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.
It’s getting more expensive to get a mortgage. Data out this week from Freddie Mac shows the average 30-year fixed-rate mortgage is 4.9 percent. That’s the highest it’s been in seven years. What does that mean for prospective home buyers?
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.
President-elect Donald Trump's nominee for Treasury Secretary wants to remove government control and financial backing from the housing-finance entities.