Fannie Mae Penalizes Homeowners Who Walk Away From Their Mortgage
Mortgage giant Fannie Mae announced plans this week to institute a new rule penalizing homeowners who walk away from their mortgages. If homeowners are able to afford home payments, Fannie Mae says...
View ArticleSeeing the Signs of a Wrecked Housing Market
The statistics are staggering. Nearly 528,000 homes were taken over by lenders in the first half of this year and the country is on track to see the repossession of one million homes by the end of...
View ArticleGovernment's Role in Country's Ever-Collapsing Housing Market
The number of foreclosures on houses in the United States is growing at a rapid rate. The signs of a broken housing market have permeated nearly the entire country. With the federal government now in...
View ArticleListeners Respond: Home Ownership
Yesterday we discussed home ownership in America. In the past, owning your own property was a major component of the American dream. However, these days there are a lot of reasons to avoid buying a...
View ArticleBank of America Settles with Freddie and Fannie Over Mortgage Dispute
Bank of America announced a $2.8 billion settlement with Freddie Mac and Fannie Mae on Monday. The American-owned firms demanded that Bank of America buy back mortgages whose quality was misrepresented...
View ArticleMajor Mortgage Shift on the Horizon?
The Obama administration is weighing a decision that could fundamentally change the way Americans buy houses. Wells Fargo, JPMorgan Chase and other large banks are pressing the Treasury Department to...
View ArticleHow Serious Are the SEC's Charges Against Fannie Mae and Freddie Mac?
Coming up, Joe Nocera, New York Times Op-Ed columnist joins The Takeaway to discuss what the SEC's charges against mortgage giants Fannie Mae and Freddie Mac really tell us about the federal agency.
View ArticlePlans to Reform Fannie Mae and Freddie Mac on the Horizon
Earlier this week President Obama announced his intent to drastically overhaul Fannie Mae and Freddie Mac.“We've got to turn the page on this kind of bubble and bust mentality that helped to create...
View ArticleLending a Hand to Fannie Mae and Freddie Mac
Wall Street Journal reporter Nick Timiraos explains what’s happened to the government-sponsored mortgage giants Fannie Mae and Freddie Mac since the fall of 2008, and why they continue to be so...
View ArticleDid Andrew Cuomo Feed the Subprime Crisis?
Welcome to Politics Bites, where every afternoon at It's A Free Country, we bring you the unmissable quotes from political conversations on WNYC. On today's Brian Lehrer Show, Village Voice senior...
View Article30 Issues in 30 Days: Getting Housing Finance Right
Welcome to Politics Bites, where every afternoon at It's A Free Country,we bring you the unmissable quotes from political conversations on WNYC. On today's Brian Lehrer Show, Dean Baker, co-director of...
View ArticleFinancial 411: The Future of Fannie Mae and Freddie Mac
Bernanke Weighs in on Economic RecoveryFederal Reserve Chairman Ben Bernanke told the House Budget Committee he is increasingly confident about the economic recovery. Looking ahead, though, he said...
View ArticleFinancial 411: Weekly Business Roundup
Mubarak's Resignation Spikes MarketsThe departure of Egypt's embattled President, Hosni Mubarak, sent markets higher today. As word of Mubarak's resignation got out around 11 a.m., there was a...
View ArticleFannie and Freddie - Not Their Fault?
Welcome to Politics Bites, where every afternoon at It's A Free Country, we bring you the unmissable quotes from the morning's political conversations on WNYC. Today on The Brian Lehrer Show, Phil...
View ArticleFannie and Freddie Fixes
Professor of real estate and co-director of the Richman Center for Business, Law, and Public Policy at Columbia Business School, Christopher Mayer delves into the new housing numbers and suggests that...
View ArticleFannie, Freddie, and Private Equity
New York Times op-ed columnist Joe Nocera discusses news about Fannie Mae and Freddie Mac and explains what private equity firms actually do--all in the context of the GOP race.
View ArticleFannie Mae and Freddie Mac Agree to Speed Up Insurance Money to Sandy Victims
Federal mortgage agencies Fannie Mae and Freddie Mac have agreed to help Sandy victims in New York get their insurance money quicker and with fewer headaches, the Cuomo administration announced...
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Sandy Victims Face Relocating, Repairs and Now ... Foreclosure
Laurie and Christopher Nunziato bought two small homes next to each other in the Midland Beach section of Staten Island in 2005. They lived in one house and rented out the other. The family hadn't...
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