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Tag Archives: fannie mae

Freddie Mac posts $1.2B net income for 2Q

WASHINGTON — Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn’t requesting any additional federal aid for the period. The government rescued Freddie and larger sibling Fannie Mae in September 2008 after ...

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Gov’t bars Fannie-Freddie from reducing principal

WASHINGTON — A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure, resisting pressure from the Obama administration. The Federal Housing Finance Agency announced the decision ...

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Robert Nusgart: Understand the consequences of foreclosure

Before the housing market took such a tumble and before millions of homeowners saw equity in their homes vanish in a blink of an eye, the idea of walking away from their mortgage was inconceivable to most borrowers. Yet as ...

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Home prices rise in nearly all major U.S. cities

WASHINGTON — Home prices rose in nearly all major U.S. cities in April from March, further evidence of a housing market that is slowly improving even while the job market slumps. The Standard & Poor’s/Case-Shiller home price index released Tuesday ...

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In-House Interrogatory

This week it is all about Facebook and Twitter, even for general counsels. Asked: Our weekly question to the In-House community National Labor Relations Board Acting General Counsel Lafe E. Solomon issued his latest report on employee social media use ...

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Inspector General: Foreclosure aid program flawed

WASHINGTON — The Treasury Department rushed out a major revamp of its foreclosure-prevention program in 2010, limiting the plan’s ability to help people who are unemployed or owe more than their homes are worth, a government watchdog says. Treasury’s Hardest ...

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