Posts tagged as:

Freddie Mac

Fannie and Freddie Put the Freeze on Foreclosures For the Holidays

by Moe Bedard

Fannie Mae and Freddie Mac are breaking out the foreclosure freeze guns during the holidays and suspending foreclosures on occupied homes until early 2009. (Sorry again investors. Freddie and Fannie are leaving you in the cold)
Isn’t it amazing that they can just flick the foreclosure switch like that?

“We felt it was in the best interest of both [...]

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NACA Shines Media Spotlight on Fannie Mae Foreclosure Follies

by Moe Bedard

NACA, the Neighborhood Assistance Corporation of America says Fannie Mae was bailed out by the government with taxpayer money, but now Fannie Mae is turning its back on the same people whose money bailed them out.

NACA is led by one of the most controversial and effective consumer advocates in the country, Bruce Marks. A [...]

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Let’s Use Fannie to Clean Up the Mess It Made

by Moe Bedard

Earlier this week, James Lockhart, the director of the Federal Housing Finance Agency and the government conservator of Fannie Mae and Freddie Mac, said that the two companies need to begin writing

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Fannie & Freddie Offer More Carrots (Cash) for Servicers to “Try” and Entice Them to Help Struggling Borrowers

by Moe Bedard

Cash is king and when it comes to helping people in need, cash seems to light a fire under people’s arses to make them help a little bit more than they would if there were no cash incentives involved.
This is the “new” American way, right?
The facts are that it costs a servicer more money to perform some type [...]

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Fannie, Freddie: Taxpayers on the hook

by Moe Bedard

A number of senators on the banking committee – from both parties – characterized Paulson’s request as asking lawmakers for a “a blank check,” and they were none too keen on the idea, knowing they have to answer to taxpayers.
How lawmakers might alter the Treasury’s proposals isn’t clear yet. But if the government uses federal [...]

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The House Approves Massive Housing Bill – But Will it Help You?

by Moe Bedard

The House approved a massive plan Wednesday to try and put the brakes on the foreclosure crisis that is sweeping the nation and causing the worst housing decline since the Great Depression. The goal of this new bill is to provide aid to homeowners facing foreclosure and also a “bail out” of government backed mammoths Fannie Mae and [...]

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