David Kellermann, Freddie Mac Acting CFO, Found Dead in Virginia

David Kellermann, Freddie Mac's acting CFO, was found dead at his home in Fairfax, Virginia this morning, after an apparent suicide. Kellermann was the acting Chief Financial Officer and senior vice-president of the...

Thanks to ACORN, It's A Different World

Written by Phil Gremillion, a man described as "a businessman, farmer, inventor and Cajun who lives in Lafayette (La.)," a commentary published today in The Daily Advertiser of Lafayette, La., follows perfectly on...

Freddie Mac Cuts Down Government Foreclosures

Freddie Mac has suspended government foreclosures for mortgage loans qualified for any of the housing schemes offered under Obama’s program, the HOPE NOW program and other federal loan modification programs. " Freddie Mac showed its commitment to help ensure the success of...

Freddie Asks $30.8 Billion More for Foreclosures

Freddie Mac has asked the U.S. Treasury for an additional funding of $30.8 billion to enable it to continue carrying out its mission of helping avert further foreclosures. In the fourth quarter of 2008, Freddie...

Short, Naked, Crooked, & in Charge

"Anyway, I keep picturing all these little kids playing some game in this big field of rye and all. Thousands of little kids, and nobody's around - nobody big, I mean - except me. And I'm standing on the edge of...

Fannie and Freddie: Control Evictions Due to Foreclosures

When Fannie Mae and Freddie Mac have been nationalized in September, they have been transformed into housing-aid agencies. They have already frozen a lot of foreclosures last year and this year, they are pioneering programs that would let borrowers rent their own properties...

Fannie Mae Strikes Deal with Neighborhood Assistance to Stem F...

As the tide of foreclosure continues to wreak havoc to the housing industry, mortgage giant Fannie Mae has decided to bury the hatchet and work with one of its most vocal critics — Neighborhood Assistance Corp of America. " The agreement reached by these two actually...

Freddie Mac and Frannie Nic, or how to start the New Year right

 What is REALLY wrong with Freddie Mac and Frannie Mae? The answer in just a moment. But first, let me set this all up. Robert Burns’ “Auld Lang Syne” has given American New Year’s celebrations a...

Atlanta Homeowners Get Help on Foreclosures

There is no doubt that the crisis in foreclosures is worsening. Recent surveys have all been proofs of the rising number of foreclosure properties in the country. With this situation in mind, some states did what...

Can The New Federal Lending Plan Stop Foreclosures?

In a new announcement that left the mortgage market dumbfounded, the Federal Reserve and the National Treasury announced that it will release another $800 billion in funds to new lending programs to get the credit market running once more and to force mortgage rates down in a...

Debate on Government’s Foreclosure Plan Rages On

Washington is still unsettled as to how to handle the foreclosure crisis."Last November 11, the administration publicized the government’s $ 700 billion plan to refinance delinquent loans controlled by mortgage companies, Freddie Mac and Fannie Mae. The already passed...

FDIC Proposes to Spend $24 Billion to Address Foreclosures

The Federal Deposit Insurance Corp. (FDIC) is planning to use an estimated $24 billion in federal funds to help nearly 1.5 million homeowners in the United States avoid foreclosure."The program includes providing guarantees to 2.2 million loans that have been modified,...

U.S. Government Aid for Homeowners Facing Foreclosure

According to sources in Washington, the United States government has proposed a plan to help homeowners facing foreclosures. Federal officials announced the plan last Tuesday as giants in the mortgage market such as Freddie Mac and Fannie Mae launched a new approach to deal...

Freddie & Fannie Loans: 98.6% Are Current

Freddie & Fannie Loans: 98.6% Are Current Last week the Federal Housing Finance Agency Mortgage Metrics Report was released (10/22/08) by Fannie Mae and Freddie Mac. This quarterly report is a, “Disclosure and Analysis of Fannie Mae and Freddie Mac Mortgage Loan...

Will Radical Socialists Steal the Rest of America?

 The radical socialists have stolen our retirement money, they have stolen the values of our homes, they have ruined and closed our banks and stolen the value of our vote, and, now, the polls say, they will...

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