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Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories Credit Loss Reserves and Foreclosed Inventory Expenses Eat at Fannie Mae's Earnings Fannie Mae has reported First Quarter 2010 Earnings Results. The government-sponsored enterprise, lost $11.5 billion in the first quarter compared with...
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The FHFA today released the Foreclosure Prevention & Refinance Report for the Third Quarter 2009. This report is intended to provide disclosure and analysis of Fannie Mae and Freddie Mac loan data. It discusses the GSE's loan portfolio size and composition, the performance of the portfolio, and...
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As a follow-up to a story we published last week regarding the eviction of renters from foreclosed homes , we are happy to now report that Fannie Mae has become the first lender to review and reverse its eviction policies. Many big lenders immediately move to evict tenants from homes following the completion...
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Mortgage finance giants Fannie Mae and Freddie Mac revealed Thursday afternoon they will work to keep Americans in their homes, announcing a suspension on foreclosures starting Nov. 26, 2008 until Jan. 9, 2009. The two companies said no evictions will take place during that time period. Furthermore,...
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Government-sponsored enterprises Fannie Mae and Freddie Mac are expected to announce a program to help homeowners modify loans and prevent foreclosures , according to the Wall Street Journal, who cited unnamed U.S. officials. The program, expected to be announced at 2 p.m. EST, would be an extension...
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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...
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Fed Governor Randall Kroszner said rising mortgage foreclosures are an " urgent problem " and called on Congress to pass a Fannie Mae and Freddie Mac regulatory bill. Speaking at the NeighborWorks America Symposium in Cincinnati on Wednesday, Kroszner said foreclosures lead to a loss of one-fifth to...
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Fed Chairman Ben Bernanke said accelerating rates of foreclosures and delinquencies can have a significant impact on the economy and called for more to be done in order to prevent them. Speaking Monday night at the Columbia Business School's 32nd annual dinner, Bernanke said the rate of foreclosures...