Rep. Maxine Waters, the ranking Democrat on the House Financial Services Committee, has introduced a bill intended to increase protections for homeowners facing possible foreclosure. The bill would increase the Federal Housing Finance Agency's oversight of mortgage servicers that conduct business with the government-sponsored enterprises Fannie Mae and Freddie Mac. Foreclosure News
Federal Housing Finance Agency Director Melvin L. Watt focused much of his speech to the National Association of Real Estate Brokers on its five-year goal of creating two million new Black homeowners. The numbers don't lie, Watt said. Foreclosure News
April data from the Federal Housing Finance Agency indicates that, once again, there was no moderation in the pace of home price increases . FHFA's Housing Price Index , which is based on loans sold to or guaranteed by the two GSEs, Fannie Mae and Freddie Mac, increased 0.7 percent from March. Foreclosure News
The Federal Housing Finance Agency last week cited building a new single-family securitization infrastructure as one of its 2017 goals for Fannie Mae, Freddie Mac and Common Securitization Solutions, the limited-liability company developing the necessary technology to issue single securities. The other two goals noted in the FHFA's 2017 scorecard include reducing taxpayer risk and […]
An estimated 33,000 delinquent Fannie Mae and Freddie Mac borrowers may be eligible for a new one-time principal reduction An estimated 33,000 delinquent Fannie Mae and Freddie Mac borrowers may be eligible for a new one-time principal reduction program that could help them avoid foreclosure of their homes. The Federal Housing Finance Agency announced on […]
It turns out that the housing rights protestors that interrupted a lecture earlier this week at Harvard from Federal Housing Finance Agency Director Mel Watt aren’t the only ones pushing the FHFA to engage in principal reduction. In a letter sent this week to Watt, New York Attorney General Eric Schneiderman joins the chorus calling […]