Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,270
# of Questions
 

Send Article via Email

REGISTERED USERS (Free!):
Can forward to 6 email addresses at a time. Register or Login

Registered users also get the additional advantage of Co-branded Emails and Landing Pages. Learn more about these features.

Your Name: 
Your Email: 
I want to forward this to
(Enter Email Address Below) :
Include a Personal Message (optional)

Please add 3 and 7 and type the answer here:
Leave this field blank.
Email Preview Below:
This feature is now 100% free. Learn More About Co-branded Email and our other Co-branded Services.
 
This email was sent to you by:
Harry Chriest |
Mortgage News Daily

Message:   YOUR MESSAGE HERE
Email alerts, such as this one, are a free service provided by Mortgage News Daily. If you would like to receive an alert when important news breaks please register to join our community.
This Man Wants to Lower Your Mortgage Payment
Posted to: Around The Web
Thursday, December 12, 2013 4:30 AM

Forward this email:  Send a copy of this story to someone you know that may want to read it.

The Federal Housing Finance Authority — overseer of housing giants Fannie Mae and Freddie Mac — finally got a new Director when North Carolina Congressman Mel Watt was confirmed to the post by the Senate yesterday. The move was one of the less publicized results of the Senate ending the filibuster for many Presidential appointments late last month, but it actually could end up being one the most consequential. The main reason why President Obama had been unable to confirm his own pick to head the agency is Congressional Republicans’ distaste for a “principal reduction” program aimed at helping underwater homeowners with mortgages owned or guaranteed by Fannie Mae and Freddie Mac. A program of principal reduction would, likely with the help of


More from MND:

 

If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.

Forward this email:  Send a copy of this story to someone you know that may want to read it.

 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.44%
  • |
  • 15 Yr FRM 3.49%
  • |
  • Jumbo 30 Year Fixed 4.20%
MBS Prices:
  • 30YR FNMA 4.5 106-21 (-0-12)
  • |
  • 30YR FNMA 5.0 109-02 (-0-06)
  • |
  • 30YR FNMA 5.5 110-07 (-0-07)
Recent Housing Data:
  • Mortgage Apps -6.27%
  • |
  • Refinance Index -7.74%
  • |
  • Purchase Index -3.49%