188
188
Aug 8, 2012
08/12
by
KQEH
tv
eye 188
favorite 0
quote 0
not yet. >> reporter: a turn in home prices is helping freddie mac. with delinquency rates falling, the company reduced its provision for bad loans by $1.7 billion. karen petrou estimates loan loss reserves are now less than 1% of freddie mac's mortgage portfolio. >> that might be enough, but it's a very risky proposition. >> reporter: and while freddie mac now owns fewer bad loans made during the housing bubble, it is taking on some new risk. 8% of its loans are now to people who have negative equity in their homes. >> so when they refinance, the loan has a very high loan-to- value ratio, 125% or even higher. those are by definition risky loans. they may be new, but they're risky. >> reporter: another risk: mortgage rates are hovering near record lows. >> they have a tremendous amount of interest rate risk in their book. so when interest rates start to go up-- i believe it will a year or two or three-- the value of their portfolios will start to plummet. so we have some losses baked into the cake we just haven't recognized yet. >> reporter: lawmakers
not yet. >> reporter: a turn in home prices is helping freddie mac. with delinquency rates falling, the company reduced its provision for bad loans by $1.7 billion. karen petrou estimates loan loss reserves are now less than 1% of freddie mac's mortgage portfolio. >> that might be enough, but it's a very risky proposition. >> reporter: and while freddie mac now owns fewer bad loans made during the housing bubble, it is taking on some new risk. 8% of its loans are now to people...
95
95
Aug 23, 2012
08/12
by
CURRENT
quote
eye 95
favorite 0
quote 1
took $1.6 million from freddy freddie mac and cosponsored a bill that would have given $60 million a year to an u.n. program supporting china's brutal one-child policy. >> jennifer: gingrich's campaign called for stations to pull that ad. his lawyers sent a letter to georgia tv station. but the ad did not come down. and the manager of the local georgia radio station told npr while he did get newt gringrich's letter, he he said, quote, these letters come down on a regular basis during the political season. he looked to see that the ad was truthful and then they go ahead and air it as everybody does. that's just what i do not get. how can candidates continue to lie in their ads and get away with it and assume these stations are going to continue to run them. so i want to ask that question to an expert. joining me now from los angeles
took $1.6 million from freddy freddie mac and cosponsored a bill that would have given $60 million a year to an u.n. program supporting china's brutal one-child policy. >> jennifer: gingrich's campaign called for stations to pull that ad. his lawyers sent a letter to georgia tv station. but the ad did not come down. and the manager of the local georgia radio station told npr while he did get newt gringrich's letter, he he said, quote, these letters come down on a regular basis during the...
131
131
Aug 24, 2012
08/12
by
FBC
tv
eye 131
favorite 0
quote 0
but the question is, how did fannie and freddie get into a position of being so dominant?s it that difficult to sort of detach them from us? 7 out of 10 mortgages are with them, they are like a monster. >> they are, they represent 60% of the liquidity in the secondary market, the thought, as many as we would like to see them go away because of structural defects in the way they are designed at the core. a great book, reckless endangerment, outlines a lot of problems there. but we can't throw them off the cliff too quickly, they do represent all of the liquidity at a time when there is so lite liquidity. neil: what worries me, even critics of freddy and fan, they don't say's peep with this financial reform law, they are both left out. they bero the most money from it. have the worst payback record of any one who profited from it. and yet, they go on and on and on, it is like they have pictures of politicians, i don't know, what is the deal? >> not sure what they have, but it has gone on far too long, we need a change, i hope that two presidential candidates really det serio
but the question is, how did fannie and freddie get into a position of being so dominant?s it that difficult to sort of detach them from us? 7 out of 10 mortgages are with them, they are like a monster. >> they are, they represent 60% of the liquidity in the secondary market, the thought, as many as we would like to see them go away because of structural defects in the way they are designed at the core. a great book, reckless endangerment, outlines a lot of problems there. but we can't...
