Ending Fannie Mae and Freddie Mac: What it Could Mean

In a speech last week President Obama endorsed reducing the role that the United States government plays in the housing sector.  One way he proposed to do that is by closing the doors of Fannie Mae (Federal National Mortgage Association, FNMA) and Freddie Mac (Federal Home Loan Mortgage Corporation, FHLMC). “They’re not really government but […]

Refinance Program Overhaul

  Yesterday (10/24/11) President Obama announced plans to overhaul the Home Affordable Refinance Program (HARP).  HARP was originally introduced by President Obama shortly after he took office in 2009.  It was scheduled to expire in June 2012 but now will be extended through the end of 2013.  The goal of HARP is to help borrowers […]