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Jaime and Juana Coronel's push to buy back the home they lost to foreclosure was featured in a Washington Post article on Sunday, which detailed the challenges the California couple faced because their loan was backed by mortgage finance giant Fannie
When Jaime and Juana Coronel's house was foreclosed on in 2010, Fannie Mae took possession. Now it is coming back on the market for an amount the couple could probably afford. (Jamie Rector/Photography by: Jamie Rector) July 25 at 9:21 AM After 20
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