The Federal Housing Finance Agency (FHFA) has introduced a new deferral repayment option for people with mortgages backed by Fannie Mae and Freddie Mac. If you pause mortgage payments due to the coronavirus, you can request to repay in one lump sum at the end of your loan term. You’ll […]
At 9 a.m. ET, the Federal Housing Finance...
Data form October.
The Federal Housing Finance Agency (FHFA) has announced a $US5.1 billion settlement with JPMorgan Chase over mortgage claims from the financial crisis. This is less than was previously expected. It was reported that the bank may have to pay $US6 billion. From the press release [.PDF]: Washington, DC — The […]
Six investigations from the Department of Justice alone.
Expectations were at 0.6%
The absurdity of this fiscal cliff debate ignores vital questions. Does the federal government allocate resources well, or poorly? Does the private market do it better, or worse? And what should be the balance between the two? With what degree of regulation by the government? These are profound questions about […]
This man is Ed DeMarco.
[credit provider=”FHFA” url=”http://www.fhfa.gov/Default.aspx?Page=67″] Yesterday Federal Housing Finance Agency head Ed DeMarco rejected a program that would allow principal reduction for underwater homeowners. The program would have been backed by a Treasury subsidy for every dollar of loan reduction.
In a letter to the Senate, Federal Housing and Finance Agency (FHFA) acting director Edward DeMarco announced that the agency will not forgive principals for underwater borrowers under the Home Affordable Modification Program- Principle Reduction Alternative (HAMP-PRA).
After relative immunity to job cuts through the recession, federal employees are finally feeling the pain.
Pending court approval, Lehman Brothers Holdings will pay out $40 million to investor groups to settle damage claims totaling $7.7 billion, reports Reuters.
[credit provider=”AP Photo/Susan Walsh”] President Barack Obama will trumpet the new mortgage refinance rules announced today by the Federal Housing Finance Agency — but his administration admits it has no idea how many people they will help.The new rules eliminate the loan-to-value ceiling under the Home Affordable Refinance Program allowing more underwater […]
[credit provider=”The White House/Pete Souz” url=”http://www.whitehouse.gov/photos-and-video/photogallery/april-2011-photo-day”] The Federal Housing Finance Agency just announced its changes to the Home Affordable Refinance Program (HARP), which serves as the backbone of President Barack Obama’s new housing plan.HARP programs have helped 894,000 borrowers through August — a far cry from the 3-4 million Obama promised in 2009. […]