205
205
Aug 17, 2012
08/12
by
KRCB
tv
eye 205
favorite 0
quote 0
to make sure fannie and freddie can keep those loans flowing, the government is changing the terms of the deal it struck when it took control of the two mortgage giants. as darren gersh explains, the move is designed to reassure nervous markets. >> reporter: the federal government has pumped $190 billion to keep fannie mae and freddie mac afloat. but that money came with a price, a 10% dividend payment. the only problem is, fannie and freddie have been borrowing from the treasury to pay the treasury back. >> each year, they have to come up with $19 billion in dividends. which, when you're not making much money, is hd to do. so they have been borrowing money to pay the dividends to borrow the money to pay the dividends. >> reporter: to end that spiral, instead of a dividend, fannie mae and freddie mac will now simply give the treasury everything they earn. the move is timely, because at the end of the year, the mortgage giants' unlimited backstop from the treasury will expire. next year, they'll have to make do with a credit line of $210 billion. >> they still have a $210 billion backs
to make sure fannie and freddie can keep those loans flowing, the government is changing the terms of the deal it struck when it took control of the two mortgage giants. as darren gersh explains, the move is designed to reassure nervous markets. >> reporter: the federal government has pumped $190 billion to keep fannie mae and freddie mac afloat. but that money came with a price, a 10% dividend payment. the only problem is, fannie and freddie have been borrowing from the treasury to pay...
29
29
tv
eye 29
favorite 0
quote 0
i mean the taxpayers don't have to keep bailing out fannie mae and freddie mac. i think i think that's the first point is we've bailed out a lot of institutions that shouldn't have to get it that doesn't mean we need to keep it with fannie mae and freddie mac. but more to the point with principle reductions they work in some cases that's why some people back them but look at the results of the program that we're talking about the home affordable modification program champ fifty percent minimum of people who have gone into that program i wound up redefault thing on their mortgage the point of this point of modification is to in theory help families that would otherwise be able to make payments on their homes and they they just got behind only to lower the payments but when we've done that through this program already at least half of them have read the bulk of it so when the market looks at the numbers and they look at what the outcome could have been and what the minimum benefits the taxpayers would have been any assumed about a fifty percent success rate if you
i mean the taxpayers don't have to keep bailing out fannie mae and freddie mac. i think i think that's the first point is we've bailed out a lot of institutions that shouldn't have to get it that doesn't mean we need to keep it with fannie mae and freddie mac. but more to the point with principle reductions they work in some cases that's why some people back them but look at the results of the program that we're talking about the home affordable modification program champ fifty percent minimum...
196
196
Aug 8, 2012
08/12
by
WJLA
tv
eye 196
favorite 0
quote 0
along with mortgage giant fannie mae, freddie mac has taken nearly $190 billion in u.s. assistance.the obama administration is looking to help out farmers who are dealing with the worst threat -- drought in a generation. it will provide an additional $30 million to get more money to buy stock and rehabilitate land. the house already passed the $380 million emergency relief package on august 2. starbucks is looking to expand its starbucks and -- mobil payment system. i'll have more details on that coming up in the next hour. that is business news, live at bloomberg headquarters in new york -- linda bell. back to you. >> it is now 4:37. >> vdot kreuz are trying to the driver's seat after a massive tree >> starting on monday, vdot crews will remove 59 trees in fairfax county. >>this is after a repeat of last month's incident -- a massive tree fell right on to a car on a georgetown pike and killed the driver. most of the trees are a long river bend and ground mill road. the project will take three weeks. >> let's get a check on the forecast. >> we are taking a look at our temperatures.
along with mortgage giant fannie mae, freddie mac has taken nearly $190 billion in u.s. assistance.the obama administration is looking to help out farmers who are dealing with the worst threat -- drought in a generation. it will provide an additional $30 million to get more money to buy stock and rehabilitate land. the house already passed the $380 million emergency relief package on august 2. starbucks is looking to expand its starbucks and -- mobil payment system. i'll have more details on...
