NAR to Congress: Turn Fannie and Freddie into Non-Profits

The Fed is expected to announce a plan tomorrow to end its purchases of mortgage-backed securities and Fannie Mae and Freddie Mac debt. others are storming Congress to keep the credit alive, if not.

BlackRock, PIMCO set to push for BofA mortgage deal PIMCO, Blackrock, NY Fed Seek to Force BofA to Repurchase $47 Billion in Soured Mortgages; Viral Nonsense on "Show Me the Note" and "ForeclosureGate" Courtesy of Mish At long last, the real issue regarding soured mortgages has stepped up to the plate.Masto opposes provision of settlement with big banks Douglas Hoyes: Other forms of debt, like credit cards and bank loans, are almost always discharged in a bankruptcy. It is very unusual for a creditor like a bank to oppose someone’s [consumer debt] discharge. It is much more common for the government to oppose where a student loan is involved.

NAR to congress: turn fannie and Freddie into Non-Profits REALTORS, Licking Their Wounds, Get Ready for Their Next. – A plea for members to call, email or write to members of Congress generated just over 200,000 sign-ups, which amounts to less than a quarter of NAR’s membership.

Washington, D.C. – The Federal Housing finance agency (fhfa) today announced that on June 3, 2019 Fannie Mae and Freddie Mac (the Enterprises) will start issuing a new, common security, the uniform mortgage-backed security (UMBS), in place of their current offerings of TBA-eligible mortgage-backed securities.

Castro advised the next Congress to consider legislation that would wind down and ultimately eliminate, Fannie Mae and Freddie Mac, as part of the effort to increase the housing market’s recovery..

"And one way we can do that – and Congress. Spreads on Fannie-and-Freddie-backed mortgage securities rose to a 23-year high in March. There were two ways to solve the problem, said Miller: either.

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A hedge fund hoping to capitalize on the comeback of Fannie Mae and Freddie Mac claims in a lawsuit the government illegally seized the profits of the two mortgage finance giants. The Neighborhood Stabilization Initiative (NSI) is designed to stabilize neighborhoods hardest hit by the housing downturn.

 · Huge shift in the force: Fannie, Freddie to offer 3% down loans. Fannie Mae and Freddie Mac have announced a new program to allow qualified buyers to put less down -.

White House infighting delays Fannie Mae, Freddie Mac reform: Charlie Gasparino NAR: vital mortgage market needs Fannie Mae, Freddie Mac WASHINGTON – June 4, 2009 – A secondary mortgage market model that includes some level of government participation is necessary to ensure affordable and available home mortgages, according to National Association of Realtors (NAR) testimony to the U.S. House Financial services subcommittee hearing.

More below, but no one (Senate, House of Representatives, White House) have put a firm plan/proposal in front of the public – and heading into the Thanksgiving and Christmas breaks, no single plan has.