Officials with Fannie Mae and Freddie Mac have announced the agency will participate in programs that allow homeowners in trouble to have mortgage principals reduced.
Fannie Mae , Freddie Mac won't be allowed to reduce loan balances for troubled borrowers.
A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure, resisting pressure from the Obama administration.
They argue a taxpayer-backed institution shouldn't be throwing people out of their homes, and lawmakers need to do more to rein in Fannie Mae 's foreclosures and encourage loan modifications.
Fannie Mae Names Its Top Lawyer as Chief.
Fannie Mae , the government-backed mortgage finance giant, on Tuesday chose Timothy J Mayopoulos, who was ousted in a shake-up at Bank of America at the height of the financial crisis, to be its next chief executive.
WASHINGTON – Timothy Mayopoulos, the general counsel of Fannie Mae , will be the next CEO of the government-controlled mortgage giant.
Fannie Mae headquarters in Washington.
US mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid.
Fannie Mae and Freddie Mac have new rules which will be effective on November 1st when they will allow short sales for underwater borrowers who have never missed a mortgage payment.
Mortgage giants Fannie Mae and Freddie Mac have issued new rules, which will take effect Nov 1, that will allow short sales for underwater borrowers who have never missed a mortgage payment.
Federal mortgage backers Fannie Mae and Freddie Mac announced this week that they have halted evictions of foreclosed homes during the holidays.
Federal mortgage backers Fannie Mae and Freddie Mac announced this week that they will halt evictions of foreclosed homes during the holidays.
Former Fannie Mae CEO Daniel Mudd is leaving his post as CEO of Fortress Investment Group following SEC charges of fraud.
Fannie Mae and Freddie Mac provide added help to homeowners hit by Superstorm Sandy.