Fannie & Freddie in the Hot Seat - Federal Home Loan Mortgage Corp. and Federal National Mortgage Association critisized Loans Finance & Mortgage

Fannie & Freddie in the Hot Seat - Federal Home Loan Mortgage Corp. and Federal National Mortgage Association critisized

Created by Congress to expand home ownership, Fannie Mae and Freddie Mac face criticisms ranging from bullying banks to setting taxpayers up for a trillion-dollar bailout.

Fannie Mae and Freddie Mac are in the hot seat once again. Last year, attacks by assorted economists, Congress and concerned citizens flew like arrows across Washington at both Fannie (the Federal National Mortgage Association) and Freddie (the Federal Home Mortgage Corp.). While the secondary mortgage-market twins emerged unscathed, they once again are facing criticism with Congress drafting restrictive legislation and the Federal Election Commission (FEC) investigating their campaign contributions.

Lawmakers also are looking into allegations that Fannie and Freddie have threatened major banks with retaliation for criticizing the mortgage-market giants. Critics continue to express concern that, soon, Fannie Mae and Freddie Mac will have assumed the risk of more than half of all U.S. home mortgages, putting taxpayers on the hook for an astronomical bailout should there be a real-estate bust.(Continue Reading)

Fannie mae to use proacsys MetasystemSM technology - Technology Update - Federal National Mortgage Association - Proacsys L.L.C - Brief Article
Proacsys LLC announced that Fannie Mae (FNM/NYSE), the nation's largest source of financing for home mortgages, will be utilizing the Proacsys MetasystemSM ...(Continue Reading)

Privatize Fannie Mae and Freddie Mac: the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation make mortgage markets inefficient,
Fannie Mae and Freddie Mac are excellent investments because they have tax exemptions and exclusions from securities regulations. These create an advantage ...(Continue Reading)

Hampton University - William R. Harvey, Federal National Mortgage Association - Brief Article
DR. WILLIAM R. HARVEY, president of Hampton University, has been appointed to the 18-member board of Fannie Mae by President George W. Bush. Fannie Mae, ...(Continue Reading)

MortgageRamp offers XML-based technology - Technology Update - with Federal National Mortgage Association - Brief Article
MortgageRamp, a provider of technology solutions for the commercial real estate industry, and Fannie Mae announced the successful implementation of an XML-based technology platform that enables com(Continue Reading)

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