|
In this section, we'll look at the ongoing trials and tribulations of the two Congressionally created organizations known as Fannie Mae and Freddie Mac since the government took them over. Click About Fannie & Freddie on the right for important background information that will help you understand these organizations.
|
|
President Obama's Refinancing Plan |
|
Written by Adam Silverman
|
|
Friday, 27 January 2012 02:50 |
|
On Tuesday, President Barack Obama gave his State of the Union Address to Congress and the nation. It was an uplifting speech that ultimately reminded the American people why the United States is a great country to live in and provided hope for a brighter future. It also contained a proposal for mortgage relief from those struggling to make their monthly payments.
|
|
Read more...
|
|
Government Involvement in the Housing Market Strengthens and Weakens |
|
Written by Adam Silverman
|
|
Wednesday, 04 January 2012 04:25 |
|
Since the bailout of Fannie Mae and Freddie Mac in 2008, Democrats and Republicans have been at odds concerning government control of the housing market. Congress, through three provisions stuck in the legislation that extended the payroll tax cut two months, has recently supported both of their views by simultaneously withdrawing and deepening government control in the housing market.
|
|
Read more...
|
|
Fannie and Freddie Sue 17 Banks for $196 billion |
|
Written by Adam Silverman
|
|
Wednesday, 07 September 2011 01:26 |
|
A few days ago, the Federal Housing Finance Agency (FHFA) filed a lawsuit against 17 banks that sold mortgages to Fannie and Freddie. The lawsuit, which will grant the GSE’s $196 billion if all charges are met, is based upon suspicion that the banks intentionally mislead Fannie and Freddie into thinking that the mortgages bought were more stable than they really were.
|
|
Read more...
|
|
Credit Rating Agencies and the Housing Market |
|
Written by Adam Silverman
|
|
Saturday, 20 August 2011 04:20 |
|
The housing bubble burst because of many known and unknown factors. We know that one primary cause of the crisis was due to the offering of mortgages to sub-prime borrowers (those without the steady, significant income). This is just a bad idea where it's only a matter of time until the borrower stops paying.
|
|
Read more...
|
|
|
Denying Mortgages to Women on Maternity Leave |
|
Written by Adam Silverman
|
|
Tuesday, 14 June 2011 03:04 |
|
When a person owns a mortgage, she must keep her level of income at least equal to the amount it was when she took on the mortgage. This is to ensure that she meets her monthly payments.
|
|
Read more...
|
|
New Book Blames Former CEO of Fannie for Financial Crisis |
|
Written by Adam Silverman
|
|
Tuesday, 31 May 2011 00:48 |
|
When people speak of the financial crisis, it is difficult to single-out one main cause of the collapse. Banks, Wall Street, borrowers, Congress, and many other players all had their influence in some form or another. However, according to Gretchen Morgenson and Josh Rosner, co-authors of the new book Reckless Endangerment, the main culprit of the financial crisis was the former CEO of Fannie during the 1990's, James Johnson.
|
|
Read more...
|
|
|
Fannie and Freddie Are Changing...Right? |
|
Written by Adam Silverman
|
|
Sunday, 22 May 2011 21:28 |
|
Fannie and Freddie are facing a transformation…or are they? A new Republican plan to change them isn’t much different from what they are now. Currently, they buy mortgages from banks and then sell them to investors with a federally backed guarantee. Let’s take a look at what the new bill will do.
|
|
Read more...
|
|
Fannie Asks for Billions... Again! |
|
Written by Adam Silverman
|
|
Sunday, 08 May 2011 00:00 |
|
Last week, Fannie asked the government for $8.5 billion to cover losses incurred during the first three months of 2011. So far, the company has requested almost $100 billion from the federal government, which is putting it in AIG bailout territory. The government has estimated that it will cost $259 billion in total to cover all of the losses that Fannie Mae will incur.
|
|
Read more...
|
|
|
|
|
|
|
Page 1 of 8 |
