For the two weeks surrounding Christmas some lenders are halting evictions.
(Smart Money) — Homeowners who are struggling to make mortgage payments now have a new place to turn for information on programs that could help. Mortgage giant Fannie Mae has just launched a new web site, KnowYourOptions.com, that aims to help homeowners figure out the best solution to a difficult problem. But is a company that has […]
(NYPost.com) — Fannie Mae said it will need an additional $8.4 billion in aid from the Treasury Department after reporting an 11th-straight quarterly loss. The company lost $11.5 billion in the first three months of this year, it said yesterday in a Securities and Exchange Commission filing. Fannie Mae had posted $136.8 billion in losses […]
(Bloomberg) — The Federal Reserve’s completion this week of its program to buy $1.25 trillion in mortgage bonds probably won’t mean significantly higher U.S. home loan rates as investors return to the market, replacing the Fed. Fixed mortgage rates likely will rise less than a quarter of a percentage point in the next three months, the smallest […]
The administration is targeting stronger consumer protections and explicit guarantees for any government backstop of mortgages.
Government incentives for home ownership can easily turn sour for taxpayers.