quarter 2009 Results Fannie Mae (FNM/NYSE) reported a net loss of $18.9 billion in the third quarter of 2009, compared with a loss of $14.8 billion in the second quarter of 2009. ... Th (Read More)
Seattle Real Estate ~ Rain City Guide:
In a press release this morning, Fannie Mae announced a new program for homeowners who are facing foreclosure and who do not qualify for a loan modification: Deed for Lease. Distressed homeowners would complete a deed in li (Read More)
Calculated Risk:
From Fannie Mae: Fannie Mae Announces Deed for Lease™ Program Fannie Mae (FNM/NYSE) is implementing the Deed for Lease™ Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by sig (Read More)