July 24, 2024
Attorneys general from 14 states, most of them in the South, are urging the Federal Housing Finance Agency to back off a pilot program that would remove age-old title insurance requirements from some home loans sold to Fannie Mae. “The …
May 7, 2024
An updated guideline from Fannie Mae, if it stands, could throw a wrench into the property-casualty insurance industry’s move toward actual cash value for more homeowners and condo coverage. A Fannie Mae spokesperson said the government-backed mortgage corporation, which supports …
December 8, 2022
It took more than four months, but Fannie Mae and Freddie Mac have now agreed to accept an innovative but temporary solution to Florida’s property insurer rating predicament. The mortgage-buying giants on Wednesday sent letters to primary mortgage lenders, notifying …
June 7, 2021
The Supreme Court heads into the home stretch of Justice Amy Coney Barrett’s first term with a list of big-money and culturally divisive cases still to be decided. Between now and the end of June, the court is due to …
December 10, 2020
U.S. Supreme Court justices on Wednesday questioned a bid by shareholders of Fannie Mae and Freddie Mac to pursue legal claims arising from the government’s rescue of the mortgage finance firms following the 2008 housing crisis. The justices heard an …
September 26, 2016
Mortgage insurance companies are getting a long-awaited shot at expanding their business with Fannie Mae and Freddie Mac. But it’s shaping up to be less lucrative than they had hoped. Freddie Mac on Monday planned to say it will start …
December 11, 2014
Fannie Mae bought insurance to cover a portion of losses on $6.4 billion of home loans in the mortgage giant’s latest effort to share risks with private investors. The policy will cover as much as $193 million of losses on …
November 24, 2014
The Federal Housing Finance Agency has yet to deliver on changes to a controversial type of homeowners’ insurance even as its director told the Senate Banking Committee last week that it’s making progress. So-called force-placed insurance, which banks buy to …
October 28, 2014
Private insurers are considering a request by U.S. officials to guarantee mortgages for veterans — the fastest growing part of the market. The Department of Housing and Urban Development is urging mortgage insurers that rely on Fannie Mae and Freddie …
October 24, 2014
A federal judge has dismissed a lawsuit filed by Massachusetts Attorney General Martha Coakley against the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac, saying the court doesn’t have oversight of the matter. Coakley sued the …