Members of Occupy Our Homes Atlanta and demonstrators from across the region marched to Fannie Mae's regional office to demand that they help homeowners having difficulties making their monthly payments.
This really is a kick in the gut to struggling homeowners. To turn this into a straight transaction analysis when underwater mortgages are such a huge drag on the economy is just plain crazy: The federal regulator for government-backed mortgage
Jennifer Britt of Detroit’s Rosedale Park is like thousands of homeowners pushed to foreclosure by economic disaster and personal loss. Jennifer exhausted her life savings and paid Flagstar more than $45,000 to keep her home after the death of her husband and the loss of her job, but Flagstar refused to modify the mortgage and foreclosed. Jennifer is working again, but Flagstar has sold the mortgage to Fannie Mae, with taxpayers footing the bill. Eviction is imminent.
On Thursday, I posted about Lilly Washington, the woman who was visiting her son in a military hospital in Germany and returned to find her home had been foreclosed, and all her belongings sent to the city dump, including her son's Purple
A Phoenix, Arizona woman is taking on two mortgage giants, Bank of America and Fannie Mae, and the case is making its way through federal court. Lilly Washington is representing herself, and seeking ownership of her home and compensation for
Now that the big settlement talks with the banks are over, and most of the reporters have gone home, not very many people are paying attention to what is going on in the financial fraud task force, or in the continuing conversations between various
Fannie Mae was repeatedly warned about mortgage and foreclosure fraud - years before their financial collapse - but did absolutely nothing to stop it. Via: Like most people, Nye Lavalle had little interest in the mortgage industry until
Nocera: Those Who Spread Lies About The Crash Make It Impossible To Address The Real Problems Behind It
Times business columnist Joe Nocera, who's sometimes a little too trusting about business, seems to have had an epiphany - namely, that the right wing message machine makes sh** up to suit themselves. He parses the construction and dissemination
The Securities and Exchange Commission charged six former executives of Fannie Mae and Freddie Mac with securities fraud on Friday for misrepresenting their holdings of high-risk mortgage loans.
Looks like Bloomberg decided to carry a little water for his fellow one percenters on Wall Street by repeating the zombie lie that Fannie and Freddie caused the subprime housing bubble -- Mayor Bloomberg: ‘It Was Not The Banks That Created The