Last week, President Obama announced the administration's Homeowner Affordability and Stability Plan. The goal of HASP is threefold: 1) to stanch foreclosures by refinancing mortgages of 4 million to 5 million "responsible" homeowners; 2) to provide $75 billion worth of loan modifications to help 3 million to 4 million "at-risk" homeowners; and 3) to subdue mortgage rates by injecting even more capital into troubled Fannie Mae and Freddie Mac. More specifics are coming down the pike in early March.
* Housing plan gets cool reception on Wall Street * Fannie Mae and Freddie Mac to get more protection * Up to $275 billion put aside for housing help MESA, Ariz., Feb 18 - U.S....
* Housing plan gets cool reception on Wall Street * Fannie Mae and Freddie Mac to get more protection * Up to $275 billion put aside for housing help MESA, Ariz., Feb 18 - U.S....
* Housing plan gets cool reception on Wall Street * Fannie Mae and Freddie Mac to get more protection * Up to $275 billion put aside for housing help MESA, Ariz., Feb 18 - U.S....
* Housing plan gets cool reception on Wall Street * Fannie Mae and Freddie Mac to get more protection * Up to $275 billion put aside for housing help MESA, Ariz., Feb 18 - President...
WASHINGTON, Nov 6 - U.S. 30-year mortgage rates fell in the week ending Nov. 6, according to a survey released on Thursday by home funding company Freddie Mac. U.S. 30-year mortgage rates dropped to an...
WASHINGTON -- U.S. regulators are extending applicability on direct investments to certain indirect investments in Fannie Mae (FNM) and Freddie Mac (FRE) preferred stock. The Federal Reserve, Federal Deposit Insurance Corp., the Office of the...
WASHINGTON --U.S. regulators are extending applicability on direct investments to certain indirect investments in Fannie Mae (FNM) and Freddie Mac (FRE) preferred stock. The Federal Reserve, Federal Deposit Insurance Corp., the Office of the Comptroll...
WASHINGTON --The U.S. Treasury Department and Internal Revenue Service on Wednesday issued guidance on a provision of the new market-rescue law that allows banks to treat capital losses on Fannie Mae (FNM) and Freddie Mac...
DOW JONES NEWSWIRES Housing and local-government advocates have written senior U.S. officials urging them to push mortgage financiers Fannie Mae (FNM) and Freddie Mac (FRE) to resume purchases of tax-exempt housing bonds, the Bond Buyer...