Aug 11th 2010 12:41PM
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.) requesting an... Continue Reading »
Mar 23rd 2010 12:15PM
They're just starting now? More than a year ago, the Obama administration promised to lay out the future for Fannie Mae and Freddie Mac, the two mortgage finance enterprises the U.S. government took over in 2008, after massive losses and a shareholder stampede to sell left them insolvent. Today, Treasury Secretary Timothy... Continue Reading »
Feb 25th 2010 3:55PM
Next Tuesday, March 2, was a date I'd eagerly marked on my calendar. The House Financial Services Committee, chaired by Rep. Barney Frank (D-MA), was supposed to hold a hearing on "Housing Finance and the Path to Reform, Part 1-Government and Stakeholder Perspectives." To translate that for the rest of you, Frank's... Continue Reading »
Feb 4th 2010 4:16PM
A housing smackdown is coming to Capitol Hill. Rep. Barney Frank (D-Mass.) has set March 2nd as the date for the first hearing on the future of housing finance. Though sweeping in scope, the review will surely center on the uncertain future of Fannie Mae and Freddie Mac. It won't be an easy ride for the embattled... Continue Reading »
Feb 1st 2010 3:30PM
A perfect storm is coming in the housing market. Millions of mortgages are in default or foreclosure, mortgage rates are firming and mortgage issuers are significantly raising both borrower requirements and fees. The Federal Reserve, which has been propping up the housing market by buying mortgage-backed securities, says... Continue Reading »
