FHFA Sets No-Doc Modifications for Borrowers

Clea Benson, Bloomberg Seriously delinquent borrowers with mortgages owned or backed by Fannie Mae (FNMA) and Freddie Mac will be able to reduce monthly payments without documenting finances under a program introduced by the companies’ regulator. The move announced today by the Federal Housing Finance Agency is designed to stem losses to the U.S.-owned firms by letting borrowers at […]

Fannie & Freddie Back In Black, Scheduled To Pay Back Taxpayers Faster Than Expected

Taxpayers Are Expected To Receive Another $58 Billion In Dividends Margaret Chadbourn, Reuters Revamped terms of Fannie Mae and Freddie Mac’s taxpayer-funded bailout that went into effect this year will allow the mortgage finance firms to repay the Treasury sooner than would have otherwise been the case, a federal watchdog said on Wednesday. Fannie Mae and […]

Calls For The Sacking Of Ed DeMarco Reaching Fever Pitch

10 State AGs & 45 Members Of Congress Have Joined The Chorus Of Homeowners Demanding DeMarco Be Sacked It looks like Ed DeMarco’s days of being the Acting Director of the FHFA are ending faster than he or President Obama may have thought. In what started out as a rallying cry for a handful of […]

FHFA Wants To Merge Fannie & Freddie To Create Super GSE

Steve Dibert, MFI-Miami FHFA Acting Director Ed DeMarco laid out a plan today to merge lending giants Fannie Mae and Freddie Mac into one entity and create a new GSE that could be eventually be sold off to private investors. The Government Sponsored Enterprises or GSEs  that hold nearly two-thirds of the mortgage notes in […]

Bad US mortgage loans now big business on Wall Street

Adam Tempkin, Bloomberg Delinquent and defaulting mortgage loans to struggling US borrowers have become big business on Wall Street, as investors scoop up bonds backed by non-performing loans (NPLs). With millions of borrowers still under water or facing foreclosure, real estate investment trusts (REITs) and others are snapping up NPLs at a discount, hoping to earn returns from their […]

Ready to get started?

Speak to a specialist at (888) 737-6344