Fannie Mae News

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 .

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.

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.

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

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.

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

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.

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.

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

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

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.

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

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.

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

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.

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.

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.

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.

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.

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)