RE-INSIDER UNCOVERS FREDDIE MAC SUPPORTING OFF-SHORING OF AMERICAN JOBS
March 8, 2010 Posted by Serena Ehrlich
Los Angeles, CA - March 8, 2010 - (RealEstateRama) — RE-INSIDER.com, the site dedicated to tracking abuses in the California real estate industry, has determined that new activities by tax-payer supported, Freddie Mac, are not aligned with President Obama’s current US jobs program as declared in his January 2010 State of the Union Address, to help keep the American worker employed
FHFA Refinance Report Shows Refinance Volumes Dropped in September; Mortgage Rates Still Higher than the Spring
November 3, 2009 Posted by FHFA
Washington, DC - November 3, 2009 - (RealEstateRama) — Fannie Mae and Freddie Mac refinanced more than 3.5 million mortgage loans in 2009 through September of this year. In the month of September, 262,000 mortgages were refinanced—a drop from the volume of the preceding month— with mortgage rates still higher than levels observed in the spring. The numbers were announced today by Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency (FHFA), in its monthly report on Enterprises’ refinance volumes and the Administration’s Making Home Affordable Refinance Program (HARP)
MBA, NAR and NAHB Send Letter to Congressional Leadership Calling for Extension of Existing GSE and FHA Loan Limits
October 27, 2009 Posted by MBA
October 26, 2009 - (RealEstateRama) — On Monday, October 26, 2009 the Mortgage Bankers Association (MBA), along with the National Association of Realtors (NAR) and the National Association of Homebuilders (NAHB) sent a letter to House Speaker Pelosi, House Minority Leader Boehner, Senate Majority Leader Reid and Senate Minority Leader McConnell calling for an extension of the current loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA). The current limits are slated to expire after December 31, 2009.
Fannie Mae and Freddie Mac Implement HAMP During Second Quarter; Trial Loan Mods Ramp Up as Completed Loan Mods Decline
October 2, 2009 Posted by FHFA
Washington, DC - October 2, 2009 - (RealEstateRama) — The Federal Housing Finance Agency released its second quarter Foreclosure Prevention Report, which shows that trial loan modifications under the Administration’s Home Affordable Modification Program (HAMP) announced in March are rising steadily. This development explains why completed loan modifications have slowed. The data were released by Edward DeMarco, Acting Director of the Federal Housing Finance Agency, as part of the report for the second quarter of 2009, which now includes cumulative data from HAMP
Federal Housing Finance Agency Report Shows Refinance Volumes on the Rise for Fannie Mae and Freddie Mac
August 13, 2009 Posted by FHFA
More than 2.9 Million Loans Refinanced. Washington, DC - August 13, 2009 - (RealEstateRama) — Fannie Mae and Freddie Mac refinanced more than 2.9 million mortgage loans in 2009 through July of this year. Since the inception of the Making Home Affordable Refinance Program (HARP) in April, Fannie Mae and Freddie Mac refinanced almost 1.9 million mortgage loans through July. The numbers were announced today by James B. Lockhart, Director of the Federal Housing Finance Agency, in the first monthly report on Enterprises’ refinance volumes and the Administration’s Making Home Affordable Refinance Program.
FHFA Reports Fannie Mae and Freddie Mac Foreclosure Prevention Efforts for May
August 4, 2009 Posted by FHFA
Washington, DC - August 4, 2009 - (RealEstateRama) — Federal Housing Finance Agency Director James B. Lockhart today released FHFA’s latest Foreclosure Prevention Report detailing actions taken by Fannie Mae and Freddie Mac to prevent unnecessary foreclosures and keep people in their homes. The report includes loan modification data under FHFA’s Streamlined Modification Program, which was initiated in November 2008 but ended in April 2009. This report does not include data on refinancings or modifications from the Administration’s Making Home Affordable Program announced in March 2009. The report shows that as of May 31, 2009, of the Enterprises’ 30 million residential mortgages
FHFA Reports Fannie Mae and Freddie Mac Foreclosure Prevention Efforts for April
July 15, 2009 Posted by FHFA
Washington, DC - July 15, 2009 - (RealEstateRama) — Federal Housing Finance Agency Director James B. Lockhart today released FHFA’s latest Foreclosure Prevention Report detailing actions taken by Fannie Mae and Freddie Mac to prevent unnecessary foreclosures and keep people in their homes. The report includes loan modification data under FHFA’s Streamlined Modification Program, which was initiated in November 2008 but ended in April 2009. This report does not include data on refinancings or modifications from the Administration’s Making Home Affordable Program announced in March 2009. The report shows that as of April 30, 2009, of the Enterprises’ 30 million residential mortgages
FHFA Authorizes Fannie Mae and Freddie Mac to Expand Home Affordable Refinance Program to 125 Percent Loan-to-Value
July 1, 2009 Posted by FHFA
Washington, DC - July 1, 2009 - (RealEstateRama) — The Federal Housing Finance Agency has authorized Fannie Mae and Freddie Mac to expand the Home Affordable Refinance Program (HARP) to homeowners who are current on their mortgage payments from the present loan-to-value ratio ceiling of 105 to 125 percent. With these expanded refinance opportunities, qualified borrowers whose mortgages are currently owned or guaranteed by Fannie Mae and Freddie Mac will be allowed to refinance those loans according to the terms of the Home Affordable Refinance Program established earlier this year
Fannie Mae and Freddie Mac Loan Modifications Up By More Than 50 Percent in First Quarter
June 25, 2009 Posted by FHFA
Washington, DC - June 25, 2009 - (RealEstateRama) — Fannie Mae and Freddie Mac modified nearly 37,000 loans during the first quarter of 2009. It is an increase of 57 percent over the fourth quarter of 2008 and more than double the number of modifications in the first quarter of last year. The data were released by James B. Lockhart, Director of the Federal Housing Finance Agency, as part of the Foreclosure Prevention Report for the first quarter of 2009.
A Vital Mortgage Market Needs Fannie Mae, Freddie Mac
June 4, 2009 Posted by NAR
WASHINGTON, DC - June 4, 2009 - (RealEstateRama) — A secondary mortgage market model that includes some level of government participation is necessary to ensure affordable and available home mortgages. That is the message the National Association of Realtors delivered during a House Financial Services Subcommittee hearing today
