UBS could be the first of the European banks to pay up for misleading mortgage giants Fannie Mae and Freddie Mac over the quality of packaged mortgage backed securities sold leading up to the housing market crash.
Tag: fhfa
This Month in Finance: Good vs. Evil
The story for this month, in finance, is one foretold. Nay, it is a continuation of a story that has been unfolding for several months now. It is a classic good vs. evil battle, and the characters are “all-time low interest rates” and the “inability to access funds”.
Guess Who Is Betting Big On Short Sales? The Government!!
Earlier this week, the FHFA (Federal Housing Finance Agency) managed to get a set of new “short sale guidelines” passed by Fannie Mae, Freddie Mac, and the Mortgage Insurers with which they work. While this is great news on the surface, what does it really mean to distressed homeowners?
Fannie Mae’s CEO Michael Williams to Step Down
In a shocking turn of events Michael Williams, the current CEO of Fannie Mae, has announced that he will be stepping down from his post.
California Wants Revenge: Fannie and Freddie Back In Court!!
Could this be the first in a wave of trouble headed for the two government owned leviathans??
Life Computing – The Assimilation of Humanity Series
Life Computing Part I – The Technology: Warren Buffett buys $10.7 Billion of IBM
Examined: California’s Housing Data for the Month of September
What Does September’s Housing Data Really Mean to Our Industry?
Freddie Mac CEO Resigns, What’s Next?
Charles “Ed” Haldeman Jr. Steps Down! Freddie Mac’s Chief Executive Officer, Charles “Ed” Haldeman Jr., will be stepping down from his position by the end of the year. This unforseen, and frankly shocking, turn of events has led to much speculation regarding why he is stepping down. While the specifics aren’t yet known, and Mr. […]
FHFA Lacks the Staff to Properly Monitor Mortgage Giants
Reports indicate that the FHFA lacks the staff to adequately monitor mortgage giants Fannie Mae and Freddie Mac.