Cromartie, and special guest Executive Director of Lakota Funds, Tawney Brunsch, discuss work being done to address the scarcity and limitations of homeownership and efforts underway to prepare borrowers on Native American reservations for successful homeownership through Freddie Mac’s Duty to Serve ...
aThe full story of this debacle has yet to unfold. To date there have been innumerable failures, large and small, along the entire chain of mortgage finance players - brokers, mortgage bankers, banks, investment bankers, Fannie Mae and Freddie Mac, hedge funds... and their respective regulator...
Fannie Mae and Freddie Mac have pledged hundreds of billions of dollars to finance home ownership for minorities over the next decade. The two institutions announced commitments of financing, consumer education and other efforts in response to the recent call by President Bush for private-sector ...
“As first-time investor, we were nervous and had a lot of questions about loan process and real estate investing in general. They took the time to explain how the entire process worked and made us feel comfortable in our decision to purchase rental units. If you are looking for someone ...
Freddie Mac doesn’t originate or service home mortgages. Rather, it buys home loans from banks and other commercialmortgage lenders(giving these institutions funds that they can then use to finance more loans and mortgages). These loans must meet certain standards that Freddie Mac sets. After pu...
Reports on a lawsuit filed in federal courts on behalf of pension funds for the states of West Virginia and Ohio and a pension fund for Teamsters union members, which alleged Federal Home Loan Mortgage Corp. of misleading investors about the company's financial conditions as of August 11, ...
Danielle Ulman
Pension Funds Sue Freddie MacJackie Spinner
has begun purchasing newly originated FHA/VA mortgage loans that are normally used to back Government National Mortgage Association (Ginnie Mae)securities for an interim period until Congress extends Ginnie Mae's FHA/VA guarantee authority.U.S. Newspapers...
The article focuses on efforts by hedge funds to force the U.S. Treasury to transfer the government-sponsored enterprises Fannie Mae (FaM) and Freddie Mac (FrM) back into private hands now that the organizations have become profitable. It states at the start of the global financial crisis in...