Nov 5th, 2009 - CNNMoney
Related topics:
WASHINGTON (Reuters) - Major U.S. mortgage financesource Fannie Mae announced Thursday aprogram aimed at turning struggling homeowners into renters intheir own homes.
The last-ditch program, to be known as Deed for Lease, isdesigned for borrowers who are facing foreclosure and have beenunable to get a modification or refinance on their existingloan.
Borrowers would transfer their property to the lender bycompleting a deed in lieu of foreclosure, and then lease backthe house at a market rate.
Related stories:
Digest: Goldman blocked from buying Fannie Mae assets
Nov 7th, 2009 - Washington Post
Goldman can't buy Fannie Mae assets The Obama administration on Friday denied Goldman Sachs's offer to buy millions of dollars in assets from struggling mortgage finance giant Fannie Mae. The offer was not a good deal for taxpayers...
Freddie to Request Further Handouts
Nov 7th, 2009 - Wall Street Journal
Freddie Mac said it didn't need any additional federal aid for the second straight quarter as it reported a loss of $6.3 billion for the third quarter on Friday. But the company said it expected to ask for more handouts from the U.S...
Fannie Mae to allow borrowers in foreclosure to lease back homes
Nov 6th, 2009 - Los Angeles Times
Mortgage giant Fannie Mae said Thursday that it would throw a lifeline to some people losing their homes to foreclosure by allowing them to lease those properties back for up to a year at market rental rates.US Treasury to block sale of Fannie Mae tax credits - WSJ
Nov 6th, 2009 - Reuters
(Changes source and dateline, adds comment, background) WASHINGTON , Nov 6 (Reuters) - The U.S. Treasury will blockthe sale of Fannie Mae tax credits to Goldman Sachs Group(GS.N) because the transfer would harm taxpayers...
Fannie to Rent Foreclosed Homes
Nov 5th, 2009 - Wall Street Journal
Fannie Mae plans to allow homeowners facing foreclosure to stay in their homes and rent them for up to one year as part of the latest effort to help troubled borrowers while keeping a glut of foreclosed properties from hitting the housing market.
Related videos from YouTube:
8:37Fannie Mae / Freddie Mac + Economic Crisis
READ HERE THE FULL STORY. ACORN,Fannie Mae / Freddie Mac, & Economic Crisis The deeper you look into the ACORN / Obama association the more you see the liberal socialist Barack Hussein Obamas fingerprints are on the Fannie Mae / Freddie Mac and economic crisis ...
1:18The Mortgage Crisis: Responsible Borrowers
In the wake of the government take over of mortgage giants Fannie Mae and Freddie Mac, John Taylor, President/CEO of the National Community Reinvestment Coalition talks about how responsible borrowers are being hurt by the mortgage crisis.. (Sept. 10)
2:14Bachmann Discusses the Housing Bail-Out Bill
Discussing the dangerous Housing Bail-Out Bill dealing with lenders and borrowers like Fannie Mae and Freddie Mac. Washington should be concerned about helping families that can't pay their mortgages, but increasing government and taxes doesn't help them -- it hurts them ...
3:33Bush, McCain Warned of Banking Disaster, Democrats ignored
housing" for people who couldn't afford houses. People who made tens of millions running Fannie Mae are advisors to Obama who got the most campaign money from Fannie Mae. The Affirmative Action Economic Meltdown Hus on First Asian Week September 26 ...
