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United States Attorney's Office District of Connecticut
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 .

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.

Mortgages & Home Loans - Borrow -
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 .

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.

$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 .

$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.

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.

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 .

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 .

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 .

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.

Fannie Mae: News & Videos about Fannie Mae -
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.

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 .

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.




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.” .

Tom Carson
(203) 821-3722
mortgage rates outlook





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