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Federal Housing Finance Agency
Latest Federal Housing Finance Agency Items
Prosecutors have asked a federal judge in North Carolina to bar those in the upcoming trial of former presidential candidate John Edwards from mentioning his poor health because of concern it could create sympathy among jurors.
Mortgage giant Fannie Mae said Wednesday that it lost money in its fourth quarter and is asking the federal government for $4.57 billion in aid to cover its deficit.
The government regulator for Fannie Mae and Freddie Mac has submitted a plan to Congress that would shrink the mortgage giants' role in the housing market.
Top Federal Reserve officials are prodding the White House and Congress to take more aggressive action to stop the free-fall in the housing market, warning that the U.S. economy will remain sluggish and vulnerable and will not fully recover until housing returns to better health.
The executive who was appointed to lead mortgage giant Fannie Mae in 2009 after the federal government seized the company plans to step down as its CEO.
As of this writing, the recently announced changes to the Home Affordable Refinance Program (HARP) have yet to be implemented by many lenders.
A government watchdog said Fannie Mae and Freddie Mac improperly foreclosed on homeowners and cost the government billions of dollars by not holding major banks to strict underwriting requirements.
The government regulator of Fannie Mae and Freddie Mac said Thursday that million-dollar bonuses paid to executives at the companies were necessary to keep the mortgage giants running.
Mortgage bankers are hailing the Obama administration's decision Monday to begin yet another attempt to help "underwater" homeowners who are current on their payments to refinance and avoid foreclosure.