Posts Tagged ‘Federal Housing Finance Agency’

Our Housing Market’s Recovery is Eminent… Get It?

Written on 10 Jan, 2014 at 11:43

Despite some very nasty threats of retaliation from Wall Street and Washington, something like two dozen new cities are now reportedly joining the efforts to potentially head off home foreclosures by using eminent domain to seize mortgages and write them... (Continue reading)

Tagged with: #eminentdomain #housingrecovery American Civil Liberties Union American Securitization Forum ASF ASF Executive Director Tom Deutsch bank of america California Cornell law professor Robert Hockett Department of Housing and Urban Development diana olick discussing the use of eminent domain economic recovery economy eminent domain Federal Housing Finance Agency foreclosure crisis foreclosures HAMP hockett's municipal plan Housing Crisis and Policy Solutions housing hype housing market recivery housing market recovery impac mortgage Jeb Hensarling jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman mortgage crisis mortgage refinancing mortgage servicers municipal plan NACA prevent foreclosure richmond richmond california Richmondâ€™s Mayor Gayle McLaughlin Robert Hockett Securities Industry and Financial Markets Association seize mortgage seize mortgages and write them down for homeowners SIFMA trial modifications

Straightening Out the LA Times, Fannie, Freddie, Strategic Defaults and Deficiency Judgments

Written on 22 Oct, 2013 at 19:59

Writing about strategic defaults for the LA Times this time out was Lew Sichelman, whose ability to remain oblivious to his interweaving of unrelated facts throughout the article was truly something to behold. ... (Continue reading)

Tagged with: bank of america deficiency judgments diana olick economy Fannie Mae Fannie Mae to go after more strategic defaulters Federal Housing Finance Agency Federal Reserve Chairman Ben Bernanke FHFA Ed Demarco foreclosure crisis foreclosures Freddie Mac Freddie Mac to go after more strategic defaulters HAMP Heath Wolfe jpmorgan chase LA Times article Lew Sichelman loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman ml-implode mortgage crisis mortgage refinancing mortgage servicers NACA Office of the Inspector General OIG strategic defaults TARP trial modifications wall street bankers

Obama’s New Plan to Help Housing Isn’t Worth Waiting For

Written on 22 Oct, 2011 at 8:17

Even Edward J. DeMarco, acting director of the independent Federal Housing Finance Agency says his fix will be more of a tune-up than an overhaul, with reduced "frictions" and "enhancements."... (Continue reading)

Tagged with: bailouts bank of america banking lobby bloomberg citibank double dip economic recovery economy Edward J. DeMarco Fannie Mae FDIC Federal Housing Finance Agency Federal Reserve Chairman Ben Bernanke FHFA foreclosure crisis foreclosures Freddie Mac Goldman Sachs HAMP HARP Home Affordable Refinance Program Indymac bank Jaret Seiberg jpmorgan chase loan buy backs loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman Martin Feldstein MF Global Moody's Analytics mortgage crisis mortgage servicers national economic crisis New York Times Obama's new housing program Obama's new refinance plan prime borrowers delinquent Rep. Elijah Cummings Rep. John Tierney Representative Dennis Cardoza REST Report TARP Treasury Secretary Tim Geithner underwater mortgages unemployment wall street bankers wells fargo bank

Bringing UP the Rear – Fannie Mae’s President and CEO, Michael J. Williams

Written on 1 Jul, 2011 at 3:20

And I'll never be able to prove this, but I'm al most positive that I could have bankrupted Fannie Mae for a lot less than $1.5 trillion, and I don't know anything about the mortgage business. In fact, I... (Continue reading)

Tagged with: Announcement SVC-2011-08 bailouts bank of america banking lobby bringing up the rear citibank consent orders economic recovery economy Fannie Mae Foreclosure Plan Sets New Standards For Servicers Fannie Mae's Jeff Hayward Fannie Mae's President and CEO FDIC Chair Sheila Bair Federal Housing Finance Agency federal reserve Federal Reserve Chairman Ben Bernanke FHFA foreclosure crisis foreclosures Freddie Mac HAMP jpmorgan chase loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode Michael J. Williams mortgage crisis mortgage refinancing mortgage servicers NACA new incentive plan for servicers OCC OTS Servicing Alignment Initiative Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers Wall Street Journal wells fargo bank

FHFA Subpoenas Data from 64 Issuers of Mortgage Backed Securities

Written on 13 Jul, 2010 at 5:25

Uh oh. Someone's gonna' be in big trouble... as in... Lucy, you got some "˜splainin' to do. Is it warm in here all of a sudden?... (Continue reading)