“HomeReady” program, borrowers with subprime credit don’t need to show that they have enough income to qualify for the mortgage they’re after — they simply have to show that all the people residing in their household put together have enough income to qualify for that mortgage. We’re...
Freddie Mac survey: Fixed mortgage rates rise, reversing courseBy E. Scott Reckard
The bailed out housing giants are an even bigger presence in the mortgage market, leaving taxpayers on the hook.
The move was designed to, "help expedite the wind down of Fannie Mae and Freddie Mac, make sure that every dollar of earnings each firm generates is used to benefit taxpayers, and support the continued flow of mortgage credit during a responsible transition to a reformed housing finance market...
The government’s twin housing behemoths—Fannie Mae and Freddie Mac—cannot simply be cut lose from government support. Like animals kept too long in captivity, Fannie and Freddie will not be able to survive in the wild.
As the government sets out to fix the problems at Fannie Mae and Freddie Mac, it must resolve the inherent conflict between shareholders and taxpayers and their undiversified business model.
Charlie was fixing a door and found that he needed a new hinge, so he sent his wife to Home Depot. At Home Depot, Mary saw a beautiful bathroom faucet while she was waiting for Walt, (the manager) to finish waiting on a customer. ...
Gingrich has said that, as an adviser, he warned Freddie Mac that its model would collapse, a warning that Romney charged today should've been made public. He went another step further and said the former House speaker should actually return the money he made from Freddie Mac....
OFHEO Director Charts a Course for Fannie Mae and Freddie Mac: Focusing on lower credit quality conforming.Collins, Brian