The trades last week came out against principal forgiveness, an idea floated by Federal Housing Finance Agency Director Edward DeMarco. Political observers, however, noted that he has long been opposed to debt forgiveness and may be simply responding to consistent pressure from the Democratic Party.
Some thoughts on strategic defaults, remote deposit capture and even Greece.
NAFCU CEO worries about indirect impact from principal forgiveness.
Possible Fannie Mae, Freddie Mac write-downs could in fact help credit unions by forcing losses onto holders of first liens.
NAFCU, ABA react to FHFA director comments about considering principal forgiveness for some underwater loans at Fannie Mae and Freddie Mac.
Welcome to the age of chaos. Adaptability and change are the new standards for everything. Uncertainty and haste are the new normal. Recent news reports say people are only willing to wait 250 milliseconds for a search on the Internet. Google and Bing offer replies in less than a second. And that’s still not fast enough for...
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.
If John Worth worked at the United Nations, he might be helping delegates understand a language that is quite different from their native tongues.