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Fannie Mae News

News on Fannie Mae (Ticker: FNMA) continually updated from thousands of sources around the net.

Friday | PC World

Amazon Adds Washington Insider to Board

Amazon has added a Washington insider to its board of directors. Jamie S. Gorelick was elected to the board Thursday, according to a filing with the U.S. Security and Exchange Commission .

Comment?

Related Topix: Financial Services

Friday | Reuters

Bernanke urges action to heal housing markets

U.S. Federal Reserve Chairman Ben Bernanke testifies before a Senate Budget Committee hearing on the outlook for the U.S. Monetary and Fiscal Policy on Capitol Hill in Washington, February 7, 2012.

Comment?

Related Topix: Ben Bernanke, Home, Mortgage, Personal Finance, Financial Services, Foreclosures

Friday | American Banker

Fannie Hires Wells Executive to Head Customer Strategy

Fannie Mae has hired Wells Fargo mortgage executive Anthony 'Tuck' Reed as a senior executive in charge of customer strategy and support in its single-family business, according to colleagues who have been briefed on the matter.

Comment?

Related Topix: Financial Services, Personal Finance, Mortgage

Friday | Boston.com

Boston Capital: Shrinking the foreclosed real estate glut

The $25 billion mortgage settlement between five leading lenders and the attorneys general of most states is good news for a lot of people.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Housing, Financial Services, Real Estate

Friday | Vallejo Times-Herald

Californians to get up to $18 billion in settlement with mortgage lenders

A $25 billion multi-state agreement with major banks over a document signing scandal will bring struggling California homeowners badly needed help in the form of in principal reductions and other relief, California Attorney General Kamala Harris announced Thursday.

Comment?

Related Topix: California, Home, Mortgage, Personal Finance, Financial Services, Foreclosures

Thu Feb 09, 2012

The Courier-Journal

5 banks settle mortgage deal for $25 billion

Kentucky attorney Jack Conway gestures as he announces Kentucky's inclusion in the Joint State-Federal Mortgage Servicing Settlement Thursday, Feb.

Comment?

Related Topix: Home, Mortgage, Personal Finance, 9, Frankfort, KY, Banking, Financial Services, Citigroup

NJ.com

U.S. settlement with mortgage servicers will deliver nearly $838 million to N.J.

President Obama speaks about the details of a housing settlement between federal and state officials and mortgage lenders earlier today in the Eisenhower Executive Office Building in Washington.

Comment?

Related Topix: Home, Mortgage, Personal Finance, New Jersey, Foreclosures, Financial Services, Roseland, NJ

Chicago Tribune

U.S. seals mortgage settlement with top banks

Federal and state officials announced Thursday morning a $25 billion settlement of a long-running probe into allegedly shoddy foreclosure practices at the nation's five largest banks, a deal that will include more than $1 billion in assistance to former and current Illinois homeowners.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Foreclosures, Illinois, Criminal Defense Law, Law, Financial Services

Business Journal

N.C.'s Joe Smith to oversee national mortgage settlement

Joe Smith, North Carolina's Commissioner of Banks since 2002, has been appointed to oversee the $25 billion national mortgage settlement.

Comment?

Related Topix: Home, Mortgage, Personal Finance, North Carolina, Banking, Bank of America, Financial Services

Belleville News Democrat

Mortgages likely to change hands

It's a frequently asked question, and the reason is always the same: A change is needed.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Foreclosures, Financial Services, Freddie Mac

Wed Feb 08, 2012

IWS Documented News Service DAILY POS...

[Iws] Challenger: Ceo Turnover Surges in January 2012 [8 February 2012]

CHICAGO, February 8, 2012 - The new year brought a surge in turnover among the nation's chief executive officers, as 123 left their posts in January.

Comment?

Related Topix: Consulting, Challenger Gray and Christmas, Financial Services

The Huffington Post

Huffpost Fundrace -- Lobbyists Occupy Romney

The campaign of Mitt Romney raised more than $500,000 from registered lobbyists in 2011.

Comment?

Related Topix: US Politics, US News, Mitt Romney, Financial Services, Ron Paul, Republican, US House of Representatives, Blackstone Group, Advertising, New York

Pam's House Blend

Liz Warren: FHFA Must Help With Principal Write-Downs

Elizabeth Warren, the Harvard professor, consumer advocate and candidate for US Senate in Masachusetts, said today that the Federal Housing Finance Agence must increase their actions on behalf of homeowners, including principal reductions, something that the agency has resisted to this point.

Comment?

Related Topix: US Politics, US News, US House of Representatives, Barney Frank, Democrat, Michael Capuano, Stephen Lynch, Massachusetts, Financial Services, Foreclosures

Bloomberg

Mass Refi Plan Would Hurt Morgage Bonds in Pensions

A homeowner at the Neighborhood Assistance Corp. of America's "Save-the-Dream Tour" at the Colorado Convention Center in Denver.

Comment?

Related Topix: Financial Markets, Pension, Personal Finance, Financial Services, Home, Mortgage, Retirement

Examiner.com

Bank of America Putting HARP 2.0 Refinance Customers Off For 60-90 Days

A Bloomberg article yesterday reported that Bank of America is putting existing customers who call in to apply for the HARP 2.0 refinance program , onto a list for a 60-90 day call back to begin the application process, according to two anonymous sources at the bank.

Comment?

Related Topix: Financial Services, Home, Mortgage, Personal Finance

Tue Feb 07, 2012

Business Journal

Fannie Mae expands online sales of foreclosed homes

Through its HomePath program, real estate agents can now submit offers on behalf of potential buyers online, get online confirmation and track the status of their offers through the HomePath.com website.

Comment?

Related Topix: Financial Services, Real Estate

Examiner.com

Shadow Inventory Will Keep Portland Housing From Hitting Bottom This Year

I've been hearing cheery news lately in Portland real estate circles that 2012 could be the year that the housing market finally hits bottom, based upon current local inventory at 5.9 months.

Comment?

Related Topix: Foreclosures, Home, Mortgage, Personal Finance, 401K, Financial Services

American Reporter

On Native GroundTHE House of Cards Starts to Wobble

I have written often over the past few years about the house of cards that is the American economy, but the events of the past week should frighten everybody.

Comment?

Related Topix: Financial Services, Home, Mortgage, Personal Finance, Financial Markets, Foreclosures

Mon Feb 06, 2012

BusinessWeek

Mortgage Plan Is Not a Flotation Device

Pacta sunt servanda is Latin for promises must be kept. In the debate over what to do about America's mortgage mess, the pacta sunt servanda crowd is the one saying that if you owe it, you must pay it.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Housing, Foreclosures, Financial Services

Tulsa World

Reader comments

This doesn't reflect well on the the white house, didn't Obama recently approve $34.4 million in bonuses to the top six executives of Fannie Mae and Freddie Mac? Only a liberal genius would pay a bonus for failed leadership, good job Barack Obama! The shoe is on the other foot if you are on wall street or banks,Oil companies,right.some seem to ... (more)

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Related Topix: Financial Services, Home, Mortgage, Personal Finance, Opinion

Bernie Jobs

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