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 […]

GOP Senators

GOP Senators Block Watt Nomination For Head Of FHFA

GOP Senators Gives No Valid Reason To Oppose Watt GOP Senators today dealt a blow to President Barack Obama’s efforts to install his own nominee as regulator of Fannie Mae (FNMA) and Freddie Mac (FMCC), blocking an effort to confirm Representative Mel Watt to the post. Republicans cited misgivings about the qualifications of Watt, a North Carolina Democrat, to lead the Federal […]

Bank of America Faces $6bn Fine for Misleading Fannie Mae and Freddie Mac

M. Rochan, International Business Times Bank of America could face a $6bn fine for allegedly misleading US mortgage agencies Fannie Mae and Freddie Mac during the housing bubble, according to a US regulator. A report by the Financial Times said that the Federal Housing Finance Agency (FHFA) is pursuing claims on behalf of the two […]

Is Bank Of America Stomping On The Rights Of Hispanic Homeowners?

Bank of America Is Illegally Taking Angel Garcia’s Home And He’s Not Alone “This is like doing business with a praying mantis. You get seduced, and then eaten alive afterwards” -Steve Jobs American banks and American businesses have been stomping on the rights of Hispanic-Americans since the U.S. annexed what is now the American Southwest […]

Florida Supremes Okay Using Magistrates For Foreclosures

Gary Fineout, Miami Herald With tens of thousands of foreclosure cases clogged in the state’s courts, the Florida Supreme Court is signing off on a plan to use lawyers – and not judges – to handle them. The court on Thursday issued an order that will allow chief judges across the state to use “general […]

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