Frank leads push to disband mortgage corporations – Boston Globe
WASHINGTON – Barney Frank has been one of the staunchest defenders of Fannie Mae and Freddie Mac and their mission to increase access to affordable housing. Now he’s helping to lead the charge to dismantle the troubled mortgage giants. The US …
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WASHINGTON – Barney Frank has been one of the staunchest defenders of Fannie Mae and Freddie Mac and their mission to increase access to affordable housing. Now he’s helping to lead the charge to dismantle the troubled mortgage giants. The US … Go to Source…
A Worcester-area mortgage fraud that allegedly cost lenders more than $1 million has led to a federal charge against a former West Boylston resident who is a citizen of Ghana. Rowland Kojo Adjei Sapong, 40, was charged yesterday with wire fraud. He bought … Go to Source…
WASHINGTON (AP) — A top lawmaker on Capitol Hill is calling for the elimination of mortgage finance companies Fannie Mae and Freddie Mac and the establishment of a new system to provide money for U.S. home loans. Rep. Barney Frank , D-Mass., the … Go to Source…
A Boston man has received a jail sentence and been ordered to pay $100,000 restitution for his role in a mortgage fraud scheme. Prosecutors say 39-year-old mortgage broker Brian Arrington was sentenced this week to a year in jail, with all but one month … Go to Source…
WASHINGTON (AP) — A federal regulator is taking steps that could lead to the recovery of some losses sustained by mortgage giants Fannie Mae and Freddie Mac . The Federal Housing Finance Agency may try to get back … Go to Source…
WASHINGTON – The Federal Housing Administration … If the FHA runs into financial trouble, it could make it more difficult for borrowers to get loans, particularly first-time buyers. Housing Secretary Shaun Donovan said while an independent audit … Go to Source…
WASHINGTON — Higher monthly fees could be in the works for consumers who take out home loans guaranteed by the Federal Housing Administration, the primary source of mortgages for first-time home buyers. The House … Go to Source…
FANNIE MAE and Freddie Mac are wretched, toxic organizations that have soaked good working people for $134 billion, and counting. They will be put down as quickly as Congress and the US Treasury can manage. That, we know. What happens once they disappear … Go to Source…
Barney Frank, D-Mass, has suggested the possible scrapping of Freddie Mac and Fannie Mae, both of which have been under government control since 2008. At a Detroit Economic Club luncheon in Southfield, Freddie Mac CEO Charles “Ed” Haldeman said he … Go to Source…
While millions say they need help avoiding foreclosure and many struggling households applied, data released yesterday showed the dropout rate from the Making Home Affordable Program was high: 96,000 trial … Go to Source…
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