Highlights
A collection of news and information related to Fannie Mae published by this site and its partners.
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Short sales routinely show up in credit reports as foreclosures
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...
Tags: Consumers, Mortgages, Foreclosures, Services and Shopping, Federal Housing Administration
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Obama nominates Rep. Mel Watt to head Housing Finance Agency
WASHINGTON — President Obama nominated Democratic Rep. Mel Watt to be the top regulator for Fannie Mae and Freddie Mac, moving to replace a career bureaucrat who has been sharply criticized by liberals for not doing more to help troubled homeowners....
Tags: Politics, Mortgages, Barack Obama, Parties and Movements, Republican Party
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Obama to nominate Democratic Rep. Mel Watt to head housing agency
WASHINGTON -- President Obama will nominate Democratic Rep. Mel Watt to head the federal housing agency that oversees taxpayer-owned Fannie Mae and Freddie Mac, a White House official said Wednesday. Watt, an 11-term congressman from North Carolina,...
Tags: Politics, Barack Obama, U.S. Senate, Bob Corker, Finance
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Freshman senator with senior pluck takes on the financial industry
WASHINGTON — Sen. Elizabeth Warren, the newest member of the Senate Banking Committee, waited patiently for her first chance to question top financial regulators at a recent hearing on Capitol Hill. When her turn finally came after 90 minutes,...
Tags: Banking, Politics, Litigation and Regulation, Parties and Movements, Ben Bernanke
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Lew says Fannie Mae payment helps delay debt limit until Labor Day
WASHINGTON -- A nearly $60-billion dividend payment to the government by taxpayer-owned Fannie Mae will help push off the effective date on which the U.S. would hit its debt limit until at least Labor Day, Treasury Secretary Jacob J. Lew said Friday....
Tags: JPMorgan Chase & Co., Politics, Holidays, Jack Lew, Parties and Movements
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Fannie Mae to pay U.S. $59.4 billion after record quarterly profit
WASHINGTON -- Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year. The fortunes of the company, which is 80% owned by taxpayers...
Tags: Federal Bailout Funds, Economy, Business and Finance, Freddie Mac, Financial and Business Services, Finance
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Loan underwriters make 'absurd' demands in effort to verify data
Did you hear about the loan underwriter who demanded a letter from the borrower's doctor stating the borrower had been healed and his illness would not come back? How about the underwriter who wanted a verification of employment from the borrower who...
Tags: U.S. Department of Veterans Affairs, Mortgages, Economy, Business and Finance, Social Security, Freddie Mac
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Obama nominates new heads of FCC and federal housing agency
WASHINGTON -- President Obama on Wednesday nominated new heads of the Federal Communications Commission and the Federal Housing Finance Agency, saying they would both help expand the economy. Obama tapped venture capitalist Thomas Wheeler to replace...
Tags: Politics, Barack Obama, Parties and Movements, Republican Party, U.S. Senate
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Lenders venturing back into subprime market
Michele and Russell Poland's credit was shot, but they managed to buy their suburban dream home anyway. After a business bankruptcy and a home foreclosure, they turned to a rare option in this era of tightfisted banking — a subprime loan. The...
Tags: Politics, Mortgages, Loans, Interior Policy, Financial and Business Services
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Federal refi program for underwater homeowners hits its stride
The Obama administration's Home Affordable Refinance Program is at last helping legions of American homeowners with upside-down mortgages. Nearly 1.1 million homeowners with little or no equity were able to refinance last year under HARP, which...
Tags: Politics, Mortgages, Economy, Business and Finance, Freddie Mac, Interior Policy
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Lifestyle is keeping budget goal out of reach
Dear Liz: My husband and I are recovering from a job loss four years ago. We used up all our savings and home equity. My husband is now employed, but we are struggling to keep ahead even with a salary of about $100,000. I was a stay-at-home mom for the...Tags: Politics, Mortgages, Personal Finance, Federal Housing Administration, Interior Policy
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Foreclosure-relief funds earmarked for California mostly unspent
A federal foreclosure-prevention effort that earmarked nearly $2 billion in taxpayer money to help troubled California homeowners has delivered only about one-sixth of that money in three years. But officials from the Keep Your Home California program...
Tags: Banking, Federal Bailout Funds, U.S. Department of the Treasury, Mortgages, Foreclosures
May 17, 2013
|Story| Los Angeles Times
May 2, 2013
|Story| Los Angeles Times
May 1, 2013
|Story| Los Angeles Times
May 10, 2013
|Story| Los Angeles Times
May 10, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| Los Angeles Times
May 3, 2013
|Story| Los Angeles Times
May 1, 2013
|Story| Los Angeles Times
Apr 27, 2013
|Story| Los Angeles Times
Apr 26, 2013
|Story| Los Angeles Times
Apr 26, 2013
|Column| Los Angeles Times
Apr 22, 2013
|Story| Los Angeles Times
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