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mortgage giants aren't short of cash Release

July 31, 2009

Feds can't fix Fannie and Freddie - MSN Money
Jul 21, 2008 . The mortgage giants aren't short of cash. They're stuck with bad loans that aren't going away. Also: Short sellers didn't bring down the lenders .
http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/FedsCantFixFannieAndFreddie.aspx

CT Would Get Nearly $200M In Nationwide Mortgage Settlement ...
Feb 9, 2012 . Short Sale- Chase 1st, USAA 2nd (HELOC) - USAA getting ready to . Those held by mortgage giants Fannie Mae and Freddie Mac aren't part of the deal. . of abuse would qualify for an estimated $1500 in cash payments.
http://www.loansafe.org/ct-would-get-nearly-200m-in-nationwide-mortgage-settlement

Mortgages & Home Loans - Borrow - SmartMoney.com
Expert advice for homeowners and home buyers on mortgage loans and refinancing from the . SmartMoney: Home Prices Aren't Comin. . Where to Park Your Cash Now; These are tough times for savers -- but extra digging can pay off. . The KBW Bank Index, which includes 24 U.S. firms, from global giants like Bank of .
http://www.smartmoney.com/borrow/home-loans/

OpEdNews - Article: Why Republicans don't want you to re-fi your ...
Mar 13, 2012 . If the bank were to write down the mortgage to $150000, then the homeowner . the books at the mortgage giants - so he shouldn't let them spend money on refinancing. . recovery - and Republicans aren't letting the President remove it. . don't get the relief they need - then this recovery will be short-lived.
http://www.opednews.com/articles/Why-Republicans-don-t-want-by-Thom-Hartmann-120313-666.html

$25 billion settlement – but will it help you? | Business - The News ...
Feb 10, 2012 . Most of the money would go to some homeowners who are “underwater. . The other half are owned by government-controlled mortgage giants Fannie Mae and Freddie Mac. Homeowners with these mortgages aren't eligible. . seizures, inflicting short-term pain on delinquent U.S. borrowers while making .
http://www.thenewstribune.com/2012/02/10/2020120/25-billion-settlement-but-will.html

$8.4 billion from foreclosure settlement to help Florida homeowners
Feb 9, 2012 . About $170 million will be cash payments to Florida borrowers who lost their . The other parts of the agreement - principal reductions, short sales and . The other half are owned by government-controlled mortgage giants Fannie Mae and Freddie Mac. Homeowners with these mortgages aren't eligible.
http://www.palmbeachpost.com/money/foreclosures/8-4-billion-from-foreclosure-settlement-to-help-2164426.html

Q & A: What you need to know about the mortgage settlement ...
Feb 10, 2012 . Some $100 million of the settlement money will help Idaho . Development of a short sale process that allows borrowers to obtain a short sale evaluation . The other half are owned by government-controlled mortgage giants Fannie Mae and Freddie Mac. Homeowners with these mortgages aren't eligible.
http://www.idahostatesman.com/2012/02/10/1988315/idaho-homeowners-could-benefit.html

Foreclosures of expensive homes take longer - ABC News
More Money: Business Traveler · Housing Market · Foreclosures . Lenders aren't showing favoritism to wealthier people — they're just doing what . Loans below $417000 are generally owned by mortgage giants Freddie Mac and Fannie Mae. . More may be exiting foreclosure via short sale, says Kyle Lundstedt, LPS .
http://abcnews.go.com/Business/foreclosures-expensive-homes-longer/story?id=14277478

San Diego Real Estate News
Feb 26, 2012 . Obama's 2012 Payroll Tax Cut and How It Affects Your Mortgage Rates · Print This Post . the fee government-backed mortgage giants, Fannie Mae and Freddie Mac, . They will get less credit, however, for short sales or taking losses on . Another $1.5 billion will be spent on direct cash payments of $1500 .
http://www.teamaguilar.com/blogs/

Should the GSEs offer principal write-downs? | HousingWire
Feb 29, 2012 . Banks are using it, so why aren't Fannie and Freddie? Here are a few pros and cons. Chime in on what you think the mortgage giants should do. . to eventually pay the mortgage on a home that's worth much less than the money . Lenders Foreclosing to resell and Short Selling is a slow process that is .
http://housingwire.com/rewired/should-gses-offer-principal-write-downs

George Osborne's plans for government-backed credit will be a ...
Mar 21, 2012. Freddie Mac, the US mortgage giants that needed massive bailouts in 2008. . Yet condemning young people to a lifetime of mortgage debt – while richer . Small companies aren't borrowing because people aren't spending as much. . Lending money to school-leavers would be similarly short-sighted.
http://www.cityam.com/latest-news/george-osborne-s-plans-government-backed-credit-will-be-terrible-mistake

Fannie Mae: News & Videos about Fannie Mae - CNN.com
But there has been little progress made in rehabilitating the mortgage giants. . each week only to have the bank lose your money, but never face any consequences. . homeowners' loan balances...but the two largest owners of mortgages aren't . short of providing direct government financial help to at-risk homeowners.
http://topics.cnn.com/topics/fannie_mae

Citizens are encouraged to report any suspected mortgage fraud activity by calling 203-333-3512 and requesting the Connecticut Mortgage Fraud Task Force, or by sending an email to home.

DeBord Report: Entries from tag: "freddie mac" | 89.3 KPCC
Mar 23, 2012 . Could mortgage giants Fannie Mae and Freddie Mac do something about it? . run these mortgage modifications would save the companies money because . but rather mitigating its short-term interest-rate risk (a theory that I found . There aren't enough specifics here to really draw conclusions, but the .
http://www.scpr.org/blogs/economy/tagged/freddie-mac/

For more information on avoiding foreclosure and foreclosure scams, click mortgage gift letter 2010.

More information on mortgage fraud can be found at sahvanna mortgage.

 

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Elizabeth Warren Calls On FHFA To Do More To Help Homeowners ...
Feb 9, 2012 . May Day: American Workers Aren't Compensated For Their Productivity . regulator for government backed mortgage giants Fannie Mae and Freddie Mac, . write-downs, refinancing options, cash for keys, and short sales.” .
http://thinkprogress.org/economy/2012/02/09/422240/elizabeth-warren-fhfa-homeowners/


Tom Carson
(203) 821-3722
mortgage rates outlook

 

 

 

 

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