Aug 27th 2012 11:30AM
One of the nation's two large government-sponsored backers of home loans recently revealed that it would tighten some of its lending restrictions for certain consumers. The company announced that it would change the requirements for both new borrowers and those who are refinancing existing home loans. Now the maximum... Continue Reading »
Aug 23rd 2012 5:50PM
Some of the most publicly reviled banks are currently industry leaders when it comes to good service, according to a report by Fannie Mae released Thursday. Fannie Mae gave three-star ratings to CitiMortgage, JPMorgan Chase, Ally Bank and Wells Fargo -- four of the five largest U.S. mortgage servicers, which were involved... Continue Reading »
Aug 14th 2012 4:30PM
By Jon Prior A Mitt Romney administration plan for a future housing finance system likely shuns any form of a government guarantee, based on the Republican presidential candidate's choice of Rep. Paul Ryan as a running mate. The Republican congressman from Wisconsin, who heads the House Budget Committee, released a plan... Continue Reading »
Aug 7th 2012 3:00PM
By Marcy Gordon WASHINGTON -- Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn't requesting any additional federal aid for the period. The government rescued Freddie and larger sibling Fannie Mae in September 2008 after massive losses on risky mortgages... Continue Reading »
A pretty, manicured home sits six doors down from Phil Faranda's in Briarcliff Manor, N.Y. To look at it, most passersby would think that the tidy house is occupied by a nice family that gives it a good amount of TLC: The lawn is mowed, the bushes trimmed, and the siding has what looks like a fresh paint job. But... Continue Reading »
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