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: Government
Mortgage Debt Forgiveness Act Extended Through 2013 for Short Sales!!!
It was just announced that the Mortgage Debt Forgiveness Act will be extended through 2013!!
Keep Your Home California (Read the Fine Print)
The federally funded ‘Keep Your Home California’ Program will soon begin efforts to help distressed homeowners. The federal agency that oversees Fannie Mae and Freddie Mac has hesitated to approve the program passing yet sees this as a way to provide a sustainable mortgage payments.
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?
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. […]
Is Boehner about to Shut Down FHA, the IRS, and the Rest of The Federal Government?
If by midnight tonight an agreement is not made regarding the funding the federal government, many vital services will be shut down. No, this is not the apocalypse! but yes some sectors will feel the aftershocks of such action. Where JohnHart is most concerned is with FHA financing. In these hard times many people are […]