Fannie and Freddie Planning to Aide Lenders

Mortgage insurers Fannie Mae and Freddie Mac are planning aide to mortgage lenders.  The plan is to create a program to help independent mortgage banks get access to short term credit needed to make home loans.
Fannie Mae and Freddie Mac will provide advance commitments for the purchase of home mortgages that meet specific standards.
The intent [...]

More Changes Ahead for Freddie Mac and Fannie Mae

A proposal released Wednesday by the Mortgage Bankers Association is asking congress to split Freddie Mac and Fannie Mae.  The proposal outlines a detailed plan for restructuring the U.S. mortgage market by establishing a “proposed framework for a refined government role in the secondary mortgage market designed to ensure [...]

More Foreclosures Imminent

Assistant Secretary to Financial Stability,  Herbert Allison,  reported to the Senate Panel that the Government is considering a proposal to allow homeowners to remain in their homes as renters after foreclosure proceedings have ended… an attempt by the current administration to address the abundance of vacant homes across the country.
Freddie Mac launched a similar program [...]

Treasury May Buy Mortgage Debt

A plan being lobbied to the U.S. Treasury involves them buying mortgage debt in hopes of driving  mortgage interest rates down to 4.5% .  The plan has yet to be announced officially.
The Treasury would buy mortgage backed securities from Fannie Mae and Freddie Mac.

• Recent Posts

  • Is The Canadian Housing Market Sustainable?
  • ‘Seasonality Disorder’ In The Housing Market?
  • FTC Proposes Up-Front Fee Ban for Mortgage Modifications
  • Coalition Proposes Mortgage Principal Reduction Plan
  • FHA Announces Tighter Restrictions On Lending

• Sponsored by

• Archives

  • 2010
  • 2009
  • 2008

• Blogroll

  • Debt Consolidation Solutions