149
149
Aug 12, 2012
08/12
by
CSPAN2
tv
eye 149
favorite 0
quote 0
we like him to barney frank who was the godfather of fannie mae and freddie mac. the two of them, mozilla in the private sector and frank and the public sector with this unholy alliance that allowed countrywide and people who profited by imitating countrywide to create loans people could never repay. why would you do that? they turned around and sold those to the federal government. how was that made possible? by barney frank for fannie and freddie in the name of all kinds of high-minded altruistic social benefits. housing for everybody and put 4 people in to mcmansions they can't afford. that is the world of "atlas shrugged". the world we barely survived in the financial crisis and still struggling to come out of. >> host: what do you do for a living? >> investment advisor for other investment advisers. >> host: what does that mean? >> i give strategic advice on stock market and currency market and commodity market and other investment managers who serve -- hedge fund managers and the like. >> host: in your work how much government regulation is in what you do? >
we like him to barney frank who was the godfather of fannie mae and freddie mac. the two of them, mozilla in the private sector and frank and the public sector with this unholy alliance that allowed countrywide and people who profited by imitating countrywide to create loans people could never repay. why would you do that? they turned around and sold those to the federal government. how was that made possible? by barney frank for fannie and freddie in the name of all kinds of high-minded...
164
164
Aug 18, 2012
08/12
by
FOXNEWS
tv
eye 164
favorite 0
quote 0
i was looking at the earnings for fannie and freddie. fannie mae, $5.1 billion second quarter profit. they paid out dividends in $2.9 billion in dividends to taxpayers and freddy, $3 billion in profits. these companies are making money again. >> they're really not, 'cause there is a lot of fuzzy math here, but they're still pulling down billions and billions of dollars over and above that off of the treasury and off of the books of you and i and every taxpayer. it's a problem. it's a bipartisan problem. it's an issue. this isn't one political statement. both parties, we got ourselves into this, but there is other ways to get out. but they're continuing to draw money out. when that press release came out, it gives the impression to anybody that things are getting paid back and it just isn't true. >> rick: all right. tell us your take on the housing market as a whole. >> sure. overall, the economy has come up. we've gone up to levels we never thought literally, that we'd be at at this point. things are getting a little bit better and in ce
i was looking at the earnings for fannie and freddie. fannie mae, $5.1 billion second quarter profit. they paid out dividends in $2.9 billion in dividends to taxpayers and freddy, $3 billion in profits. these companies are making money again. >> they're really not, 'cause there is a lot of fuzzy math here, but they're still pulling down billions and billions of dollars over and above that off of the treasury and off of the books of you and i and every taxpayer. it's a problem. it's a...
21
21
tv
eye 21
favorite 0
quote 0
that's fannie and freddie no why are these guys the biggest lenders or sellers that's because they don't have the ability as depository and institutions do to get that zero point twenty five interest rate so they have to lend their phones to banks so that the banks can collect that interest rate so you have these two dominant players fannie and freddie as the biggest sellers by a federal reserve economist the senior one's own admission in an e-mail to a reader of the economic policy journal he admits that these fannie and freddie preferred to do business only with a handful of banks so we have the. operating with a handful of banks and setting it an interest rate policy. that has billions if not trillions tied to it and where we heard this before i mean isn't this the very problem that we're trying to overcome right and i want to bring up that e-mail because we do have a quote from it just so our audience can see from the senior fed official or economist that you said sent this to economic policy journal. employee anecdotal evidence suggest that all of the housing related entities are wi
that's fannie and freddie no why are these guys the biggest lenders or sellers that's because they don't have the ability as depository and institutions do to get that zero point twenty five interest rate so they have to lend their phones to banks so that the banks can collect that interest rate so you have these two dominant players fannie and freddie as the biggest sellers by a federal reserve economist the senior one's own admission in an e-mail to a reader of the economic policy journal he...
