FHFA Says No To Cutting Amount Homeowners Owe On Fannie Mae & Freddie Mac Mortgages

FHFA Says No To Cutting Amount Homeowners Owe On Fannie Mae & Freddie Mac Mortgages

Saying Fannie Mae and Freddie Mac have already cost taxpayers more than $188 billion, the acting chief of the Federal Housing Finance Agency, which regulates those lenders, says he has concluded that those firms won’t participate in the Obama administration’s program to cut the amount struggling homeowners owe. [More]

Fannie And Freddie To Pay $210 Million In Retention Bonuses

Fannie And Freddie To Pay $210 Million In Retention Bonuses

Fannie Mae and Freddie Mac are preparing to hand out $210 million in taxpayer-funded retention bonuses to 7,600 employees. No bonus will exceed $1.5 million, but more than half of all Freddie and Fannie employees will receive an average bonus exceeding $24,000.