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Mel Watt, the head of the powerful Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, is expected to break his silence on Tuesday in a speech to the Washington, D.C. press corps, real estate lobbyists, and housing policy wonks.
Ocwen Financial Corp. will provide more than $32.7 million in principal reductions to underwater borrowers in Nevada, under a settlement announced Thursday that closes an investigation into the nation's largest nonbank servicer of home mortgages.
11/20/2013 12:46 pm EST Follow: The biggest legal settlement in history between the United States government and a single entity will directly benefit, at best, a tiny fraction of the millions who say they were harmed by the company's actions.
Previously, homeowners who applied for Keep Your Home California's Principal Reduction Program had to prove a hardship such as a death in the family or job loss. Now, just owing at least 40 percent more than a home's value can qualify as an economic
Several hundred Southwest Florida mortgage borrowers have applied for assistance under a new state program offering $50,000 breaks on loan principals. The local applicants are among more than 12,000 homeowners across Florida to seek a slice of the $
Florida's $1 billion program to help homeowners avoid foreclosure will begin offering principal reductions to borrowers who owe more on their mortgages than their homes are worth...Homeowners can apply for the Hardest-Hit principal reduction program
The obama government assures incentives to the home mortgage lenders to help out the homeowners on the verge of abandoning their homes. The principal reduction program by the government and the FHA combined can offer
Congressman Mel Watt defended himself at a Senate confirmation hearing Thursday from accusations hes unqualified to head the federal agency that oversees mortgage giants Fannie Mae and Freddie Mac, and signaled he supports moving the housing finance
President Barack Obama's pick to lead the federal agency that oversees mortgage finance faces an uphill battle Thursday at a Senate confirmation hearing. Many Republicans are happy with the current caretaker and worry that Rep. Mel Watt, D-N.C., will
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