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$400 Billion Aid for Fannie Mae, Freddie Mac
7 hours ago ago from RelistrReal Estate News, Mortgage, Housing, Homes For Sale - Relistr.com
The U.S. Federal Housing Finance Agency (FHFA), may ask the Treasury Department before the end of the year for an increase in the $400 billion federal lifeline provided to Fannie Mae and Freddie Mac, according to a Bloomberg report. Fannie Mae and Freddie Mac own or guarantee half of all U.S. mortgages. Treasury officials aren’t likely to take the chance of allowing the companies to fall into receivership, which is a bankruptcy-like ...
Related contentFannie Freddie May Need Another $400 Billion Taxpayer Assistance
8 hours ago ago from Mish's Global Economic Trend Analysis
Remember the ridiculous claim that taxpayers would not lose a dime on Fannie Mae or Freddie Mac when they were seized 16 months ago? It's certainly no surprise in this corner but Fannie, Freddie Overseer May Seek More Treasury Aid Fannie Mae and Freddie Mac’s federal regulator is renegotiating the companies’ financing plan with the U.S. Treasury Department and may seek an increase to their $400 billion federal lifeline before the end of ...
Related contentFannie, Freddie Overseer Said to Consider Seeking More U.S. Aid
12 hours ago ago from Single Source Mortgage Dot Net
Fannie Mae and Freddie Mac's federal regulator is renegotiating the companies' financing plan with the U.S. Treasury Department and may seek an increase to their $400 billion federal lifeline before the end of the year, according to people familiar with the talks. Source of this article: Fannie, Freddie Overseer Said to Consider Seeking More U.S. Aid
Related contentMonday Money Matters – 12.14
2 hours ago ago from Mortgage Matters ~ Rebecca R. Madej
News You Can Use With foreclosure filings falling 8% , industry experts are speculating if this is another sign of the housing market’s recovery . Could be. However, with modifications being few and far between and suspicions of the impending impact of adjusting Option ARM mortgages, there are lingering concerns about a shadow foreclosure market . What is certain is as long as foreclosures are a normal part of our market, home ...
Related contentHome Equity Lending Practices to Be Aware of
22 hours ago ago from finweb.com
Home equity lending is complicated because it is a form of subordinate lending. This means your home equity lender will not take the first priority if you have to declare bankruptcy in order to repay all of your debts. Your senior lenders, like your mortgage lender, will take the number one spot. Since the home equity lender is subordinate, these lenders are more likely to attempt to gain an upper hand by making loans less favorable to you. ...
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First-Time Buyer Tips for 2010
14 hours ago ago from Rented Spaces
Shopping for your first home can be one of the most stressful transactions of your life. Not only do you have to find someplace you want to live-more than a roof over your head, a home with light, space, and comfort-you also have to master (and negotiate with) an entire network of agents, brokers, lawyers, and movers. There are agents to spar with, inch-thick contracts to sign, movers to find, boxes to pack, and plenty of people to pay ...
Related contentFDIC Proposes To Have Loan Originators Keep Stake - FOXBusiness.com
4 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Finance Tuesday, December 15, 2009 FDIC Proposes To Have Loan Originators Keep Stake  By Ronald D. Orol MarketWatch Pulse  WASHINGTON - ...
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