Fannie Mae News
Through Fannie Mae , US taxpayers provide backing for some rental home giants
Some renters of homes owned by the “billion-dollar landlords” highlighted in an ABC News investigation might be surprised to learn that they, as taxpayers, have a stake in their corporate landlord’s business. That’s because of a new initiative by the Federal Housing Finance Agency (FHFA), in which
Excerpt: Ben Bernanke's 'The Courage to Act'
Excerpted from The Courage to Act: A Memoir of A Crisis and Its Aftermath by Ben S. Bernanke. Copyright © 2015 by Ben S. Bernanke. With permission of the publisher, W. W. Norton & Company, Inc. All rights reserved. Prologue: I Can Still Stop This . . . It was 8:00 p.m. Tuesday, September 16, 2008.
How to Get Your Finances in Order Before You Buy a Home
To successfully buy a home these days, you'll need patience, resilience to rejection and sound financial planning. You don’t need to earn gobs of money to successfully purchase a home -- well, depending on your area. You do, however, need to have enough income left over after your proposed mortgage
Morning Money Memo… New Mortgage Lending Rules
A change in federal rules on mortgage loans could soon give a lift to the housing market. Regulators have agreed to drop a proposed requirement that borrowers make a 20% down payment to qualify for a low-interest, high-quality mortgage. Freddie Mac and Fannie Mae are...
Can You Afford to Buy a Fixer-Upper?
Many homebuyers are drawn to the lure of the fixer-upper. And with good reason, at least on paper. But the “buy low, sell high” ethos of fixer-uppers isn’t exactly a guarantee. There are plenty of people who snagged the worst house in a great neighborhood and turned it into their dream home. You’re
The Note's Must-Reads for Tuesday, April 22, 2014
The Note’s Must-Reads are a round-up of today’s political headlines and stories from ABC News and the top U.S. newspapers. Posted Monday through Friday right here at www.abcnews.com Compiled by ABC News’ Jayce Henderson, Will Cantine and Jordan Mazza SEN. ELIZABETH WARREN ABC News’ Arlette ...
Ukraine Heats Up
By MICHAEL FALCONE (@michaelpfalcone) NOTABLES SAMANTHA POWER — PUTIN’S ACTIONS SUGGEST HE WANTS EASTERN UKRAINE. In a wide-ranging, exclusive interview with ABC’s GEORGE STEPHANOPOULOS yesterday on “This Week,” U.S. Ambassador to the United Nations Samantha Power had harsh words for Russian ...
GM Faulty Ignition Switch Probe Expands
Morning Money Memo… General Motors is facing more questions and potential legal problems over the recall of 1.6 million compact cars for faulty ignition switches. The Justice Department has launched an investigation that could lead to criminal charges. “It’s incredible to me that General...
Filibuster Reform's Biggest Winners
The landmark Senate vote to effectively eliminate the filibuster of presidential nominees opens the door to a wave of likely confirmations for President Obama. Gone are the days when 60 votes are needed to move ahead on a nominee. Now, a simple majority of 51...
Time Warner Cable Counts the Cost of CBS Dispute
Morning Money Memo… Time Warner Cable is licking its wounds after the dispute with CBS that resulted in a month-long blackout of several channels. The cable company reports a reduction of more than 300,000 TV subscribers in the 3rd quarter – its biggest loss of...