House prices rose 1.9% for Q1 2013, according to a Federal Housing Finance Agency (FHFA) report (link opens as PDF) released today. These newest numbers mark the seventh straight seasonally adjusted quarterly increase in home purchase...Show More Summary
By Bryndon Fisher: When Fannie Mae ("Fannie" (FNMA.OB)) and Freddie Mac ("Freddie" (FMCC.OB)) were placed into conservatorship by the newly-created Federal Housing Finance Agency (the "FHFA") on September 7, 2008, one of the goals was...Show More Summary
The Federal Housing Finance Agency (FHFA) reported this morning that U.S. home prices rose 1.9% sequentially in the first quarter of 2013. Compared to the first quarter of 2012, the house price index gained of 6.7%. The seasonally adjusted...Show More Summary
Most Americans did not notice when President Barack Obama tapped Representative Melvin L. Watt, a Democrat of North Carolina, to become the new director of the Federal Housing Finance Agency. Created in 2008 to be an independent, “world...Show More Summary
Mel Watt, President Obama’s nominee for director of the Federal Housing Finance Agency, pushed government programs to help welfare recipients buy homes during the creation of the subprime mortgage bubble. Watt, a 20-year Member of Congress...Show More Summary
NEW YORK (Reuters) - The Federal Housing Finance Agency on Friday withdrew its conditional objection to Bank of America Corp's proposed $8.5 billion settlement with investors in Countrywide mortgage-backed securities.
Source: Bloomberg’s Chart of the Day, Federal Housing Finance Agency Here is something I never would have guessed at, via Dave Wilson of Bloomberg: If you want to be hedged against the risk of a pickup in inflation, you would be better off buying houses than gold. That’s according to Michael Hartnett, chief investment strategist at Merrill Lynch....Read More
Last summer, Federal Housing Finance Agency chief Edward DeMarco made a fatal mistake: He flatly refused to consider principal reduction on underwater mortgage loans backed by Fannie Mae and Freddie Mac. Perhaps DeMarco thought an Obama reelection wasn’t in the cards, or maybe he really was concerned about the use of public funds toward such [...]
So says Senator Bob Corker (R., Tenn.), a member of the Senate Banking Committee, of President Obama’s nomination of Representative Mel Watt (D., N.C.) to head the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie...Show More Summary
Last summer, Federal Housing Finance Agency chief Edward DeMarco made a fatal mistake: He flatly refused to consider principal reduction on underwater mortgage loans backed by Fannie Mae and Freddie Mac. Perhaps DeMarco thought an Obama...Show More Summary
On Wednesday, President Obama nominated Rep. Mel Watt, a Democrat from North Carolina, to head the Federal Housing Finance Agency (FHFA), the organization that oversees the mortgage financing giants Fannie Mae and Freddie Mac. Advocates...Show More Summary
WASHINGTON -- President Obama on Wednesday nominated new heads of the Federal Communications Commission and the Federal Housing Finance Agency, saying they would both help expand the economy.
If Obama's nominee to head the Federal Housing Finance Agency is confirmed, it will pave the way for a special election in his North Carolina district.
President Barack Obama intends to nominate Rep. Melvin Watt to head the Federal Housing Finance Agency, the government regulator that oversees lending giants Fannie Mae and Freddie Mac, a White House official said Tuesday.
(The Root) -- On Wednesday, President Obama will announce his intent to nominate Rep. Mel Watt (D-N.C.) to direct the Federal Housing Finance Agency (FHFA), a White House official told The Root. FHFA was created on July 30, 2008, when President Obama signed into law the Housing and Economic Recovery Act of 2008. Show More Summary
If you are in a home that is still underwater, you may qualify for a H.A.R.P. mortgage from the Federal Housing Finance Agency. The program that was supposed to expire[...]
Investors in Walter Investment Management are given the all-clear thanks to more accomodative policy moves by the Federal Housing Finance Agency.
A memo prepared by the New York attorney general's office says there's still a way for the White House to replace Edward DeMarco, acting director of the Federal Housing Finance Agency, despite a court ruling that seemed to limit the president's power to fill such posts unilaterally.
WASHINGTON -- The Obama administration's proposed budget projects the Federal Housing Administration will need a $943-million bailout this year to stabilize its shaky long-term finances.
UBS’ bid for dismissal of a Federal Housing Finance Agency lawsuit was denied by an appeals court. ||| New York - UBS AG’s bid for dismissal of a Federal Housing Finance Agency lawsuit was denied by an appeals court, sending toward trial claims the bank misrepresented the quality of loans tied to $6.4 billion in mortgage securities. Show More Summary