New Orleans Now the Federal Housing Finance Agency has indicated that it will file suit against a gang of giant financial institutions for their sloppy work and lack of “due diligence” in assembling securitization pools of home mortgages. Their aim is to collect billions of dollars that were lost in this way by Fannie Mae …
Tag: Fannie Mae
Housing Help or More Bank Bailout?
Lafayette More headlines, and more hopelessness seems to emerge around housing policy in the United States as both homeowners and others desperate about the economy desperately read between the lines looking for an answer and only finding more cluelessness, even as some nuggets of the Obama Administration’s failed policies continue to slip out. This time …
Hard Times and Wild Kingdom
Nairobi The stories on the streets here and the headlines around the world are daunting. The law trimming back collective bargaining in Ohio seems even worse than Wisconsin. The banks and servicers managed to scuttle another foreclosure avoidance program which would have used $1 billion to bridge losses of income and has not accepted one …