Freddie Mac

04/17/2008 -- California Governor Arnold Schwarzenegger today issued the following statement after Fannie Mae, Freddie Mac, Wells Fargo Bank, Washington Mutual, CitiMortgage and JP Morgan Chase announced plans to provide billions of dollars of conforming jumbo mortgages in high cost locations.

Arnold Schwarzenegger: Photo courtesy California Governor's office

Their actions, which allow for loans as high as $729,750, stem from the new higher federal loan limits requested by Governor Schwarzenegger and included in the federal economic stimulus package signed by the President earlier this year.    » read more »

Nation’s Two Largest Purchasers of Home Loans Agree to Only Buy Mortgages From Banks That Meet Requirements of New Home Value Protection Code

NEW YORK, NY (March 3, 2008) – New York Attorney General Andrew M. Cuomo today announced that the nation’s two largest purchasers of home loans, Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), have entered into cooperation agreements requiring them to only buy loans from banks that meet new standards designed to ensure independent and reliable appraisals.    » read more »

Opportunity comes at a critical time for California, which is facing the second highest foreclosure rate nationwide

January 24, 2008 -- Washington, D.C. – U.S. Senator Barbara Boxer (D-CA) today wrote to the Chairmen of the Senate Banking and the House Financial Services Committees to lay out the critical importance of raising the loan limits to $750,000 for federally-backed mortgages in the upcoming economic stimulus package.    » read more »

Alleges Company Hid Billions in Sub-Prime Mortgage Lending Losses

January 22, 2008 -- COLUMBUS, OH – Alleging that the Federal Home Loan Mortgage Corporation, more commonly known as Freddie Mac (NYSE:FRE), “secretly and intentionally participated in one of the largest housing investment deceptions in modern U.S. economic times,” Ohio Attorney General Marc Dann last Friday filed a securities fraud class action lawsuit in federal court in Youngstown, Ohio.    » read more »

Loan Servicers, Victims, Fannie Mae and Freddie Mac to Testify

December 7, 2007 - Senator Arlen Specter, along with Senator Bob Casey and Congressman Tim Holden, will hold a hearing on the Lancaster and Berks area Homeowners’ mortgage crisis.

DATE/TIME: 3:00pm on Monday, December 10, 2007
LOCATION: Penn State’s Harrisburg Campus
Student Center, Room 210, Capital Union Bldg.
777 West Harrisburg Pike
Middletown, PA 17057    » read more »

Issues Notice of Martin Act Subpoenas to Nation’s Two Largest Mortgage Financiers Expanding Industry-Wide Investigation; Fannie Mae and Freddie Mac Agree to Demand for Immediate Independent Examiner to Review All Washington Mutual Appraisals

NEW YORK, NY (November 7, 2007) - New York Attorney General Andrew M.    » read more »

Kids to learn from former pros in the "Legends for Youth" program