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Fannie Mae

A collection of news and information related to Fannie Mae published by this site and its partners.

Top Fannie Mae Articles

Displaying items 109-120
  • The housing market is still a drag on the economy--but why?

    The housing market is still a drag on the economy--but why?
    Housing has stood out as the sick man of the U.S. economy in bad times and better times. For all its work on economic stimulus in various forms, the Obama administration has never been able to get its hands around a solution for the housing crash. That'...
  • How Canada is not like the United States: Home mortgage edition

    How Canada is not like the United States: Home mortgage edition
    Those of us who write about the housing market and the virtues of the 30-year fixed home loan -- as we did Wednesday -- can calibrate our watches by how long it takes a reader to respond as follows: "Hey, Canada doesn't have 30-year fixed mortgages, and...
  • CFPB's new 'qualified mortgage' rule now in effect

    By Ilyce Glink and Samuel J. Tamkin This week, the Consumer Financial Protection Bureau's (CFPB) new qualified mortgage (also known as the ability-to-repay) rule went into effect. The new rule is about helping borrowers understand the true costs of...
  • Banks embracing a housing-bubble favorite: interest-only loans

    Most of the risky mortgages that triggered the financial crisis have disappeared from the marketplace, and lenders will have even more reason to avoid them because of a new federal crackdown on loose lending. But one housing-bubble favorite —...
  • The new mortgage rules for this year

    Big changes are sweeping through the mortgage market this year. The new rules, created by the Consumer Financial Protection Bureau (CFPB) as mandated under the Dodd-Frank Act, ban some of the lending practices that contributed to the housing boom and...
  • Rachel Marsden: Transparency must accompany financial oversight

    PARIS -- On the occasion of President Obama's State of the Union address this week, marking five years since he was sworn into office with the stated primary objective of turning around the post-crisis domestic economy, it's worth asking: Is America...
  • Fannie Mae worker's foreclosure kickback trial begins

     Fannie Mae worker's foreclosure kickback trial begins
    A former Fannie Mae employee accused of soliciting kickbacks from a real estate broker in return for foreclosure listings regarded the practice as commonly accepted behavior. His defense lawyers said Wednesday in a Santa Ana courtroom that the former...
  • Fannie Mae worker found guilty in foreclosure kickback trial

    A former Fannie Mae employee was convicted late Friday of soliciting kickbacks from a broker with promises to steer lucrative listings of foreclosed homes his way. The federal court jury in Santa Ana convicted Armando Granillo of three counts of fraud,...
  • Judge OKs $8.5-billion Bank of America mortgage settlement

     Judge OKs $8.5-billion Bank of America mortgage settlement
    NEW YORK — A New York state judge has approved nearly all of an $8.5-billion settlement between Bank of America and large investors who suffered losses in mortgage-backed bonds stemming from the housing meltdown. The settlement centers around...
  • Strategies for getting a mortgage amid tougher federal rules

    WASHINGTON — The verdict was nearly unanimous at a recent hearing on Capitol Hill: The new federal "ability to repay" and "qualified mortgage" regulations that took effect Jan. 10 will make obtaining credit tougher, not easier, this year, and...
  • Malloy Fantasizes Stepping Out On Metro-North

    When it comes to trains, Massachusetts is the dad in the neighborhood who left his wife for a sleek French girlfriend. This caused other dads to wonder if they should do it too. Last week, Gov. Dannel P. Malloy, speaking on the radio, said dumping...
  • Finding ways to help young adults make their first home purchases

    WASHINGTON — Parents, grandparents and young adults know the problem only too well: Heavy student-debt loads, persistent employment troubles stemming from the recession, plus newly toughened mortgage underwriting standards are all standing in the...