Freedom's Phoenix -- Global Edition -- "Uncovering the Secrets and Exposing the Lies"
Freedom's Phoenix: Uncovering the Secrets & Exposing the Lies
wallet voting
Join us on our
Social Networks		  
Wednesday, May. 23, 2012
The Light of Revolution (Ron Paul 2012)
 
Free talk live
 
Zoe Taylor Award
 
Liberty Radio Network App
 
 
The Iron Web Larken Rose The United States is fast losing its reputation as the land of happiness an
 

NEWS LINKS

Sign up to receive the Freedom's Phoenix Headlines by Email.

HELP FUND FREEDOM'S PHOENIX!
Make a one-time or periodic contribution.
Use your credit card or PayPal account.

Join us on our
Social Networks

Share this page with your friends
on your favorite social network:

     

Fannie, Freddie writedowns too costly: regulator

News Link  •  Housing

Fannie, Freddie writedowns too costly: regulator


01-23-2012  •  Reuters 

The regulator for Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) told lawmakers that forcing the government-controlled mortgage firms to write down the principal on underwater home loans would require more than $100 billion in fresh taxpayer funds.

In a letter sent on Friday to the Republican and Democratic leaders of a House of Representatives government oversight panel, the Federal Housing Finance Agency explained why it has long opposed principal reductions for borrowers who owe more than their homes are worth. In that situation, the mortgage is deemed "underwater."
 
 Read Full Story
Reported by Powell Gammill
Shocking Video . . .
• •
Additional related items you might find interesting:
News Link  •  Housing
 10 States Where You Can Get Amazing Deals On Foreclosed Homes
05-21-2012  •  http://www.businessinsider.com, Mamta Badkar 
News Link  •  Housing
 The Firm Who's Suing The Bankers Is No Better Than Them
05/12/2012  •  godlikeproductions.com 
News Link  •  Housing
 Florida foreclosure case could slam banks
05-10-2012  •  Reuters 
Tags: regulator, fannie, freddie, lawmakers, forcing, government, controlled, mortgage, principal, underwater, require, billion, taxpayer
Roberts Roberts Brokerage Inc.  
A Grave Warning . . .  
Liberty Radio Network App  
7 Tiny Stocks Ripe for Takeover  
The Iron Web Larken Rose The United States is fast losing its reputation as the land of happiness an
 
Freedom Forum   News Links   Feature Articles   Opinions   Reference Links   Writers
Front Page   About Us   Contact Us   Link To Us   Terms of Use   Privacy Policy   Writer Log-in

FreedomsPhoenix.com
The domain and name of this website are servicemarks of Ernest Hancock.
Website is Copyright © 2012 by Ernest Hancock.  All rights reserved worldwide.
Feature articles, columns, illustrations, and photographs are copyrighted and may not be
reproduced without the expressed permission of the credited writer, artist, or photographer.
No portion of this website, text, images, or source code may be framed on another website,
copied, reproduced, or distributed, by any means, without the written permission of
Ernest Hancock, 4886 W Port Au Prince Ln, Glendale, AZ 85306 USA.
 

 
Website Designed by
 USA Web
Advertising
Phoenix, Arizona
Arizona Life
Your Online Guide to
Attractions in Arizona
 
Time to display page: 0.290 Seconds