Freddie Mac

• Exec Says Strategic Defaulters Can Be Good Mortgage Risks

  By David Morrison  |  March 6, 2013

  Founder of YouWalkAway.com says 100-point hit in credit score expectable but can be overcome by long positive payment histories.

• House Hearing on GSEs Proceeds as Snow Falls

  By Heather Anderson  |  March 6, 2013

  Panel to discuss how government policy at Fannie and Freddie played role in housing collapse and financial crisis.

• Fannie Mae and Freddie Mac to Consolidate Securitization

  By David Morrison  |  March 5, 2013

  Two secondary mortgage giants will begin work on their replacement.

• 

  Industry Anxieties Wane Over Fannie and Freddie Reform

  By David Morrison  |  February 27, 2013

  Despite what almost everyone agrees is the deep importance of the topic, credit unions have become largely ambivalent about reforming the secondary mortgage market and uncertain about potentially disrupting a system which seems to be working well, according to executives with credit union organizations familiar with the issue.

• OIG Tells Issa That Contingency Fees Are Reasonable

  By Heather Anderson  |  February 20, 2013

  NCUA Inspector General William DeSarno told House Oversight and Government Reform Chairman Darrell Issa (R-Calif.) in a letter that amounts paid to attorneys working under contingency contracts on securities fraud suits are reasonable and are not unnecessarily high.

• HARP Refis Hit 2 Million Mark

  By Heather Anderson  |  February 19, 2013

  Two-thirds of Nevada refis, more than half of Florida's attributable to HARP underwater mortgage help.

• OIG Tells Issa Contingency Fees Reasonable, But Redacts Details

  By Heather Anderson  |  February 12, 2013

  NCUA inspector general responds to California congressman's concerns about legal fees for Wall Street suits over securities losses.

• Cordray: Regulators Shouldn’t Steer Lenders to Qualified Mortgages

  By Heather Anderson  |  February 8, 2013

  Director tells CFPB briefing that new rules aren’t intended to pressure lenders into meeting QM standards on all mortgages.

• Quit Messing With Twitter and Stop DDoS Attacks: Editor/Publisher's Column

  By Sarah Snell Cooke  |  February 6, 2013

  DDoS attacks have been confirmed that have taken down two credit unions and several large banks’ websites. It’s been proven our entire financial system is vulnerable. While stealing personal information doesn’t seem to have been at play, this is a critical concern for the entire financial services industry.

• 

  Purchase-Money Lending May Be Ready to Blast Off

  By David Morrison  |  February 6, 2013

  Credit unions may have their best opportunity ever to boost the portion of mortgage loans that actually go to purchase homes as opposed to loans that refinance previous notes.