136
136
Aug 18, 2012
08/12
by
CSPAN2
tv
eye 136
favorite 0
quote 0
without fannie mae and freddie mac there would have been a housing bubble and a financial crisis. they permitted mortgage-backed securities that enabled lenders to bundle their loans in securities and sell them to other investors. once they sold them they no longer had a strong stake. and if people defaulted on their mortgages they got their pay-out of it. lenders are less vigilant in their scrutiny of borrowers. they made loans to people they shouldn't have made loans to because they can sell their mortgages and bundled securities downstream and once that happened banks who thought the derivative securities insulated them from risk start taking much more risk in the lending practice. when i bought my first outside put twenty-five% down. my kids buy houses with nothing down and get low-interest teaser loans. they have balloon payments after a few years. many people were critical of homeowners for borrowing too much and getting in over their heads loans they couldn't repay. john mccain was sharply critical of homeowners in that bucket but i think that underestimates the incentives
without fannie mae and freddie mac there would have been a housing bubble and a financial crisis. they permitted mortgage-backed securities that enabled lenders to bundle their loans in securities and sell them to other investors. once they sold them they no longer had a strong stake. and if people defaulted on their mortgages they got their pay-out of it. lenders are less vigilant in their scrutiny of borrowers. they made loans to people they shouldn't have made loans to because they can sell...
153
153
Aug 3, 2012
08/12
by
MSNBC
tv
eye 153
favorite 0
quote 0
mitt romney would like to blame freddie mac and fannie mae for the financial collapse. well, this person he has just hired to help him out with messaging on his business career was a lobbyist for fannie mae. so the campaign has to make a calculation about whether or not to hire this person. and all of these things on the "don't hire her" side, all of these things on the "not pro but kon side," these are, frankly, just such flaming political bags of poop on the doorstep. there must be something really great on the other side of the ledger. there must be something great about this hire that outweighs all those things that are downsides. well, the other salient thing in her background that she's more well known than having cynthia nixon portray her about being a lobbyist for the thing about destroying the economy, the thing she's more famous for is this. she was the top p.r. person in charge of trying to make bp look good in the wake of the bp oil spill. that's who mitt romney just hired to make his bain record look better. remember when the guy who was the head of bp did
mitt romney would like to blame freddie mac and fannie mae for the financial collapse. well, this person he has just hired to help him out with messaging on his business career was a lobbyist for fannie mae. so the campaign has to make a calculation about whether or not to hire this person. and all of these things on the "don't hire her" side, all of these things on the "not pro but kon side," these are, frankly, just such flaming political bags of poop on the doorstep....
429
429
Aug 8, 2012
08/12
by
WFDC
tv
eye 429
favorite 0
quote 0
tras tanto el padre de la niÑa habÍa dado parte a la polici Ía de su desapariciÓn, fue el oficial freddynto al sospechoso la pequeÑa comenzÓ a llorar pidiendo por su padre fue entonces que el oficial se dio cuanta que algo habÍa sucedido y procediÓ a arrestar al sujeto policia estos dos hechos ocurrieron entre el 9 de julio y el 6 de agosto, por el momento solo se conoce estos dos casos es por esta razÓn que se recuerda a los padres no descuidar a sus niÑos en ningÚn momento. seguimos con claudia. vamos a la pausa pero cuando regresemos... otra vez podria aumentar las facturas de electricidad para los usuarios de pepco.... y en colombia, anuncian la captura de un presunto narcotraficante que trabajo con pablo escobar.... temperaturas que descienden y probabilidad de tormentas electricas que se incrementa es el pronostico para los proximos dias... detalles de esta informacion despues de la pausa... la policia de annapolis arresto a este hombre que ve en pantalla acusado de trafico humano y prostitucion..segun autoridades, freddy leguisamon de 27 aÑos operaba un banda de prostitucion y tra
tras tanto el padre de la niÑa habÍa dado parte a la polici Ía de su desapariciÓn, fue el oficial freddynto al sospechoso la pequeÑa comenzÓ a llorar pidiendo por su padre fue entonces que el oficial se dio cuanta que algo habÍa sucedido y procediÓ a arrestar al sujeto policia estos dos hechos ocurrieron entre el 9 de julio y el 6 de agosto, por el momento solo se conoce estos dos casos es por esta razÓn que se recuerda a los padres no descuidar a sus niÑos en ningÚn momento....
