In principle, Frannie can’t cram either
The Federal Housing Finance Agency (FHFA) recently announced that it will not allow Freddie Mac or Fannie MaeA government-sponsored entity operating in the secondary mortgage market. (FrannieA...
View ArticleReverse eminent domain met with redlining threat
Will reverse eminent domain save or damn underwater homeowners? Mortgage Resolution Partners (MRP) has expanded its reverse eminent domain proposal to include homeowners delinquent or in default on...
View ArticleOut with DeMarco, in with cramdowns
Attorneys general from nine states — including California’s own Kamala Harris — have called for the replacement of the Federal Housing Finance Agency’s (FHFA’s) acting director, Edward DeMarco. The...
View ArticleIn principle, Frannie can’t cram either
The Federal Housing Finance Agency (FHFA) recently announced that it will not allow Freddie Mac or Fannie Mae (Frannie) to offer principal reductions, also known as cramdowns, to underwater borrowers....
View ArticleReverse eminent domain met with redlining threat
Will reverse eminent domain save or damn underwater homeowners? Mortgage Resolution Partners (MRP) has expanded its reverse eminent domain proposal to include homeowners delinquent or in default on...
View ArticleOut with DeMarco, in with cramdowns
Attorneys general from nine states — including California’s own Kamala Harris — have called for the replacement of the Federal Housing Finance Agency’s (FHFA’s) acting director, Edward DeMarco. The...
View ArticleChase’s magically shrinking settlement
Now that Chase’s $13 billion settlement with the Justice Department is official, lets put it in perspective.
View ArticleBig changes for the secondary mortgage market
In the world of secondary mortgage market reform, we’ve got good news and bad news. Which would you like to hear first?
View ArticleFannie, Freddie to allow foreclosed homeowners to buy back homes
A step in the right direction — too bad it’s not 2008.
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