Mortgage financing giants Fannie Mae and Freddie Mac are seeing a marked improvement in home values, which is significantly boosting their bottom lines even as Washington considers abolishing them. The news out of the two firms, which back the majority of U.S. mortgages, is the latest sign that the housing market may be turning a [...]
Do Fannie Mae, Freddie Mac Profits Signal Housing Market Turning a Corner?
August 9, 2012 | Posted by
No Principal Reductions for Fannie Mae, Freddie Mac Borrowers
August 1, 2012 | Posted by
Financially strapped borrowers whose mortgages are backed by Fannie Mae and Freddie Mac will not be allowed principal reductions to help save their homes from foreclosure, a decision that will impact consumers as well as communities. Federal Housing Finance Agency acting Director Edward DeMarco said Tuesday that forgiving a portion of the amount due on [...]
