Fannie Mae

Federal Regulator Rejects Mortgage Balance Reduction

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

Bank Forecloses On Widow After Husband's Death

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.

Homes, Banks, And Politics: Round 2 Of Settlement Talks

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

Ex-Freddie, Fannie Chiefs Sued By SEC

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.