Tag Archives: Federal Regulator

Housing Crisis: New Rules Hit Mortgage Servicers

The nation’s five largest banks service about half of all mortgages, but recently they have been selling those servicing rights to so-called “specialty servicers,” like Ocwen and Nationstar, whose stocks have been soaring. These companies specialize in delinquent mortgages. The … Continue reading

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Obama Gets Big ‘No’ On Slashing Mortgage Debt

Despite strong pressure from the Obama administration, a federal regulator will not allow Fannie Mae and Freddie Mac to reduce mortgage principal. The Federal Housing Finance Agency’s Ed DeMarco has previously opposed the program, which uses taxpayer money to pay … Continue reading

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Own vs. Rent Riles Government Housing Policy

Fannie Mae and Freddie Mac, the mortgage giants under government conservatorship, together owned 182,212 foreclosed properties as of the end of September. While they aggressively market and sell these homes to investors and owner-occupants alike, the numbers are still too … Continue reading

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Own Vs. Rent Riles Government Housing Policy

Fannie Mae and Freddie Mac, the mortgage giants under government conservatorship, together owned 182,212 foreclosed properties as of the end of September. While they aggressively market and sell these homes to investors and owner-occupants alike, the numbers are still too … Continue reading

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Real Estate News: Home Resales Rise 4%

By Sushil Cheema Kiawah Island Real Estate House of the Day: A ‘Lips Room’ On Kiawah Island: This South Carolina house has a great room featuring bamboo floors and a guest room with white lacquer walls and limited-edition wallpaper. Here … Continue reading

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Real Estate News: Home Resales Remain Depressed

By Sushil Cheema Tahvory Bunting/Denver Image Productions House of the Day: Denver Tudor Restoration: Built in 1912, this three-story house was gut renovated by its current owners who updated the plumbing and heating and added a pool and breakfast nook. … Continue reading

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