Judge Rules Non-Judicial Fannie Mae Foreclosures Are Unconstitutional

Federal Judge In Rhode Island Rules Non-Judicial Fannie Mae Foreclosures Violate US Constitution MFI-Miami lawyers and lawyers in non-judicial foreclosure states have been arguing that non-judicial Fannie Mae foreclosures are unconstitutional. Up until this past August, we have had limited success. One of the roadblocks has been the question of Fannie Mae and Freddie Mac’s current […]

Struggling Homeowners Are Shouldering The Responsibility Of U.S. Deficit

No Fannie/Freddie Mortgage Write-Downs For Struggling Homeowners Means More Cash For Uncle Sam   Since the housing crisis began in 2007, the major banks and the major servicers have paid nearly $130 Billion in fines and court settlements to settle mortgage fraud issues with Fannie Mae and Freddie Mac. These settlements have brought Fannie Mae […]

Fannie Mae & Freddie Mac Are Cash Cows For U.S. Taxpayers

Perplexes Anti-Government GOPers Jim Puzzanghera, LA Times Federal officials swooped in to rescue mortgage finance giants Fannie Mae and Freddie Mac in 2008 with the largest of all the financial crisis bailouts — a combined $187.5 billion — because they were considered too big to fail. Now, despite bipartisan support to shut them down, Fannie and Freddie may prove […]

Hasta La Vista, Eddie Baby! Senate Confirms Watt As FHFA Director

U.S. Senate confirms Mel Watt as next FHFA director Kerri Ann Panchuk, Housing Wire It’s official: Congressman Mel Watt, D-N.C., will lead the Federal Housing Finance Agency after the U.S. Senate confirmed his nomination Tuesday afternoon. Senators confirmed Watt as Ed DeMarco’s replacement, with a majority of the chamber’s legislators voting in Watt’s favor. The congressman easily […]

Ousted Fannie Chair Says Fannie Collapsed Because Of Right Wing Politics

Paul Davis, American Banker An overhaul of Fannie Mae and Freddie Mac continues to draw chatter in Washington, prompting a number of people to break long-held silence on the legacy of the government-sponsored enterprises. Adding his voice to the conversation is former Fannie Mae CFO Timothy Howard, who was ousted in late 2004 along with then-CEO Franklin Raines. […]

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