The Federal Housing Finance Agency recently began qualifying investors to purchase pools of real-estate-owned assets in some of the nation’s worst housing markets from Fannie Mae and Freddie and convert them to rental properties. But the strategy is opposed by some local California Realtors who stand to lose commissions on such bulk sales. The FHFA, [...]
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Anger Grows Over FHFA Chief
March 31st, 2012
davidguide California’s attorney general is calling for the ouster of the acting director of the Federal Housing Finance Agency. Another California Democrat calls him a “random idiot.” Meanwhile, Republicans are blasting the FHFA chief for not doing more to rid the nation of Fannie Mae and Freddie Mac — which have cost U.S. taxpayers $188 billion [...]
Updated HARP Guidelines Released
November 16th, 2011
davidguide Last month, the Federal Housing Finance Agency announced enhancements to the Home Affordable Refinance Program. Changes to the program included the elimination of a maximum loan-to-value ratio and the waiver of representations and warranties. Now, Fannie Mae and Freddie Mac have issued updated HARP guidelines. View full post on Mortgage Stories
Expected Bailout Costs Lowered for Fannie, Freddie
October 27th, 2011
davidguide The Federal Housing Finance Agency projected a year ago that draws under Fannie Mae’s and Freddie Mac’s stock purchase agreements with the Department of the Treasury could reach as much as $363 billion by 2013. But a new report from the regulator estimates that Treasury draws will likely only reach a maximum of $311 billion [...]
Financing Your Color LED Sign
October 27th, 2011
davidguide Every company should have a marketing budget of some kind, which is set aside to pay for advertising, signage and other forms of publicity. A good marketing plan is essential for any company that wishes to survive in today’s world, and indispensable for any organization that intends to develop and prosper. As an integral element [...]
How to Finance a Startup Freight Brokerage With Factoring
September 8th, 2011
davidguide One industry that is improving, along with the economy, is transportation. Many existing transportation carriers and freight brokers are seeing their revenues increase as the industry picks up. The improved economic outlook and the condition of the industry have also prompted individuals with industry experience to start new freight brokerages. Although running a freight brokerage [...]
MBS Litigation Tsunami hits Financial Firms
September 5th, 2011
davidguide Separate lawsuits were filed against 17 issuers and underwriters of private-label mortgage-backed securities purchased by Fannie Mae and Freddie Mac. The Federal Housing Finance Agency filed the lawsuits as conservator of Fannie and Freddie. “The complaints filed today reflect FHFA’s conclusion that some portion of the losses that Fannie Mae and Freddie Mac incurred on [...]
Egypt backs Lagarde for IMF top job
June 12th, 2011
davidguide CAIRO: Foreign Minister Nabil al-Arabi on Sunday announced Egypt’s support for French Finance Minister Christine Lagarde’s bid to head the International Monetary Fund. View full post on Business Stories
CA Program Expanded to Cashout Loans
April 6th, 2011
davidguide The California Housing Finance Agency announced that it would loosen eligibility requirements for the Keep Your Home California initiative. Among the enhancements is allowing borrowers who had cashout refinances to now receive some help. The state is also expanding eligibility to include mortgages originated after Jan. 1, 2009. View full post on Mortgage Stories
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