119
119
Aug 13, 2012
08/12
by
CSPAN2
tv
eye 119
favorite 0
quote 0
wesley mooch in the book he is like congressmen barney frank who was the godfather of fannie mae and freddie mac. angelo mozillo and bernie frank was the unholy alliance allowing country ride in those who copied them to create loans people could not repaid. because they sold those loans to the federal government made possible of barney frank through altruistic social benefits of housing putting people into house is they cannot afford. that is the world we barely survived. >> host: what do you do for it a living? >> ien investment appraiser for other investment in risers and giving advice when the markets to other investment managers who serve customers counselors are hedge fund managers. >> host: how much government regulation is and what you do? >> i don't handle the money. very little. but microfinance they are so regulated they cannot pick up the phone. i am now and know little firm that can influence $15 trillion without being regulated. >> host: what is it about ayn rand that has such a strong reaction? >> a great moral clarity. a romantic philosophy that draws young people where the go
wesley mooch in the book he is like congressmen barney frank who was the godfather of fannie mae and freddie mac. angelo mozillo and bernie frank was the unholy alliance allowing country ride in those who copied them to create loans people could not repaid. because they sold those loans to the federal government made possible of barney frank through altruistic social benefits of housing putting people into house is they cannot afford. that is the world we barely survived. >> host: what do...
278
278
Aug 20, 2012
08/12
by
CNBC
tv
eye 278
favorite 0
quote 0
there's nobody who's stepped forward and said, hi, i'll become fannie mae, freddie mac so we can haveecondary market. it doesn't exist. there's tiny little pockets of little companies that are putting together secondary market products without fannie and freddie, nobody's going to do it. because everybody wants the -- >> obviously they can't be unraveled overnight. are you saying that you think, david, that this market would be farther along, would be in better shape if the government did less? >> actually, if the government had done less. but less in the way of monetary policy and more, maria, in the way of leadership. what i'm talking about in leadership is sitting down with those that are holding the investments and these loans and bringing leadership to show what could be done with a principal reduction. but not done through the policy or through pressure of ed de marco. >> isn't one of the big problems we face right now, fred, the fact that the infrastructure in the mortgage servicing industry isn't built to help a homeowner who's in distress right now? they're either there to co
there's nobody who's stepped forward and said, hi, i'll become fannie mae, freddie mac so we can haveecondary market. it doesn't exist. there's tiny little pockets of little companies that are putting together secondary market products without fannie and freddie, nobody's going to do it. because everybody wants the -- >> obviously they can't be unraveled overnight. are you saying that you think, david, that this market would be farther along, would be in better shape if the government did...
389
389
Aug 18, 2012
08/12
by
KRON
tv
eye 389
favorite 0
quote 1
in-housthe government is changing its terms for the bail out of freddie mae and freddie mac.nd ordered to hit a cap of $250 billion by 2018 that is for years earlier than planned. fannie mae and freddie will have to turn over every single profit. this concerned that the companies could at one point exhaust the federal support they were guaranteed both have been taken over by the federal government and 2008. >> the final film is one of these going towards the theaters this weekend the latest from whitney houston. highly anticipated. >> it is time for her grand finale she filmed " sparkle ". in this remake. she plays a young singer hoping to make it big with her two sisters but they find fame posing a challenge. it is rated pg-13. >> the biggest actions are together like you've never seen them before. bruce willis, arnold schwarzenegger reunite in the expendable ii >> i have shoes order and this car. >> it is supposed to be an easy paycheck but one takes a violent turn 11 of them is killed. chuck norris is also starring is rated " r ". this paramorman.. this is a three-b, b is
in-housthe government is changing its terms for the bail out of freddie mae and freddie mac.nd ordered to hit a cap of $250 billion by 2018 that is for years earlier than planned. fannie mae and freddie will have to turn over every single profit. this concerned that the companies could at one point exhaust the federal support they were guaranteed both have been taken over by the federal government and 2008. >> the final film is one of these going towards the theaters this weekend the...
