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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 61-72
  • If you tell your lender you'll occupy home, do it

    By Ilyce Glink and Samuel J. Tamkin Q: Can you list any court cases where HUD has prosecuted/filed suit against buyers of HUD houses under the owner-occupant program or where the owners of a HUD house have filed suit to be released from HUD's...
  • Chicago picked as second city for housing program

    Chicago picked as second city for housing program
    Chicago will be the second city for the federal government's Neighborhood Stabilization Initiative, Mel Watt, director of the Federal Housing Finance Agency, announced Tuesday. The pilot program, announced for Detroit in May, is designed to help...
  • Executive profile: Thomas Motamed of CNA Financial

    Executive profile: Thomas Motamed of CNA Financial
    Thomas Motamed, fresh out of law school, found the legal profession too dry. So at a friend's suggestion, he tried another field he thought might be more interesting: peddling life insurance. But that got old fast. "I really didn't like sitting...
  • Retirement: a good time to buy a getaway

    Buoyed by gains in their investments and home equity, vacation-home buyers have returned to the beaches, woods and mountains in search of bargains on vacation properties. Vacation-home sales rose 29.7 percent in 2013 from the year before, and the median...
  • Mortgage rates little changed despite economic data

    Mortgage rates little changed despite economic data
    The forces that move mortgage rates must have taken the week off because despite two good reports on the economy, borrowing costs were little changed this week. The average interest rate on a 30-year, fixed rate mortgage was 4.12 percent this week,...
  • 5 years after the Great Recession: Where are we now?

    5 years after the Great Recession: Where are we now?
    It was the worst U.S. economic calamity since the 1930s. Over 18 months, the Great Recession erased trillions of dollars in wealth, destroyed 8 million jobs and robbed tens of thousands of their homes. More than half of adults lost a job or saw a cut in...
  • City Got Worked Over In Secret Rock Cats Deal

    City Got Worked Over In Secret Rock Cats Deal
    The Rock Cats-to-Hartford deal is such a Rabelaisian feast of knavery, greed, deceit and commonplace stupidity that you almost can't use it to teach a specific lesson about government. Because nothing about the process has been worthy or truthful, it's...
  • Post-foreclosure evictions haunt some renters

    Post-foreclosure evictions haunt some renters
    The housing crisis caused thousands of renters to worry about their living arrangements as their apartment buildings went into foreclosure. But another worry may be their credit reports. In 2008, Illinois passed a law ordering that post-foreclosure-...
  • Fannie, Freddie in search of those still eligible for HARP

    Fannie, Freddie in search of those still eligible for HARP
    Amid flagging interest for the Home Affordable Refinance Program, Fannie Mae and Freddie Mac are taking their pitch on the road, with the first stop in Chicago next month. Mel Watt, director of the Federal Housing Finance Agency, is scheduled to meet...
  • Local lenders stand to gain from Wells Fargo settlement

    Local lenders stand to gain from Wells Fargo settlement
    More than 125 mortgage lenders for Wells Fargo Bank in Orlando stand to gain a slice of nearly $15 million the bank has agreed to pay to settle claims that it shorted the employees' paychecks over nearly two years, the plaintiffs said Wednesday. The...
  • L.A. City Council to vote on bolstering foreclosure registry

    L.A. City Council to vote on bolstering foreclosure registry
    A measure to strengthen Los Angeles' foreclosure registry took a key step forward Wednesday when it won the blessing of two City Council committees. The measure would add a new fee on bank-owned foreclosures to fund inspections in a bid to keep empty...
  • Apartment building foreclosures plunge in Chicago

     Apartment building foreclosures plunge in Chicago
    Foreclosure cases were filed against almost 2,800 Chicago apartment buildings with 7,700 units last year, the smallest number since the housing crisis began and a sign of the residential market's stabilization. The more than 30 percent decrease in...