Items Tagged with 'Fannie Mae'

ARTICLES

Flint water crisis now impacts mortgage lending

Lenders must prove homes have safe water
The severity of the Flint, Michigan, water crisis continues to plague residents, and now there are questions about whether people will be able to sell their homes if they want to, as their homes may not meet livability standards required for a mortgage.
Read More

Fannie Mae, Freddie Mac finalize rep and warrants policies

Finally establish third-party arbitration for repurchases
The Federal Housing Finance Agency announced this morning that Fannie Mae and Freddie Mac are changing their mortgage purchasing rules to establish an independent third-party review process for repurchases. This arbitrator will now review unresolved loan-level disputes.
Read More

Fannie Mae and lenders end 2015 with a bang

Wells Fargo tops list of producers in "remarkable" year
Fannie Mae, the most reliable source of financing in the multifamily sector, provided $42.3 billion in financing to support 569,000 homes. These homes are financed to support affordable or workforce housing.
Read More

Monday Morning Cup of Coffee: Fannie, Freddie crystal ball just got cloudier

Plus, is it time to buy the big banks?
There is a lot of debate surrounding the future or lack thereof of Fannie Mae and Freddie Mac, with opinions coming from the White House, Congress, trade groups, just to name a few. But predicting the future of the GSEs just got a little harder. Plus, is it time to buy the country's biggest banks? All that, and more, in your Monday Morning Cup of Coffee.
Read More
From HW Magazine

Why conservatorship of Fannie and Freddie must end

Working people need access to responsible and sustainable mortgage loans
The fate of the Fannie and Freddie investors is not our concern. We are concerned about what happens to communities. And what is happening right now is that the future ability of working class families to obtain responsible home loans is in serious jeopardy.
Read More

Fox News personality predicts housing crisis, outs self as clueless fear-monger

Another national pundit spews housing nonsense disguised as knowledge
Cal Thomas, who is apparently “America's most widely syndicated op-ed columnist,” penned a syndicated column that appeared on FoxNews.com and in scores of newspapers from coast to coast recently, in which he writes that the creation of the HomeReady program by Fannie Mae is one giant step towards another housing apocalypse. Not only does Thomas not know what he’s talking about, he goes on to out himself as a fear-mongering doomsayer.
Read More

Freddie Mac settles with Deloitte in $1.3 billion suit over Taylor, Bean & Whitaker

Is this long, bloody era finally over?
The court battle between Freddie Mac and Deloitte & Touche over allegations of fraud involving the spectacular collapse of Taylor, Bean & Whitaker is now over after the two sides agreed to dismiss Freddie Mac’s $1.3 billion lawsuit against Deloitte. Freddie Mac initially sued Deloitte & Touche in 2014, accusing Deloitte of "gross negligence" in its auditing of TBW.
Read More