The federal government will soon begin selling government-owned foreclosed properties in bulk to investors as rentals, in a new effort to dispose of its growing portfolio of distressed properties.
Freddie Mac, the large federally controlled mortgage guarantor, announced that it would allow unemployed borrowers to delay mortgage payments for up to 12 months under a new plan.
Three top Federal Reserve officials aggressively pushed on Friday for more stimulus for the U.S. housing market, saying the government should be looking at ways to help the sector for the purpose of speeding the country's economic recovery.
Two top Federal Reserve officials on Friday pushed the case for more stimulus from the U.S. central bank to help the economic recovery, each zeroing in on the country's weak housing market.
The average U.S. 30-year fixed-rate mortgage rate dropped to 3.91 percent, matching an all time low, in the week ending on Dec. 5, according to Freddie Mac.
The Federal Reserve released a report on Wednesday that called for changes to foreclosure processing and an expanded role for Fannie Mae and Freddie Mac to bolster the still-struggling U.S. housing market.
Richard Cordray's short time as Ohio's attorney general earned him national recognition as a Wall Street watchdog.
U.S. mortgage applications fell 3.7 percent in the week ending Dec. 30, compared to the week ending Dec. 16, according to the Mortgage Bankers Association (MBA).
American International Group Inc's mortgage-insurance subsidiary plans to launch a product next month that will independently review and store loan paperwork for a fee, the latest attempt to cut down on the battles between banks and insurers over bad mortgage loans.
U.S. 30-year fixed-rate mortgage rates averaged 3.95 percent in the week ending Dec. 29, according to Freddie Mac.
A series of groundbreaking (and head-scratching) bills in states from Florida and Tennessee are set to become law on New Year's Day 2012. Here's everything you need to know, from aids for illegal immigrants and abortion restrictions to Utah's ban on Happy Hour and California's move for LGBT rights, and why you should care.
As the end of 2011 approaches, the housing market is another year removed from the subprime mortgage meltdown. But the legacy of the crash remains, as homeowners, lenders, regulators and brokers alike continue to deal with falling home prices, a glut of unprocessed foreclosures and an uncertain economy.
California Attorney General Kamala Harris sued Fannie Mae and Freddie Mac on Tuesday in an effort to expand her probe into the companies' mortgage foreclosure practices.
Daniel Mudd, the former CEO of Fannie Mae, will take a leave of absence as CEO of Fortress Investment Group in the wake of an Securities and Exchange Commission (SEC) lawsuit.
The regulator for Fannie Mae and Freddie Mac is actively considering a proposal that would allow for a reduction in the outstanding mortgage debt of homeowners in Chapter 13 bankruptcy, Financial Times reported on Tuesday.
The regulator for Fannie Mae and Freddie Mac is actively considering a proposal that would allow for a reduction in the outstanding mortgage debt of homeowners in Chapter 13 bankruptcy, Financial Times reported on Tuesday.
California Attorney General Kamala Harris on Tuesday sued Fannie Mae and Freddie Mac after the mortgage companies' regulator, the Federal Housing Finance Agency (FHFA), tried to block subpoenas seeking mortgage information.
The House of Representatives on Tuesday rejected a two-month extension of the payroll tax cut passed by the Senate on Saturday, calling for a conference committee to find a middle ground between the two houses of Congress.
The Senate-passed bill is a two-month extension of the 2 percent payroll tax holiday, federal support of unemployment benefits and an extension of expiring Medicare provisions.
The U.S. Senate OK'd on Saturday a $1 trillion bill to fund the government and a two-month extension of the payroll-tax cut, capping a contentious political year while preparing the arena for a fresh battle in 2012.
Deeply divided U.S. lawmakers on Friday eked out an agreement to extend payroll-tax cuts for just two months, and only after Democrats bowed to Republican demands on a controversial oil pipeline.
After Congressional negotiators signed off Thursday night on a $1 trillion omnibus spending bill that would avert a shutdown and fund the federal government through September, lawmakers' focus returned to the ongoing negotiations over the extension of the payroll tax cut.
