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calculatedrisk.blogspot.com - 11/11/2008
Fannie, Freddie to Present Loan Mod Plan at 2PM ET
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From the WSJ: Fannie, Freddie Work on Mass Loan Modification Plan Fannie Mae, Freddie Mac and U.S. officials are expected to announce plans Tuesday to speed up the modification of hundreds of thousands of loans ... The streamlined effort will target certain loans that are 90 days or more past ...
online.wsj.com - 11/11/2008
Fannie, Freddie Work on Mass Loan Modification Plan
— online.wsj.com — WASHINGTON -- Fannie Mae , Freddie Mac and U.S. officials are expected to announce plans Tuesday to... speed up the modification of hundreds of thousands of loans held by the housing finance giants, marking the latest effort to try and prevent more ... (more) Fannie, Freddie Work on Mass Loan Modification Plan

Comments vote down The Big Picture found this 11/11/2008found this
krugman.blogs.nytimes.com - 11/17/2008
Fannie Freddie Phony
— krugman.blogs.nytimes.com — So I was listening to Arnold Schwarzenegger before doing the This Weak round table, and he was... mostly making sense - except for one thing. He asserted, as a simple matter of fact, that "government created the housing bubble", because Fannie and ... (more) Fannie Freddie Phony

Comments vote down J. Bradford DeLong's Grasping Reality with All Eight ... found this 11/17/2008found this

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Bear Mountain Bull:  Loan Mods

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Loan Mods
Bear Mountain Bull — More efforts from Fannie and Freddie to keep housing prices propped up struggling homeowners in their homes. Details later . Here’s a little info from the WSJ: The streamlined effort will target certain loans that are 90 days or more past due. The program will aim to bring the ratio of mortgage payments for these homeowners to 38% of their income by modifying interest rates and in some cases forgiving portions of principal debt. Borrowers would have to provide a statement or affidavit showing that they have encountered some sort of hardship that has impacted their ...

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