Archives by Tag ' Fannie MAe '
By Richard Bowen They’re Back! Fannie and Freddie Ride Again It looks as if Fannie Mae and Freddie Mac have not learned from their previous enabling of banks leading to the financial crisis. In fact, it looks as if the two are still using the same business model; they are lowering even further their underwriting […]
Homeowners start preparing your Fannie and Freddie FOIA requests. A brief window to submit your request may occur prior to the GSEs being privatized again. Last week H.R. 1694 passed in the House of Representatives. This bill will make Fannie Mae and Freddie Mac subject to the requirements of the Freedom of Information Act, which […]
Mnuchin Confirms the Controversy On Fox News, Treasury Secretary Steve Mnuchin stated that President Obama engineered the Net Worth Sweep (NWS) in 2012 to divert funds from Fannie Mae and Freddie Mac to pay for Obamacare. “It is true,” Mnuchin said when asked if Fannie and Freddie profits were used to fund ACA subsidies. According […]
Author: Aly J. Yale http://www.themreport.com/daily-dose/05-01-2017/mnuchin-gses-wont-stay-long Fannie Mae and Freddie Mac should prepare for change—and sooner rather than later. According to Steven Mnuchin, the Trump administration won’t keep the status quo for long. Mnuchin discussed the GSEs and housing reform in general as part of an interview with reporter Maria Bartiromo on Fox Business’ “Mornings […]
http://www.fanniemae.com/portal/media/financial-news/2017/student-loan-debt-6546.html The massive student loan bubble the Feds created has resulted in a generation that is unable to afford a home like previous generations. Millenials are often not able to find a job that provides a living wage and the ones that bought into the hype that an over-priced college degree provides value often graduate […]
By K.K. MacKinstry/LendingLies Anyone who is trying to find out information about the trust ownership of their loan, knows that if Fannie Mae or Freddie Mac are involved- your research hits a stone wall. Homeowners who have a mortgage not secured by the GSEs are better able to determine what trust their loan was allegedly […]
Please refer to Bloomberg news for article about the Goldman Sachs/Fannie Mae non-performing loan purchases at: https://www.bloomberg.com/view/articles/2017-03-20/mortgage-math-and-sympathetic-sales
By the Lending Lies Staff Just last year Goldman Sachs entered into settlements with state and federal governments over the sale of toxic mortgage backed securities to investors while subsequently shorting the very same securities they were selling. Goldman would agree to provide $1.8 billion in debt relief to delinquent borrowers. However, since Goldman (and […]
Editor’s Note: Although the hedge funds and investors can’t claw back lost profits, perhaps they can sue on the rampant fraud committed by the GSEs. http://www.zerohedge.com/news/2017-02-21/fannie-freddie-plunge-after-court-rules-hedge-funds-cant-sue Moments ago, the stocks of the nationalized GSEs – Fannies and Freddie – tumbled by over 30%, after a federal appeals court upheld a ruling that barred hedge funds […]
By the Lending Lies Team Fannie Mae and Freddie Mac have introduced a new loan modification option called Flex Modification. This program replaces HAMP (Home Affordable Modification Program), the Standard Modification, and the Streamlined Modification. On paper, it’s designed to reduce monthly payments for troubled borrowers. In practice, it may also serve another purpose: to […]
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