fannie mae

Tenants Push Biden for Rent Control on Government-Backed Housing

Fran Quigley / Waging Nonviolence Jul 12, 2023 In a move that could benefit a third of renters, tenants are organizing to require rent control for landlords who receive federal support. Dig deeper ( 7 Min. Read )

How Clinton Democrats Killed Roosevelt’s Dream of the Affordable Home

BLANK Apr 8, 2016 The following excerpt from Robert Scheer's book "The Great American Stickup" details the perversion of Fannie Mae and Freddie Mac and is particularly relevant this election season, as it explains the connection between Clinton "progressives" and the 2008 housing meltdown that impoverished millions. Dig deeper ( 8 Min. Read )

Leaked Audit Reveals That Many Seattle Mortgages Are Void

Alexander Reed Kelly / Truthdig Sep 19, 2015 An audit of land records commissioned by the Seattle City Council and leaked to local activists found that many mortgages held within the city are void, which means foreclosures based on them are illegal and unenforceable. Dig deeper ( 2 Min. Read )

Follow the Money: Big Banks, DOJ Find Benefits in Settlement Deals

Donald Kaufman / Truthdig Oct 31, 2014 Dig deeper ( 2 Min. Read )

Bank of America to Pay $9.5 Billion Over Mortgage Bonds

Staff / Truthdig Mar 27, 2014 Dig deeper ( 1 Min. Read )

It’s Good to Be a Goldman

Robert Scheer / Truthdig Feb 1, 2013 Here's a get-out-of-jail-free card, and while we're at it, take this obscenely huge bonus for having wrecked the economy. Dig deeper ( 3 Min. Read )

Why Freddie Mac Resisted Refis

By Jesse Eisinger, ProPublica Oct 26, 2012 Freddie Mac, the taxpayer-owned mortgage giant, made it harder for millions of Americans to refinance their high-interest-rate mortgages for fear it would cut into company profits, present and former Freddie Mac officials disclosed in recent interviews. Dig deeper ( 8 Min. Read )

Update: 25 People at the Heart of the Meltdown

Alexander Reed Kelly / Truthdig Aug 7, 2012 At the height of the financial crisis, The Guardian identified 25 bankers, economists, politicians and financial officials who helped bring about the worst economic crisis since the Great Depression. What are they up to now? Dig deeper ( 2 Min. Read )

The Best, Most Revealing Reporting on the Foreclosure Crisis

By Blair Hickman, ProPublica Feb 18, 2012 The U.S. housing crisis has been going on nearly five years, with still regular revelations about misdeeds by banks and others. Here’s ProPublica's roundup of standout reporting on the crisis. Dig deeper ( 2 Min. Read )

Obama Housing Plans vs. Reality

By Cora Currier, ProPublica Feb 15, 2012 The Obama administration recently unveiled a string of proposals to help struggling homeowners and get the housing market back on its feet. Here are the latest of them, whether they are anything new and whether they stand a chance of going anywhere. Dig deeper ( 4 Min. Read )

Meet the Obscure Federal Regulator Who’s Not Helping Homeowners

By Cora Currier, ProPublica Feb 8, 2012 Fannie and Freddie are required to help homeowners while earning profits so they can pay back the taxpayers who bailed them out. Here is our guide to the little-known federal regulator, Edward DeMarco, ultimately in charge of the two companies. You may have never heard of him, but as The Washington Post put it, he’s “the most powerful man in housing policy.” Dig deeper ( 4 Min. Read )

S&P Downgrades and Banks: Threats to Global Stability

Nomi Prins / Truthdig Jan 19, 2012 The markets weren’t shocked by last week’s wave of pre-broadcast S&P sovereign debt downgrades. For months, the question wasn’t “if” but “when.” And true to form, just as with the U.S. downgrade, S&P’s reasoning skated the surface of prevailing wisdom.Standard & Poor’s likes moving on Friday nights after the markets are closed. Dig deeper ( 7 Min. Read )