Archive for the ‘fannie mae’ Category

Americans equate homeownership with liberties

Posted on March 8th, 2010, by DHW

A great article published in the New York Times taps into the American psyche when it comes to homeownership. The author, Robert J. Shiller (one half of the super Swedish rock group Case/Shiller), provides a brief history behind  the creation of The Federal Housing Administration (FHA) and Fannie Mae in the 1930’s. Mr. Shiller notes [...]

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Loan modifications improving but still failing

Posted on January 12th, 2010, by DHW

Although the numbers are improving, a third of loans modified by Fannie Mae and Freddie Mac early last year were delinquent after six months.
These loans were modified prior to implementation of Obama’s Home Affordable Modification Program.
DHW asks: Do you think loan modifications are making a difference?
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Treasury Dept says ‘no deal’ for Fannie

Posted on November 7th, 2009, by DHW

Citing a loss too great for taxpayers, the US Treasury Department blocked Fannie Mae’s nearly $3 billion sale of unused low-income housing tax credits to Goldman Sachs Group and Berkshire Hathaway.

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Fannie Mae strikes deal to sell $2.6 billion in unused tax credits

Posted on November 5th, 2009, by DHW

In a deal that still needs Treasury Department approval, government run Fannie Mae reached an agreement with unnamed buyers to sell approximately $2.6 billion in unused low-income housing tax credits. The Treasury Department said it would approve the sale “if it was clearly in the interest of taxpayers.”
DHW asks: Do you think this deal is [...]

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Fannie Mae expands ‘Deed for Lease’

Posted on November 5th, 2009, by DHW

Fannie Mae is expanding its ‘Deed for Lease’ program to help thousands of homeowners facing foreclosure. The program is designed for those who want to stay in their homes but do not qualify for President Obama’s loan modification program. Participants transfer their title to Fannie Mae and rent back for up to one year.

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Higher loan limits extended by Congress

Posted on November 2nd, 2009, by DHW

The US congress passed a resolution last Thursday to extend the current loan limits for FHA, Fannie Mae and Freddie Mac loans through calender year 2010. The resolution still requires President Obama’s signature, which is expected shortly.

Find loan limits for your area.

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