``The letter is a mistake as the information for home value is being extracted from the home appraisal in the system at loan origination.'' -- A helpful alert from Michael Nazarinia of The REST Report.
Countrywide bribed Fannie Mae and Freddie Mac senior executives with "VIP" mortgage loans. Just another perk of being in the American Dream business. Join the conversation about this story » Fannie Mae - Freddie Mac - Bank of Americ... Read Post
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
WASHINGTON (Reuters) - America's government-controlled mortgage finance giants, Fannie Mae and Freddie Mac, will likely guarantee a shrinking share of new loans over the next decade, congressional analysts said on Tuesday. During th... Read Post