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A collection of news and information related to Fannie Mae published by this site and its partners.
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For the record
Home rental program: An article in the May 26 Business section about a Bank of America program that allows some property owners to rent their homes rather than be evicted through foreclosure said a Fannie Mae "deed-for-lease" program enables occupants...Tags: Condos and Houses, Richard Ford, Entertainment, Rentals, Bank of America Corp.
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BofA tries turning distressed homeowners into renters
Unable to qualify for modifications on Bank of America mortgages, a few of California's most distressed homeowners are being offered one last chance to stay in their homes: Become renters instead.
Testing a mortgage-to-lease program in the Golden State,...Tags: Rental Service, Mortgages, Investments, G8, Economy, Business and Finance
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Retirees may find they don't qualify to refinance their mortgages
WASHINGTON — It's a mortgage problem that is likely to intensify as home-owning baby boomers by the millions shift into retirement: Although they may have significant financial assets tucked away in retirement accounts, their diminished monthly...Tags: Career and Workplace, Mortgages, Economy, Business and Finance, The Washington Post, Hartford (Hartford, Connecticut)
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BofA begins contacting distressed homeowners about principal cuts
It's not quite a check in the mail, but certain distressed mortgage borrowers at Bank of America Corp. will be happy they opened the letter anyhow. The Charlotte, N.C., lender said Tuesday it has begun contacting about 200,000 customers who have fallen...Tags: Mortgages, Economy, Business and Finance, Citigroup Incorporated, Countrywide Financial Corp., Financial and Business Services
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HUD Secretary Donovan urges Congress to make refinancing easier
WASHINGTON — Congress should quickly pass legislation to make it easier for more homeowners to refinance their mortgages, a move that could help households save money on their monthly payments and boost the housing market, Housing and Urban...
Tags: Parties and Movements, Democratic Party, Mortgages, Economy, Business and Finance, Robert Menendez
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Fannie Mae earned $2.7 billion in quarter, doesn't' seek aid
U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It's the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial...Tags: Finance, Homes, Mortgages, Economy, Business and Finance, U.S. Department of the Treasury
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BofA initiates home loan modification offers
Homeowners with a Bank of America mortgage have good reason to check their mailbox. The lender said Tuesday it has begun mailing out letters to customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged...Tags: Mortgages, Economy, Business and Finance, Citigroup Incorporated, Banking, Financial and Business Services
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Fannie Mae posts biggest profit since 2007
WASHINGTON — In a potential turning point for one of the biggest financial crisis bailouts, Fannie Mae reported a first-quarter profit and — for the first time since the government seized it in 2008 — does not need a quarterly infusion...Tags: Finance, Realty, Homes, Mortgages, Economy, Business and Finance
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A federal foreclosure lecture California can do without
Should federal officials lecture state lawmakers on policy? The general counsel for the Federal Housing Finance Agency, the regulator overseeing Fannie Mae and Freddie Mac, certainly seems to think so. At issue are two bills backed by California Atty....
Tags: Finance, Democratic Party, U.S. Department of State, Kamala D. Harris, Economy, Business and Finance
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Fannie Mae had first-quarter profit, needs no new taxpayer funds
This post has been corrected. See the note below for details.WASHINGTON — Fannie Mae on Wednesday reported a $2.7-billion profit for the first three months of the year and will not need new taxpayer money for the first time since the government seized the housing finance giant in 2008. Fannie Mae said the...Tags: Finance, Economy, Business and Finance, Freddie Mac, Financial and Business Services
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U.S. home loan regulator opposes California foreclosure bills
This post has been corrected, as indicated below.SACRAMENTO -- A pair of controversial bills in the California Legislature that would give homeowners more rights to fight foreclosures is being opposed by the nation's principal home loan regulator. The Federal Housing Finance Agency on Tuesday expressed...Tags: Finance, Mortgages, Economy, Business and Finance, Freddie Mac, Loans
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Mortgage-aid revisions paying off for lenders and some borrowers
A newly streamlined government plan to reward homeowners who diligently pay their underwater mortgages is proving a bonanza for banks, which by one estimate may pocket $12 billion in extra revenue by refinancing loans.
The revisions to the Obama...Tags: Mortgages, Economy, Business and Finance, Robert Menendez, Barbara Boxer, Finance
May 30, 2012
|Story| Los Angeles Times
May 26, 2012
|Story| Los Angeles Times
May 27, 2012
|Story| Los Angeles Times
May 9, 2012
|Story| Los Angeles Times
May 8, 2012
|Story| Los Angeles Times
May 9, 2012
|Story| AP Member Choice Complete
May 8, 2012
|Story| AP Member Choice Complete
May 9, 2012
|Story| Los Angeles Times
May 19, 2012
|Story| Los Angeles Times
May 9, 2012
|Story| Los Angeles Times
May 15, 2012
|Story| Los Angeles Times
May 9, 2012
|Story| Los Angeles Times
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