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Time for the US public to question lawmakers and get money back from Fannie Mae and Freddie Mac

Source: Economic Times, Nov 19 2012, 12:14am CST

Who says Democrats and Republicans can't agree on anything? When it comes to fixing the government's troubled and costly relationship with the private mortgage market, bipartisanship is very much alive. Politic ...

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Update
10

3 hours ago

First it's Sacramento, then local Realtors travel to D.C.

Source: The San Jose Mercury News  |   May 20 2013, 10:07pm CDT

ownership and real estate investment. Just back from meeting their state legislators in Sacramento early in the month, members of the Silicon Valley Association of Realtors trekked to Washington, D.C., last week, joining more than 9,000 attendees from ...

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Update
9

6 hours ago

New program to help some struggling homeowners avoid foreclosure

Source: KDVR.com  |   May 20 2013, 6:28pm CDT

DENVER — In Late March, the Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will offer struggling homeowners an easier way to stay in their homes. The program, known as the Streamlined Modification ...

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Who is this Celebrity?

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Update
8

7 hours ago

Michigan county will ask U.S. Supreme Court to force Fannie Mae and Freddie Mac to pay taxes

Source: MLive.com  |   May 20 2013, 6:16pm CDT

WATERFORD TOWNSHIP, MI -- Oakland County plans to appeal to the Supreme Court in its claim that Fannie Mae and Freddie Mac owe the county $1.5 million and the state $10.5 million in taxes. The Fannie Mae headquarters is seen in Washington D.C. in ...

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Update
7

8 hours ago

Mortgage Lenders Seek Lower Guarantee Fees in GSE Risk-Sharing Pilot

Source: American Banker  |   May 20 2013, 4:38pm CDT

The Federal Housing Finance Agency should require the government-sponsored enterprises to purchase loans with "deeper levels of credit enhancement (via mortgage insurance, lender recourse or capital market investors) in exchange for ...

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Update
6

9 hours ago

Court rules for Fannie, Freddie in Oakland lawsuit

Source: San Antonio Express  |   May 20 2013, 3:33pm CDT

DETROIT (AP) — A federal appeals court overturned a lower court ruling and threw out tax claims by Oakland County against the federally charted mortgage giants Fannie Mae and Freddie Mac. In an opinion released Monday, the U.S. ...

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Update
5

10 hours ago

Court rules for Fannie, Freddie in Oakland Co. lawsuit

Source: Crain's Detroit Business  |   May 20 2013, 2:18pm CDT

A federal appeals court has overturned a lower court ruling and has thrown out Oakland County's tax claims against the federally charted mortgage giants Fannie Mae and Freddie Mac. Oakland County Executive L. Bro ...

Continue reading on: Crain's Detroit Business  More like this

 

Recommended

 
Update
4

11 hours ago

Housing: The Risk Of Rising Home Prices And Mortgage Rates

Source: Seeking Alpha  |   May 20 2013, 2:13pm CDT

It is remarkable to me to watch the level of bullishness surrounding housing today. From homebuilders to home furnishing stores, the euphoria continues to reach a fever pitch. However lurking beneath this endless torrent of positive news is a reality ...

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Update
3

11 hours ago

Michigan can't collect real estate transfer taxes from Fannie Mae, Freddie Mac

Source: Detroit News Online  |   May 20 2013, 1:26pm CDT

The state of Michigan and counties cant collect real estate taxes from home sales made by Fannie Mae and Freddie Mac, a federal appeals court ruled Monday. In 2011, Oakland County and Genesee County filed class-action suits ...

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Update
2

13 hours ago

Why FHFA's Ed DeMarco Isn't Going Anywhere

Source: U.S. News & World Report  |   May 20 2013, 11:29am CDT

Federal Housing Finance Agency Acting Director Edward DeMarco, right, testifies before the Senate Banking Committee in 2010. If confirmed by the Senate, Rep. Mel Watt, D-N.C., will replace Ed DeMarco, the current – and controvers ...

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Update
1

14 hours ago

'Easy Money' Over for Bank of America Stock: KBW

Source: The Street  |   May 20 2013, 10:40am CDT

KBW Bank Index (I:BKX) closed at 61.13 Friday, up 19% year-to-date, following a 30% increase last year. Mutascio maintained his price target of $13.50 for Bank of America's shares. "Our thesis on BAC has been that potential litigation and l ...

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