Archive of posts tagged financial institutions

Fannie Mae Announces Servicer Ratings for Foreclosure Prevention

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Government sponsored enterprise Fannie Mae recently announced additional results from its Servicer Total Achievement and Rewards Program (STAR). Fannie’s initiative, which helps evaluate servicers seeking to assist homeowners in preventing foreclosure, released more rankings from the second-quarter, highlighting those servicers that achieved at least a 3 STAR measurement for the period. Targeting consistency in customer …

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Fannie Mae & Freddie Mac to close down?

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Home Runs? Government announces plans to “wind down” Fannie Mae and Freddie Mac Responding to financial losses and market distortions caused by mortgage giants Fannie Mae and Freddie Mac, the Obama administration sent Congress a plan to “wind down” the two government-owned secondary lenders over several years, “shrink the government’s footprint in housing finance, and …

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What Wall Street reform means for your mortgage — No more predatory lending?

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CNNMoney.com had an article on predatory lending: Predatory lending would likely become a thing of the past if proposed regulatory reform rules are put into practice. And that may mean that mortgages get more expensive and more difficult to get, lenders warn. The new rules, which Congress is expected to vote on this week, require …

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