196
196
Aug 2, 2012
08/12
by
CNBC
tv
eye 196
favorite 0
quote 0
the problem is the head of the regulator overseas fannie and freddie doesn't see it that way, so who and who better to speak about the housing market? he'll be joining us exclusively coming up. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-866-294-5412. would you mind if to be i go ahead of you?omer. instead we had someone go ahead of him and win fifty thousand dollars. congratul
the problem is the head of the regulator overseas fannie and freddie doesn't see it that way, so who and who better to speak about the housing market? he'll be joining us exclusively coming up. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud...
269
269
Aug 22, 2012
08/12
by
WBAL
tv
eye 269
favorite 0
quote 0
the question is here if you think fannie or freddie owns your home, follow the breadcrumbs.es as we think it will. >> thanks. our next question from darrick in utah joining us by skype. good morning, darrick. derek. >> good morning. >> hey there. you've got more than a couple. you're a trio. >> family plan. >> so we just had our baby about two months ago. and i heard about babies getting social security numbers already compromised, they have used for identity theft and that kind of thing. so i did some searching online to see if i could find a service to make sure that her number is clean. but then i realized i didn't want to give her number to just anybody. services or anything i could suggest that are reputable. >> she's already upset about it. sharon, what do you think? >> congratulations on the new baby, darrick. you're right. it's hard to believe but even babies can be the victims of identity theft. the issue is you want to check the social security number with the different credit buyers, experian, equifax, trans perrian. check the social security number, manually only
the question is here if you think fannie or freddie owns your home, follow the breadcrumbs.es as we think it will. >> thanks. our next question from darrick in utah joining us by skype. good morning, darrick. derek. >> good morning. >> hey there. you've got more than a couple. you're a trio. >> family plan. >> so we just had our baby about two months ago. and i heard about babies getting social security numbers already compromised, they have used for identity theft...
259
259
Aug 7, 2012
08/12
by
FOXNEWS
tv
eye 259
favorite 0
quote 0
another fox news alert, freddie mac does not want your tax money. this alert is alert worthy because since the government took over the mortgage giant in 2008, freddie mac has asked for money every quarter but five. in that time, taxpayers have given freddie mac more than $70 million. think gas prices high now? why this buyer is threatening to burn a bigger hole in your wallet. because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. ♪ home of the brave. ♪ it's where fear goes unwelcomed... ♪ and certain men... find a way to rise above. this is the land of giants. ♪ guts. glory. ram. >>stuart: get ready to pay more to fill it up after a massive fire shut down a major oil refinery. i in the we -- thought we got bombed. there was a big old mushroom cloud. >>stuart: the flames burned all night long sending a cloud of spoke all over the san francisco bay area. the fire could be out now but my
another fox news alert, freddie mac does not want your tax money. this alert is alert worthy because since the government took over the mortgage giant in 2008, freddie mac has asked for money every quarter but five. in that time, taxpayers have given freddie mac more than $70 million. think gas prices high now? why this buyer is threatening to burn a bigger hole in your wallet. because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when...
146
146
Aug 1, 2012
08/12
by
CSPAN
tv
eye 146
favorite 0
quote 0
he told me that people who go through freddie or fannie, since they did not choose to go through freddier fannie because he wasn't a subprime person, he does not qualify for this. i think it is outrageous you have to be a subprime person to get the relief from your house under water when everybody's house is under water. i think it is really unfair that just because you're a poor person, and you have to get the reduction. they do not get the value of their house. i think it is totally wrong. thank you. host: coming in. let's look of a statement by the financial services committee chairman, a republican. he said this about the decision. host: that is from the chairman of the financial services committee. let's take a look today tweet that was put out the yesterday. here is what she had to say. she is against both the man and the decision, the acting director of the fsha. may is a democratic caller. should mortgages be forgiven? caller: yes, i do. i am under water ever since 2006. host: how'd that happen to you? caller: [unintelligible] what sounded like a good bill was a very bad bill. ou
he told me that people who go through freddie or fannie, since they did not choose to go through freddier fannie because he wasn't a subprime person, he does not qualify for this. i think it is outrageous you have to be a subprime person to get the relief from your house under water when everybody's house is under water. i think it is really unfair that just because you're a poor person, and you have to get the reduction. they do not get the value of their house. i think it is totally wrong....
