Principal reduction (cramdown) | firsttuesday Journal

Fannie, Freddie to allow foreclosed homeowners to buy back homes

by Carrie B. Reyes | Dec 18, 2014 | Mortgages, Real Estate | 10

A step in the right direction — too bad it’s not 2008.

Big changes for the secondary mortgage market

by Jeffery Marino | Dec 11, 2013 | Real Estate | 0

In the world of secondary mortgage market reform, we’ve got good news and bad news. Which would you like to hear first?

Chase’s magically shrinking settlement

by Jeffery Marino | Nov 25, 2013 | Real Estate | 0

Now that Chase’s $13 billion settlement with the Justice Department is official, lets put it in perspective.

Out with DeMarco, in with cramdowns

by ft Editorial Staff | Apr 5, 2013 | Real Estate | 7

Attorneys general from nine states — including California’s own Kamala Harris — have called for the replacement of the Federal Housing Finance Agency’s (FHFA’s) acting director, Edward DeMarco. The FHFA dictates the actions of Fannie Mae and Freddie Mac (Frannie).

Reverse eminent domain met with redlining threat

by ft Editorial Staff | Sep 27, 2012 | Finance, Real Estate | 0

Will reverse eminent domain save or damn underwater homeowners?

Mortgage Resolution Partners (MRP) has expanded its reverse eminent domain proposal to include homeowners delinquent or in default on their loans. However, representatives of Wall Street, the mortgage industry, the Federal Housing Finance Agency (FHFA) and financial trade associations continue to…