Descriptions in appraisal reports can create racial bias and reduce the selling price of a home. Fannie Mae is trying to clamp down on tha
A plan to return the mortgage giants to private control was complicated by the pandemic's economic risks.
A new "adverse market fee" kicked in this week, despite declining interest rates.
The White House released its plan to end government stewardship of the companies that control half of all mortgages in the U.S.
A Trump administration plan for reform is expected soon.
One of the last big unresolved issues from the financial crisis is what to do about Fannie Mae and Freddie Mac. Together with government-owned Ginnie Mae, they own or guarantee more than half the home loans in the country. Fannie and Freddie have been under conservatorship — bascially government protection and control — since 2008, […]
President Trump's pick for housing regulator has questioned the loan's benefits.
Why are the mortgage giants still under government control?
Mortgage finance giants Fannie Mae and Freddie Mac consider one credit score when determining the creditworthiness of mortgage applicants: FICO. Some members of Congress want to change that by adding a provision to a bank deregulation bill that would require Fannie and Freddie to also look at applicants’ VantageScore. The company that calculates VantageScores is […]
Timothy Mayopoulos joined Fannie Mae a few months after it was taken over by the government. Today, he's the CEO.