Is the Obama administration failing the housing market? Maybe.
The Federal Housing Finance Administration is moving ahead with the planned sale of about 500 Fannie Mae-owned homes that have been foreclosed in Los Angeles and the Inland Empire despite protests from the California Association of Realtors.
In an effort to distract voters from his tax records, W. Mitt Romney launched a four pronged push back yesterday. Romney’s problem: each move revealed more about the problems with his floundering campaign.
Tenants of a rundown home infested with rats, mosquitos and cockroaches and lacking in heat or electricity are accusing of Fannie Mae of being a slumlord.
Another credit downgrade for two of the nation’s biggest loan agencies could leave more Angelenos digging deeper into their pockets.
Waters, a senior Democrat on the House Financial Services Committee, said the settlement “may amount to a backdoor bailout that props up the bank at the expense of taxpayers”.
Are you struggling to make your mortgage payments and have a loan with Fannie Mae? A new help center is opening in Culver City that may help you avoid foreclosure.