Fannie Mae News

This new congressional report exposes Barney Frank as the lying crook that he is--it's amazing, really to see such truth come out of a Congressional report ... U.S. House of Representatives Committee on Oversight and Government Reform Darrell Issa , Ranking Member The Role of Government Affordable Housing Policy in Creating the Global Financial ...

GOP members of the House Oversight Committee have put out a report analyzing Fannie Mae and Freddie Mac's role in the housing meltdown.

Rep. Barney Frank , chairman of the House Financial Services Committee. Washington Fannie Mae and Freddie Mac were the chief culprits in the housing crisis because they encouraged people who could not afford payments to borrow money, according to a congressional report released Tuesday.

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One policy of the Obama administration that has understandably attracted little public attention is its proposal to make the Federal Reserve a "systemic risk regulator." It's a well-intentioned attempt to prevent the kind of financial crisis that struck the nation last year and ended an unprecedented period of 25 years of low-inflation economic ...

WASHINGTON It's by far the hottest controversy in real estate this summer, and it could directly affect the value of your house -- probably negatively -- by tens of thousands of dollars.

Government allows more troubled borrowers to qualify for a refinancing program run by the mortgage financiers.

Struggling homeowners may soon be getting more help from Uncle Sam. Housing and Urban Development Secretary Shaun Donovan announced today that Fannie Mae and Freddie Mac will begin refinancing mortgages with loan-to-value ratios of 125 percent.

U.S. Housing and Urban Development Secretary Shaun Donovan stood Thursday in front of two foreclosed houses on Saddleback Court to reiterate his plan to offer more help to the nation's distressed homeowners.

The U.S. Department of Housing and Urban Development on Wednesday unveiled an expansion of the Home Affordable Refinance Program to include participation by borrowers who are current but up to 125% underwater on their mortgage.

The Obama administration on Wednesday broadened its refinance program for underwater borrowers, those who owe more than their homes are worth.

Mortgage giant and government-sponsored enterprise Fannie Mae in May took on more refinanced mortgages as part of a federal program, raising its refi volume to $57bn, as its delinquency rate rose to more than double the year-ago level.

Delinquency rates on the least-risky mortgages more than doubled in the first quarter from a year earlier as U.S. efforts to help homeowners failed to keep pace with job losses that pushed more borrowers toward foreclosure.

The federal government is likely to spend $835 billion this year fighting the crises in the financial system and the economy, according to a new report by the Congressional Budget Office.

The US Federal National Mortgage Association , commonly known as Fannie Mae, has implemented an advanced contact centre solution from Verizon Business, Verizon said on Monday.

The FBI is investigating Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc. and American International Group Inc.

There may be another culprit scuttling a U.S. housing recovery: low home appraisals.

Despite efforts by Fannie and Freddie to modify loans, foreclosures are flooding the government-sponsored enterprises at an increasing rate.

The bad news is, home prices have fallen, plunging you underwater on your mortgage and meaning you owe more on your home than it's currently worth.

About one hour after hearing from Secretary Shaun Donovan of the U.S. Department of Housing and Urban Development, which has seen loan volume skyrocket over the past year to account for about 24 percent of the mortgage origination market, a small group of real estate editors and writers heard from the man who oversees the government lenders that ...