Borrowers relieved of requirement to document hardship or financial situation.
During the March 19 House Financial Services hearing on the conservatorships of Fannie Mae and Freddie Mac, Rep. Mel Watt (D-N.C.) yielded back the majority of his allotted time due to “media speculation over the weekend.”
NAFCU, CUNA join bankers, real estate lobby in supporting move to stop Fannie Mae, Freddie Mac fees going to pay off deficit.
Commmittee Chair Hensarling reiterates aim to eliminate Fannie Mae, Freddie Mac as government-sponsored enterprises.
North Carolina congressman named as possible successor to embattled FHFA acting director. DeMarco taking flak over principal reductions.
House subcommittee chair blames "bad mortgages" in comments at hearing on government-sponsored enterprises.
Panel to discuss how government policy at Fannie and Freddie played role in housing collapse and financial crisis.
Credit union trade groups reviewing the details; concern is whether strategic defaults would be encouraged.
Trade participates in call with White House about three bills that would address mortgage modifications and refinancing.
FHFA said it has postponed but not killed idea of principal of forgiveness for Fannie and Freddie loans.