All Posts Tagged With: "Mae"
Why Not More Mortgage Modifications?
Writing in the New York Times, Gretchen Morgenson notes that “Alan M. White, an assistant professor at the Valparaiso University law school in Indiana, analyzed data on 3.5 million subprime and alt-A mortgages in securitization pools overseen by Wells Fargo. The loans were written in 2005 through 2007; data on their performance is provided to [...]
6Jul2009 | Peter G. Miller | 0 comments | Continued
The Untold Story Behind Fannie Mae & Freddie Mac
The government is out with new foreclosure prevention numbers from Fannie Mae and Freddie Mac. According to the Federal Housing Finance Agency (FHFA), the headline is that “FANNIE MAE AND FREDDIE MAC LOAN MODIFICATIONS UP BY MORE THAN 50 PERCENT IN FIRST QUARTER, MONTHLY PAYMENTS REDUCED FOR HOMEOWNERS.” We then learn that “Fannie Mae and [...]
24Jun2009 | Peter G. Miller | 1 comment | Continued
Fannie Mae & Freddie Mac — How Are They Really Doing?
How well are Fannie Mae and Freddie Mac doing? Better than most news reports might suggest. Testifying before the House Financial Services Committee, the chief regulator of Fannie Mae and Freddie Mac, James Lockhart, testified that the two companies own or guarantee 56% of the single family mortgages in this country or $5.4 trillion. Lockhart [...]
4Jun2009 | Peter G. Miller | 2 comments | Continued
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