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HUD Secretary Makes Case for Mortgage Write-Downs

The regulator for Fannie Mae and Freddie Mac could have a ?legal responsibility? to approve loan modifications for certain homeowners now that the U.S. Treasury has offered to share in the cost of mortgage write-downs.
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FANNIE AND FREDDIE WILL NOT LET HOMEOWNERS WRITE DOWN PRINCIPAL

Business & Finance : Business Insider: Clusterstock (2 years ago)

FANNIE MAE AND FREDDIE MAC WILL NOT WRITE DOWN MORTGAGES This news is just breaking now via Bloomberg and CNBC. What does this mean? Basically, The Treasury has been pressuring the GSEs to allow for some kind of homeowner principle ... Read Post

Fannie Mae, Freddie Mac to offer simpler, no-doc loan modifications

Business & Finance : Money & Co (2 years ago)

In a push to simplify loan modifications, many borrowers who become 90 days or more past due on mortgages backed by Freddie Mac and Fannie Mae will be offered lowered payments without having to prove hardship, the federal regulator ... Read Post

Setting the Record Straight on 97 Percent LTV Mortgages -- They Work

Business & Finance : Huffington Post: Business Blog (11 minutes ago)

Mortgage guarantor giants Fannie Mae and Freddie Mac both recently announced their intent to once again begin purchasing mortgage loans at 97 percent loan-to-value (LTV) in the case of first-time homebuyers. The result in housing po... Read Post


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