Debt forgiveness can yield benefits to everyone involved. The homeowner is no longer tempted to walk away, leaving a home
For those in the real estate finance and home building industry, the coming of Mel Watt as the newly inducted Director of the Federal Housing Finance Agency could not have come at a more propitious time.
Watt's supporters say his confirmation would position the regulator to work with the administration to lay groundwork for
On the housing front, the good news is that the president wants Mel Watt to head the FHFA. The really bad news is that the problems in the U.S. housing system are currently so entrenched that, even if he is confirmed, Mel Watt will be hard-pressed to resolve them.
Prices of Fannie Mae and Freddie Mac-backed mortgage bonds that held high-interest rate loans fell on Wednesday, according
Watt would be the second person Obama has nominated to replace DeMarco. A previous nominee, Joseph Smith, at the time North
By Douwe Miedema Liberals take issue with DeMarco's decision to block Fannie Mae and Freddie Mac from reducing loan principals
In its letter to the inspector general, the FHFA said it would develop a specific plan to focus on compliance with consumer
For more than five years, many homeowners who complained about mortgage industry foreclosure abuses have wondered whether anyone with a financial stake in keeping them in their home was paying attention. On Thursday, with the release of a new report from a federal watchdog, they got their answer: No.
NEW YORK -- For more than five years, many homeowners who complained about mortgage industry foreclosure abuses have wondered