Highlights
A collection of news and information related to Fannie Mae published by this site and its partners.
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Year-old funding scandal hurt local Race For the Cure, officials say
It's been more than a year since Susan G. Komen For the Cure Foundation was rocked by its short-lived but controversial decision to defund Planned Parenthood. But South Floridians, it appears, have a long memory. Susan G. Komen South Florida recently...
Tags: Medical Research, Planned Parenthood, Breast Cancer, Harris Interactive Incorporated, Palm Beach Gardens
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Short sales routinely show up in credit reports as foreclosures
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...
Tags: Housing Industry, Foreclosures, Services and Shopping, Finance, Federal Housing Administration
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The truth about hard-money loans
Q: What is a "hard money" loan? A: Technically, it is a loan that is given in exchange for money, rather than to assist a consumer in buying a house. The latter would be called a "purchase money" mortgage. Hard-money lenders do not rely on the...Tags: Interior Policy, Ratings, Property, Freddie Mac, Homes
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Freshman senator with senior pluck takes on the financial industry
WASHINGTON — Sen. Elizabeth Warren, the newest member of the Senate Banking Committee, waited patiently for her first chance to question top financial regulators at a recent hearing on Capitol Hill. When her turn finally came after 90 minutes,...
Tags: Elizabeth Warren, Federal Deposit Insurance Corporation, U.S. Securities and Exchange Commission, Federal Reserve, Scott P. Brown
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Judge grants foreclosure of hundreds of run-down Orlando apartments
A state judge on Friday granted the foreclosure of seven west Orlando apartment complexes with hundreds of units, the latest twist in the long-running story of some of the city's most run-down housing. Circuit Judge Alice Blackwell ruled that the...
Tags: Bankruptcy, Judges, Financially Distressed Companies, Justice System, Finance
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Lew says Fannie Mae payment helps delay debt limit until Labor Day
WASHINGTON -- A nearly $60-billion dividend payment to the government by taxpayer-owned Fannie Mae will help push off the effective date on which the U.S. would hit its debt limit until at least Labor Day, Treasury Secretary Jacob J. Lew said Friday....
Tags: Politics, Parties and Movements, Finance, Jack Lew, Freddie Mac
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Fannie Mae to pay U.S. $59.4 billion after record quarterly profit
WASHINGTON -- Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year. The fortunes of the company, which is 80% owned by taxpayers...
Tags: Freddie Mac, Finance, Financial and Business Services, Federal Bailout Funds, Economy, Business and Finance
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Underwater borrowers getting more time to refinance
Local lenders say they hope a two-year extension of a government-sponsored refinancing program will encourage more participation from underwater homeowners in South Florida. The Home Affordable Refinance Program was set to expire at the end of 2013, but...Tags: Miami (Miami-Dade, Florida), Politics, Services and Shopping, Finance, Real Estate Sellers
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Bush deserves the criticism he's getting
When I read Stanley J. Glinka's recent letter defending the presidency of George W. Bush I wanted to laugh, but it was 6 a.m. and I did not want to wake up my still sleeping wife ("Stop blaming Bush," May 1). Now I know how people like Michele...Tags: George W. Bush, Sarah Palin, Freddie Mac, Alan Greenspan, Politics
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Easton takes aim at vacant properties
The Pomeroy's building in the 300 block of Northampton Street has restaurants and apartments filled with tenants and, in less than a year since reopening, has become a redevelopment success story for Easton's downtown. But for more than 30 years the...Tags: Rental Service, Easton (Northampton, Pennsylvania), Foreclosures, Crime, Law and Justice, Easton (Easton, Pennsylvania)
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Loan underwriters make 'absurd' demands in effort to verify data
Did you hear about the loan underwriter who demanded a letter from the borrower's doctor stating the borrower had been healed and his illness would not come back? How about the underwriter who wanted a verification of employment from the borrower who...Tags: Freddie Mac, Christianity, U.S. Department of Veterans Affairs, Religion and Belief, Finance
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Obama nominates new heads of FCC and federal housing agency
WASHINGTON -- President Obama on Wednesday nominated new heads of the Federal Communications Commission and the Federal Housing Finance Agency, saying they would both help expand the economy. Obama tapped venture capitalist Thomas Wheeler to replace...
Tags: White House, Politics, Parties and Movements, U.S. Senate, Finance
May 18, 2013
|Story| South Florida Sun-Sentinel
May 17, 2013
|Story| Los Angeles Times
May 10, 2013
|Story| Chicago Tribune
May 10, 2013
|Story| Los Angeles Times
May 10, 2013
|Story| Orlando Sentinel
May 10, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| Los Angeles Times
Apr 29, 2013
|Story| South Florida Sun-Sentinel
May 5, 2013
|Story| Baltimore Sun
May 3, 2013
|Story| Allentown Morning Call
May 3, 2013
|Story| Los Angeles Times
May 1, 2013
|Story| Los Angeles Times
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