43
43
Aug 15, 2012
08/12
by
CSPAN
tv
eye 43
favorite 0
quote 0
more than 50 percent of our cases are fannie mac and freddie mae loans. also, foreclosure scams that continue to target struggling homeowners. we continue to see this as an issue every day as spokes and families come to us needing assistance and are further behind because they tried to seek help from banks first and then fall victim to foreclosures gams. we're working with state agencies and partners like neighbor works america to educate homeowners on how to more needs toyet nea be done. scam artists seem to be changing their tactics frequently to divert free -- vulnerable homeowners of the emergency fund, a college savings fund, so we have responsibility to protect homeowners by reporting these scams as frequently as began. we also find that many homeowners are reluctant to record these scams. -- report these scams. rather than rush to foreclosures, we believe it is important to ensure that deserving families who threw new -- through no fault of their own have a chance to stay in their home if it makes financial sense for their families. wendy, why don'
more than 50 percent of our cases are fannie mac and freddie mae loans. also, foreclosure scams that continue to target struggling homeowners. we continue to see this as an issue every day as spokes and families come to us needing assistance and are further behind because they tried to seek help from banks first and then fall victim to foreclosures gams. we're working with state agencies and partners like neighbor works america to educate homeowners on how to more needs toyet nea be done. scam...
115
115
Aug 2, 2012
08/12
by
CSPAN2
tv
eye 115
favorite 0
quote 0
by the way, they also have a lower default rate than fannie may and freddie mac.when you look at the private sector, what they're doing appears to be quite different and indeed perhaps the opposite of what f.h.a. is doing. they are going through their portfolios and reducing principal. not because they want to provide charity, not because they are insensitive to moral hazard but because it is the best way to preserve their portfolio and generate shareholder value for their shareholders. that's what they're this the business of doing. they have a fiduciary duty to do that. so it would appear that the private sector seems not only completely comfortable with principal reduction, but they in fact will doing it because it is good for their bottom line. and yet we have f.h.a. essentially saying, well, we can't do it. it's so unbusiness-like. it won't preserve our portfolio. it doesn't make sense, et cetera. i think this is one of those examples where they just don't get it, frankly. now, if a principal reduction provides greater value than foreclosure toward private in
by the way, they also have a lower default rate than fannie may and freddie mac.when you look at the private sector, what they're doing appears to be quite different and indeed perhaps the opposite of what f.h.a. is doing. they are going through their portfolios and reducing principal. not because they want to provide charity, not because they are insensitive to moral hazard but because it is the best way to preserve their portfolio and generate shareholder value for their shareholders. that's...
415
415
Aug 10, 2012
08/12
by
WFDC
tv
eye 415
favorite 0
quote 0
. >>> freddy, subalterno de sebastián, a quien la policía siguió en las últimas semanas fue capturadoentode nuestra última pausa, y al regresar tenemos imágenes de la sorpresa que le esperaba a este ladrón, ahorita lo va a ver cuando intentaba robar una tienda, por lo pronto sus comentarios en fac ♪. >>> un ladrón de carolina del sur, escogió no solo el lugar equivocado, sino también la persona equivocada, el sujeto entró a un pequeño supermercado y se encontró con esto, ni siquiera julio césar chávez, ni manny pacquiao tiran tantos golpes en tan poco tiempo la mujer a cargo de la caja, hizo lo que pudo para defender su negocio, ahora la policía quiere dar con el paradero de este ladrón, que no se llevó nada, no pudo con esta mujer, así llegamos al final de esta edición, hasta pronto ♪.
