Annual housing production rate tops 1 million
Strong increases in both single-family and multifamily starts raised our nationwide housing production 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to...
View ArticleMel Watt sworn in as housing regulator
WASHINGTON — North Carolina Rep. Mel Watt has been sworn in to lead the Federal Housing Finance Agency. Vice President Joe Biden presided over a ceremonial swearing-in on Monday on the White House...
View ArticleSpecial election set after Watt’s resignation
CHARLOTTE — Gov. Pat McCrory has decided to hold a special election to fill Democratic U.S. Rep. Mel Watt’s seat when the primary and general elections are held in 2014. The Republican governor said...
View ArticleFunding sought for affordable housing projects
A third of the nation’s U.S. senators have sent a letter to Mel Watt, the new head of the Federal Housing Finance Agency and a former U.S. congressman from Charlotte, asking him to use funds from...
View ArticleMassachusetts sues federal agency over housing law
BOSTON — Attorney General Martha Coakley has sued the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac for refusing to comply with a state law designed to stem the tide of...
View ArticleWatt to headline mortgage conference
Federal Housing Finance Agency Director and former Charlotte area U.S. Rep. Mel Watt will be a featured panelist at the 2014 American Mortgage Conference in Raleigh from Sept. 8-10 at the Crabtree...
View ArticleGoldman in deal worth $1.2B over US bond claims
WASHINGTON — Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them...
View ArticleJudge dismisses Coakley federal housing lawsuit
BOSTON — A federal judge has dismissed a lawsuit filed by Attorney General Martha Coakley against the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac, saying the court...
View ArticleBuying back in: Fannie Mae, Freddie Mac modify REO sales policy
In what may prove to be a controversial move, the Federal Housing Financing Agency has directed Fannie Mae and Freddie Mac to alter their policies on the sale of some 121,000 foreclosed properties in...
View ArticleMore Americans to buy homes with 3 percent down
WASHINGTON — Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say....
View Article
