Shares in Bear Stearns, Fannie Mae, Freddie Mac and other leading housing financiers plunged yesterday amid widening concerns about the health of the US mortgage market. “If liquidity is the elixir of life for any Wall Street firm, the current market certainly has the potential to be lethal,” said Kenneth Hackel, managing director of fixed-income [...]
Bear Stearns, Fannie Mae, Freddie Mac, Contrywide All In Some Sort of Trouble
March 10th, 2008 · No Comments
Tags: Foreclosure Information · Foreclosure Statistics
US Frees Fannie Mae and Freddie Mac; Democrats Move to Prevent Foreclosure via Bankruptcy
February 27th, 2008 · 1 Comment
United States regulators have ripped up longstanding restrictions on the government-sponsored mortgage companies Fannie Mae and Freddie Mac, freeing them to buy significantly more mortgages and potentially to reinvigorate the secondary market for mortgage debt. At the same time, Senate Democrats have introduced a bill that includes a controversial provision to the mortgage banking industry [...]
Tags: Avoiding Foreclosure · Mortgage Legislation · Mortgage Notes
Stimulus Plan Pushes Fannie Mae and Freddie Mac into Riskier Grounds
February 8th, 2008 · No Comments
The economic stimulus package passed by Congress last night would temporarily permit Fannie Mae and Freddie Mac to buy or guarantee mortgages 25 percent higher than an area’s median home price — to a maximum of $729,750, up from the current limit of $417,000. A federal regulator yesterday suggested that a measure that would allow [...]
Tags: Foreclosure Statistics · Mortgage Legislation · Mortgage Notes