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I write about policy effectiveness and government structures...Fannie Mae and Freddie Mac. These two titans have long been the backbone of America's housing finance system, but needed a major infusion of public funds to cover losses from their
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The next head of the Federal Housing Finance Agency will have quite the task waiting...Should Watt be confirmed by the Senate, he will play a critical role in shaping the future of the U.S. housing market...The outgoing head of the agency, Ed DeMarco
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Rep. Mel Watt It would be hard to find a government department more inconsequential than Commerce. That Cabinet post often goes as a sinecure to some business figure who has been helpful to the president. Commerce secretaries come and go while hardly
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The headline index climbed by 0.7% month-over-month, which was right in line with expectations...U.S. house prices have not declined on a monthly basis since January 2012." Much of the more recent pressure we've seen in the housing market has been
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The logo of Swiss bank UBS is seen on a building in Zurich, in this February 13, 2013 file photograph. Michael Buholzer/Files In rejecting UBS' request to dismiss the case, the 2nd U.S...UBS for fraud and misrepresentation in connection with Fannie
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F ive years and 16 million foreclosures after the 2008 housing crash, most Americans have not lost faith in real estate. In a survey this summer of more than 2,000 adults by home buyer website Trulia , 61 percent of respondents predicted that prices
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REO bulk sale in California amounts to another gift to Wall Street at the expense of taxpayers," said the state group president, LeFrancis Arnold. "The deal, which calls for the sale of more than 400 foreclosed homes in Los Angeles and the Inland
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Borrowers in five states Connecticut, Florida, Illinois, New Jersey and New York could find themselves paying more for new home loans starting next year. The Federal Housing Finance Agency, which regulates the two government-owned mortgage giants
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Just four years after toxic U.S. mortgages brought the global financial system to its knees and triggered the deepest recession since the Great Depression, a U.S. housing regulator may be making it easier for banks to make bad loans without suffering
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U.S. regulators and lawmakers are seeking ways to keep local governments from using the power of eminent domain to seize mortgages, citing concern about the potential cost to taxpayers, investors and home buyers. The issue, the subject of a Mortgage
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