Pittsburgh Post-Gazette
The federal regulator for government-backed mortgage giants Fannie Mae and Freddie Mac said Tuesday that he would not allow the firms to reduce loan balances of troubled borrowers, saying there would be no clear-cut financial benefit, and that such a...
International Business Times
A top U.S. housing regulator refused Tuesday to offer principal reductions for mortgages held by Fannie Mae and Freddie Mac , highlighting a sharp difference in views over how to aid the beleagured real estate market. Share This Story Related...
The Daily Telegraph
THE US regulator in charge of state-backed mortgage firms Fannie Mae and Freddie Mac has rejected an Obama administration plan to ease the housing crisis by forgiving some outstanding home loans...DeMarco said the independent federal agency, in...
National Public Radio
A federal regulator is blocking the government-owned mortgage giants Fannie Mae and Freddie Mac from reducing the principal that homeowners owe on their mortgages in order to avoid foreclosures. Tuesday's decision came from Edward DeMarco, the acting...
Los Angeles Times
After a lengthy review, a key federal regulator said Tuesday he would not allow Fannie Mae and Freddie Mac to lower the amount some underwater homeowners owe on their mortgages despite new financial incentives from the Obama administration. Detailed...
The New York Times
The independent federal agency that administers Fannie Mae and Freddie Mac said once again on Tuesday that it would not let the mortgage finance companies offer debt forgiveness to homeowners, rejecting the entreaties of Congressional Democrats and...