WASHINGTON — After a lengthy review, a key federal regulator said Tuesday he would not allow Fannie Mae and Freddie Mac to lower the amount some underwater homeowners owe on their mortgages despite new financial incentives from the Obama administration.

Topics:  washington   fannie mae   freddie mac   obama   mortgage   regulator   
BING NEWS:
  • Freddie Mac CFO Christian Lown resigns
    Lown's resignation creates a second vacancy in the government-sponsored enterprises c-suite, as it is also looking for a new CEO.
    06/14/2024 - 8:56 am | View Link
  • Mortgage rates on the decline while applications rise: Freddie Mac
    The average 30-year fixed-rate mortgage was 6.95% for the week ending June 13, according to Freddie Mac's latest Primary Mortgage Market Survey.
    06/14/2024 - 4:06 am | View Link
  • Loan payments for Orange County’s record-high median-price house tops $10,000
    In Orange County, a single-family home in May was selling for a median of $1,410,000, an all-time high, according to Patrick Veling, chief executive and founder of Real Data Strategies. That’s up 12.8 ...
    06/13/2024 - 6:04 pm | View Link
  • Freddie Mac Single-Family Green Mortgage-Backed Securities Approached $1.9 Billion in 2023
    Saved an estimated average of nearly $700 in annual utility costs for each homeowner with a mortgage included in a 2023 Freddie Mac Single-Family Green MBS.
    06/11/2024 - 5:18 am | View Link
  • What Is a Second Mortgage?
    A second mortgage is a loan against your home that's positioned behind an existing first mortgage. This means that in a home foreclosure sale, the first mortgage lender gets repaid before the second ...
    06/11/2024 - 3:48 am | View Link
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