Four U.S. Senators have asked the conservators of Freddie Mac and Fannie Mae to freeze foreclosures on mortgages held by the companies for 90 days and to take immediate steps to assist homeowners by modifying delinquent loans. Senators Sherrod Brown (D-OH), Bob Casey (D-PA), Robert Menendez (D-NJ), and...
The chief executives of both Freddie Mac and Fannie Mae as well as the Chairman of the Federal Deposit Insurance Corporation and the Federal Housing Commissioner and Assistant Secretary of the Department of Housing and Urban Development testified last week in a hearing before the U.S. House Committee...
One of the most vocal proponents of the Chicken Little philosophy of real estate is John R. Talbott, who in 2003 wrote the best selling book The Coming Crash in the Housing Market . His new book Sell Now! The End of the Housing Bubble was published this year and has occasioned a lot of press and a certain...
Freddie Mac and Fannie Mae have each moved to offer expanded home ownership opportunities to an underserved minority population. In December, Fannie Mae announced that it was using a wrinkle in the Federal Deposit Insurance Corporation�s (FDIC) regulations to make a significant deposit investment in...