| Bernanke urges action to heal US housing markets |
Taipei TimesBernanke laid out a few ideas from a recent Fed white paper on housing, but steered clear of the more controversial options, such as expanding the reach of government-controlled mortgage firms Fannie Mae and Freddie Mac to spur more refinancing.
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| Pick of the day |
Columbus Ledger-EnquirerIt was Trent Lott, not Newt, who made the Strom Thurmond comment, and Newt was on Freddie Mac's payroll, not Fannie Mae's. Not much difference there. Madame Mayor needs to read our local newspaper about all the new businesses coming to Columbus, ...
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| Today's Real Estate Reality: How We Got Here |
IRAThe mortgage lending industry had unlimited funding available as a result of Fannie Mae, Freddie Mac and others wanting to originate and then sell as many mortgages as possible. This greed then spiraled into a new breed of mortgages being offered that ...
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| Mortgage aid will miss many homeowners |
Middle East North Africa Financial NetworkYou owe more on your mortgage than your house is worth, but your loan is owned by Fannie Mae or Freddie Mac. Can you get your loan amount cut? No. Your mortgage is owned by a bank other than the five in the settlement. Are you eligible?
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| Heller Introduces the Keeping Families in Their Home Act |
PoliticalNews.me (press release)(Washington DC) – US Senator Dean Heller (R-NV) introduced the Keeping Families in Their Home Act, legislation that would allow banks, Fannie Mae and Freddie Mac to offer long-term leases for foreclosed homes. The legislation is designed to give ...
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| Heller bill would let people losing homes rent with hope of regaining ownership |
Las Vegas Review-JournalDean Heller, R-Nev., allows banks AND Fannie Mae and Freddie Mac to enter leases for up to five years with foreclosed occupants or other renters. After five years, tenants could have an option to buy the home if their fortunes have recovered.
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| Harney: Reviewing Obama's mortgage refinance plan |
The Seattle TimesGoing nowhere: If you've got an underwater mortgage that isn't owned or guaranteed by Fannie Mae or Freddie Mac, the president's marquee proposal to help you refinance into a 4 percent mortgage is not likely to be of assistance.
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