Tag: FannieMae

  • Fannie Mae Raises Mortgage Fees

    Fannie Mae Raises Mortgage Fees

    Fannie Mae will be raising its mortgage fees this spring in an effort to cover its risk, or perhaps to make up ground for the losses it felt with the housing downturn. So although homebuyers might benefit from the lower prices on homes for sale, you'll be paying more in fees, when and if you qualify for a Fannie... Continue Reading

  • The Rise and Fall of Fannie Mae: A Timeline

    The Rise and Fall of Fannie Mae: A Timeline

    Fannie Mae and Freddie Mac were in the news a lot this year. For starters, there was the presidential summit in August, to solicit ideas for what to do with the ailing government-sponsored enterprises (GSEs for short). That was followed by midterm-election wrangling over whether to replace the struggling... Continue Reading

  • LIVE: What's a GSE? Fannie Mae, Freddie Mac Weren't the First

    LIVE: What's a GSE? Fannie Mae, Freddie Mac Weren't the First

    While the Treasury Department hosts today's conference about the future of the GSEs Fannie Mae and Freddie Mac, you may be wondering what is a GSE and how did we get into this mess in the first place? For more conference-related coverage from AOL Real Estate, read these columns by housing experts Alyssa Katz,... Continue Reading

  • HAMP Investigation Requested by Rep. Spencer Bachus

    HAMP Investigation Requested by Rep. Spencer Bachus

    More and more lawmakers are declaring the federally funded HAMP mortgage modification program a failure. Rep. Spencer Bachus (R.-Ala.), the ranking Republican on the Financial Services Committee (at left in photo), thinks he knows why. Bachus delivered a letter to committee chairman Barney Frank (D.-Mass.)... Continue Reading

  • Fannie Mae Registers $1.2 Billion Loss, Smallest Since 2007

    Fannie Mae Registers $1.2 Billion Loss, Smallest Since 2007

    The housing market is still ailing, but Fannie Mae is slowly recovering, another indicator that the overall picture for real estate is improving ever so slightly. For the second quarter of 2010, Fannie lost $1.2 billion, compared to the $14.8 million loss it filed in the same quarter of 2009. The prospects of... Continue Reading

  • Hank Paulson: Homeowner Incentives Should Roll Back

    Hank Paulson: Homeowner Incentives Should Roll Back

    Former Treasury Secretary Henry "Hank" Paulson published an op-ed piece in the Washington Post on Friday in which he suggested that any major overhauls of Fannie Mae and Freddie Mac should be delayed until the housing market stabilizes. At that point, Paulson believes the government should roll back financial... Continue Reading

  • Energy Efficiency Loans Lose the Backing of Fannie Mae and Freddie Mac

    Energy Efficiency Loans Lose the Backing of Fannie Mae and Freddie Mac

    Homeowners looking for a hand with energy efficiency just got dealt a big blow – and the fallout could affect everyone looking to take out a mortgage. As the Wall Street Journal reports, the federal regulator that oversees Fannie Mae and Freddie Mac announced this week that it will not permit homeowners... Continue Reading

  • Fannie and Freddie, Please Don't Change!

    Fannie and Freddie, Please Don't Change!

    Two gigantic companies, Fannie Mae and Freddie Mac, contributed to the housing crash and the near collapse of the banking system. So, now that we are reforming the financial system, what should we do to punish or reform these two mortgage giants? Nothing, for the most part. Fannie Mae and Freddie Mac should... Continue Reading

  • The Bling Bubble: Cash buyers outbidding rivals

    The Bling Bubble: Cash buyers outbidding rivals

    For a while, home buyers had it good: Nose-diving prices, tax credits for repeat and first-time buyers extended into 2010, incentives from builders and concessions from sellers. But with many markets bottoming out around the U.S., property virgins and pros alike are bumping up against a growing wave of... Continue Reading

  • Fannie-Freddie II: The Wrath of Obama

    Fannie-Freddie II: The Wrath of Obama

    So why did the Obama Administration last week increase the amount of Fannie Mae and Freddie Mac losses it would cover from the previous limit of $400 billion to the new limit of infinity? In the simplest terms, it was to reassure investors like China or Saudi Arabia who have bought or might buy in the future the... Continue Reading

  • Fannie & Freddie: More Than Politics As Usual

    Fannie & Freddie: More Than Politics As Usual

    Last week, just before Christmas, the Obama Administration quietly increased the amount of losses it would cover at Fannie Mae and Freddie Mac -- the two Federally-chartered (and now controlled) securitizers of home mortgages -- from a combined $400 billion to infinity. I'm going to look at this move in two... Continue Reading

  • Showdown for Fannie & Freddie

    Showdown for Fannie & Freddie

    The epic drama of Wall Street bailouts and Main Street foreclosures riveted the nation in 2009. Meanwhile, financial industry groups and Washington policy advocates have been prepping for the big story of 2010: The fight over the future of Fannie Mae and Freddie Mac -- and with them, the fate of the 30-year,... Continue Reading

  • The Week-End Wrap

    The Week-End Wrap

    Pay attention! Did you miss this week's top posts on RentedSpaces? Shame on you. - The scene of the crime: Tiger Woods' new mansion (left) and why we think it may have been the root cause of his accident. - A $20 dinner party challenge - yes, really. - "Prime renters" are moving in with mama because of the... Continue Reading