Philip Chua Business Blog

Posts Tagged ‘mortgage’

Fannie Mae is asking for less money from the government, a sign that the cost to taxpayers for bailing out the mortgage giant could be billions lower than once thought.



Fannie Mae - Mortgage - Business - United States - Financial Services

After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration has a plan to cut the amount some troubled borrowers owe on their home loans.

Foreclosure – United States – Presidency of Barack Obama – Loan – Mortgage

Treasury officials acknowledged problems in the government’s latest mortgage-modification program and announced changes at a highly critical hearing.









Foreclosure – Mortgage modification – Business – United States – Mortgage

The Federal Reserve has paid a yearlong bribe to the housing market to keep mortgage rates almost a full point below average. The $1.25 trillion payoff also known as the Mortgage Backed Security purchase program is about to end. Will the mortgage market stay bought? Honest corruption is when a…

Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.









Fannie Mae – Freddie Mac – Business – Thailand – Provinces

The Obama administration’s mortgage relief plan provided help to 7 percent of borrowers who signed up last year.









Mortgage – Presidency of Barack Obama – Business – United States – Financial Services