The Federal Housing Finance Agency, the federal regulator and conservator of government-sponsored mortgage giants Fannie Mae and Freddie Mac, has delivered a strategic plan for the two that envisions them becoming smaller and less relevant to the secondary mortgage market.
The discontinuance of new mortgage loans by BofA is in response to an ongoing dispute over the expenses on defective mortgages and Fannie Mae’s position on repurchases, reports say.
The Federal Housing Finance Agency has delivered a strategic plan for Fannie Mae and Freddie Mac.
The 177,000-member, $1.4 billion GTE Federal Credit Union faces a $51,000 fee from Fannie Mae because it only used foreclosure attorneys the government-backed mortgage giant approved and ordered it to use.
Fannie Mae imposes $51,000 fee for delays CU says it caused. Find out more in this article from the Feb. 8 print edition of Credit Union Times.
Presidential candidate again misspeaks on credit unions, raising question if its intentional or lack of understanding. Either is troublesome.
Former House Speaker lumps credit unions with government-sponsored enterprises in Tampa debate.
Ovide Lamontagne is Manchester attorney, Tea Party favorite and concerned about gaffes like Gingrich lumping credit unions with Fannie Mae.
New Jersey CEO says 30-year mortgages are "necessary for the health of the housing market."
Fannie Mae survey also finds increase in underwater mortgages.