/tags/mortgage-assistance Mortgage Assistance en-US Copyright KUNC/Community Radio for Northern Colorado 2020 Wed, 07 Aug 2013 15:24:00 GMT /npr-news/2013-08-07/freddie-mac-earns-5-billion-in-3-months-to-pay-u-s-4-4-billion Mortgage backer Freddie Mac says it has extended its streak of profitable quarters to seven in a row. The $5 billion in earnings is the second-highest in its history, the company said in its quarterly report Wednesday. Wed, 07 Aug 2013 15:24:00 GMT /npr-news/2013-08-07/freddie-mac-earns-5-billion-in-3-months-to-pay-u-s-4-4-billion Bill Chappell /2013-07-18/congress-takes-renewed-aim-at-fannie-mae-freddie-mac Risky bets by the mortgage giants Fannie Mae and Freddie Mac helped to trigger the financial crisis. After being bailed out by taxpayers and put under government conservatorship, there's new momentum in Washington to dismantle the mortgage giants. Thu, 18 Jul 2013 08:00:00 GMT /2013-07-18/congress-takes-renewed-aim-at-fannie-mae-freddie-mac Chris Arnold /npr-news/npr-news/2013-07-17/congress-debates-taking-a-step-back-from-the-mortgage-market Lawmakers are trying to figure out how to scale back the outsize role that mortgage giants Fannie Mae and Freddie Mac play in the housing market. A bipartisan Senate proposal would replace Fannie and Freddie with a scaled-down program, while a Republican House proposal would go even further. Wed, 17 Jul 2013 21:22:00 GMT /npr-news/npr-news/2013-07-17/congress-debates-taking-a-step-back-from-the-mortgage-market Scott Horsley /npr-news/2013-06-18/we-were-told-to-lie-say-bank-of-america-employees Six former employees and one contractor say Bank of America's mortgage servicing unit consistently lied to homeowners, fraudulently denied loan modifications and offered bonuses to staff for intentionally pushing people into foreclosure, according to a Salon.com report. Tue, 18 Jun 2013 21:24:00 GMT /npr-news/2013-06-18/we-were-told-to-lie-say-bank-of-america-employees Steve Mullis /npr-news/2012-11-16/fha-announces-moves-designed-to-avoid-taxpayer-bailout An audit found that the agency is on pace to run out of money by September. The Obama administration, however, announced a series of steps to increase revenue. Fri, 16 Nov 2012 18:17:00 GMT /npr-news/2012-11-16/fha-announces-moves-designed-to-avoid-taxpayer-bailout Eyder Peralta /npr-news/2012-11-16/hidden-housing-subsidy-may-soon-come-out-of-hiding A program that backed lots of mortgages during the housing bust may soon need taxpayer money to make good on its promises. Fri, 16 Nov 2012 15:52:00 GMT /npr-news/2012-11-16/hidden-housing-subsidy-may-soon-come-out-of-hiding Jacob Goldstein /npr-news/2012-10-09/u-s-government-sues-wells-fargo-in-mortgage-case The government alleges the bank knew some loans it issued did not meet federal requirements. Tue, 09 Oct 2012 21:09:00 GMT /npr-news/2012-10-09/u-s-government-sues-wells-fargo-in-mortgage-case Eyder Peralta /2012-10-03/homeowners-facing-foreclosure-get-new-protections The national bank settlement over robo signing takes effect Wednesday. And the California monitor for the settlement says the most notable complaint her office gets is for "dual-tracking." That's when homeowners are on track to be foreclosed on while trying to get a mortgage modification. Wed, 03 Oct 2012 08:00:00 GMT /2012-10-03/homeowners-facing-foreclosure-get-new-protections Yuki Noguchi /2012-08-30/mortgage-settlement-monitor-issues-first-report So far, the banks have offered more than $10 billion in consumer relief, in the form of refinancing, modifications and loan forgiveness. Bank of America must pay the biggest share of the settlement, But the report showed the bank had not completed any refinancings or principal-reduction modifications. Thu, 30 Aug 2012 08:00:00 GMT /2012-08-30/mortgage-settlement-monitor-issues-first-report Yuki Noguchi /npr-news/2012-08-29/bank-of-america-hasnt-modified-any-mortgages-as-it-had-agreed-to Other banks did make progress erasing $1.3 billion of mortgage principle through loan modifications. Wed, 29 Aug 2012 18:41:00 GMT /npr-news/2012-08-29/bank-of-america-hasnt-modified-any-mortgages-as-it-had-agreed-to Eyder Peralta