Tag Archives: Fannie Mae

Fannie, Freddie chief’s rejection of mortgage reductions has bankers smiling

July 31, 2012

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  Fannie Mae and Freddie Mac won’t be taking part in the Obama administration’s home mortgage principal reduction program. That’s bad news for underwater homeowners but cause for rounds of high-fives among executives in the nation’s financial sector. The setback for homeowners came Tuesday when Federal Housing Finance Agency Acting Director Ed DeMarco bowed to […]

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Business Digest: Realtors hope $25B foreclosure settlement will spark housing revival

February 19, 2012

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With the residential real estate industry shell-shocked from years of a moribund market, its spokespeople can be forgiven for taking a cautious attitude toward this week’s announcement of a $25 billion settlement with five of the nation’s biggest mortgage lenders over flawed and fraudulent foreclosure practices. The money in the settlement will mostly go to […]

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