The Impending Reform of Fannie Mae and Freddie Mac

According to the public listings of meetings, Treasury officials have met with executives from several leading banking institutions, including Wells Fargo, Morgan Stanley, Credit Suisse and Goldman Sachs.  Executives from these banks are proposing ideas publicly through trade groups suggesting they become the new housing and finance leaders helping to bundle individual mortgages into securities [...]

Financial Reform Building Momentum

Senator Chris Dodd, chairman of the Senate Banking Committee, took a step forward when he unveiled his plan for financial reform legislation on Monday.  The legislation introduced is a package comprised of concessions from both sides of the aisle.  A number of representatives are not satisfied with the language in the bill. A key component [...]

More Changes for Lenders as Additional Foreclosures Loom

In a series of meetings this week at the Treasury Department, government officials reached a verbal agreement with executives from 25 mortgage companies on a new goal of completing 500,000 loan modifications by November 1, 2009.  This comes in response to fears that the Obama administration will not meet their original goal of helping over [...]

• Sponsor

• Recent Posts

  • Lenders Want More Credit Information
  • Federal Reserve Targets Big Banks
  • The Impending Reform of Fannie Mae and Freddie Mac
  • Tax Credit Helps Homes Sales Increase
  • Baltimore Sues Wells Fargo, NAACP Backs Off

• Archives

  • 2011
  • 2010
  • 2009
  • 2008

• Blogroll

  • Debt Consolidation Solutions
  • Mortage Lenders