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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 97-108
  • Time to downsize? Not for baby boomers

    The baby boomer who's itching to ditch the responsibility of a single-family home and move into an apartment – now, there's a relatively rare bird. That may be something of a surprise, given the media reports and demographic prognostications that...
  • Polyana da Costa: Five housing trends for summer

    It may still be hard to find the home of your dreams with the limited inventory for sale. But at least when it comes to getting a mortgage, you might have more options as lenders loosen some of their standards. Here are some of the housing trends you...
  • Bank of America may appeal $1.27 billion award in 'Hustle' fraud case

    Bank of America may appeal $1.27 billion award in 'Hustle' fraud case
    A federal judge on Wednesday ordered Bank of America Corp to pay $1.27 billion of damages after a federal jury found the second-largest U.S. bank liable for fraud over defective mortgages sold by its Countrywide unit. The decision by U.S. District Judge...
  • 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...
  • 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...
  • Bank of America earnings tumble 43% on mortgage litigation costs

    Bank of America Corp.'s second-quarter earnings plunged 43% as the nation's second-largest bank recorded 4 billion additional reasons to regret its 2008 purchase of high-risk home lender Countrywide Financial Corp. in Calabasas. Bank of America said...
  • Freddie Mac: Mortgage rates level off, 30-year loans average 4.12%

    Freddie Mac: Mortgage rates level off, 30-year loans average 4.12%
    The cost of getting a mortgage has leveled off, with Freddie Mac saying lenders were offering 30-year fixed-rate home loans this week at an average interest rate of 4.12%. That rate is little changed from the average of 4.15% over the last 10 weeks. The...
  • 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...
  • End corporate welfare as we know it

    End corporate welfare as we know it
    Imagine that you were at home on a weekend afternoon and the doorbell rang and a representative from Boeing stood at the door with a tin cup asking you to contribute $10 to the Fortune 100 company so it can sell more products overseas. It's a good bet you...
  • Debt-to-income ratio can sink mortgage application

    Debt-to-income ratio can sink mortgage application
    WASHINGTON — For many home buyers, qualifying for a mortgage not only is a tough challenge but one that ends unhappily: They get rejected. The reasons for the turndowns typically involve multiple factors, including below-par credit scores,...
  • Citi settlement will recoup Illinois pension losses

    Illinois will receive $84 million as part of a national $7 billion settlement resolving allegations by federal and state authorities that Citigroup Inc. sold risky mortgage-backed securities that harmed investors, which included pension systems and...
  • Some homeowners miss out on housing recovery

    Some homeowners miss out on housing recovery
    Scott and Caroline Schmauderer know all the acronyms and the nitty-gritty details of the federal government's various programs to help homeowners like themselves, whose plans were derailed by the housing bust. They read up on loan modifications, but...