. >>> freddy, subalterno de sebastián, a quien la policía siguió en las últimas semanas fue capturadoentode nuestra última pausa, y al regresar tenemos imágenes de la sorpresa que le esperaba a este ladrón, ahorita lo va a ver cuando intentaba robar una tienda, por lo pronto sus comentarios en fac ♪. >>> un ladrón de carolina del sur, escogió no solo el lugar equivocado, sino también la persona equivocada, el sujeto entró a un pequeño supermercado y se encontró...
348
348
Aug 22, 2012
08/12
by
WGN
tv
eye 348
favorite 0
quote 0
and, still to come this midday: what fannie mae and freddie mac plan to do to help troubled borrowersl their home. and later in lunchbreak: we're making a classic colombian dish - grilled chicken and pepper empanadas, but they're gluten- free! you know, i was once used for small jobs. yeah, and i took on all the bigger, tougher ones. but now that mr. clean's got this new select-a-size magic eraser i mean, he can take on any size job. look how easily he gets things cleaned. it's enough to make you cry. you, specifically. not me. i'm just happy we don't go near rex's mobile home as often. because it's hard to clean or because you're scared of an itty-bitty doggy? [ dog barks ] aah! oh! [ clears throat ] yeah, that was a sneeze. i think i sprayed myself. [ male announcer ] new mr. clean select-a-size magic eraser. lets you pick the right size for every job. i'm deborah kastroun...time for the bloomberg "on the money" report, live from the n.y.s.e. the u.s. budget deficit will reach over one trillion dollars this year the outlook for next year depends on what lawmakers do about tax and sp
and, still to come this midday: what fannie mae and freddie mac plan to do to help troubled borrowersl their home. and later in lunchbreak: we're making a classic colombian dish - grilled chicken and pepper empanadas, but they're gluten- free! you know, i was once used for small jobs. yeah, and i took on all the bigger, tougher ones. but now that mr. clean's got this new select-a-size magic eraser i mean, he can take on any size job. look how easily he gets things cleaned. it's enough to make...
419
419
Aug 27, 2012
08/12
by
CSPAN2
tv
eye 419
favorite 0
quote 0
subprime lending possible and the mortgages aren't the effect but you compound did with fannie mae, freddie mac putting taxpayer guarantees that which never be a great kid did. you can lend people even if you don't pay of course, it is the first and people like to blame the market for brian not saying they are innocent but they don't go watch of the alcohol. >> look at the source why were so many people so full list. many were lying about their income buying houses but instead of learning from my mistakes they keep that does 1%. the government bubbling is enormous. >> when it pops they will fail again only the losses will be bigger. not just government itself could have a default not paying 100 sense. >> that means we have massive inflation. if the fed doesn't but politically can you foresee the government not to propping the bubble could. >> hopefully they will. not popping it is worse. trying to inflate its common it is the dollar that collapses. the government does not want to bondholders to lose their money for depositors to lose their money. they cannot stop the losses but change their
subprime lending possible and the mortgages aren't the effect but you compound did with fannie mae, freddie mac putting taxpayer guarantees that which never be a great kid did. you can lend people even if you don't pay of course, it is the first and people like to blame the market for brian not saying they are innocent but they don't go watch of the alcohol. >> look at the source why were so many people so full list. many were lying about their income buying houses but instead of learning...
298
298
Aug 1, 2012
08/12
by
WJLA
tv
eye 298
favorite 0
quote 0
fannie mae and freddie mac will give principle on a delinquent mortgages.this is despite the treasury offering incentive payments for so-called writedowns. the director says the treasury's financial incentives will not be make it financially worthwhile. this comes after a month of from activist groups democrats to reverse the policy. tim geithner criticized the position and is asking him to reconsider. bryson wireless agreed to pay a the fcc.1 million to they say the company blocked allowed them to use the smartphones as hot spots. not sure how captivated you are by the olympics, but it is costing companies hundreds of millions of dollars in lost productivity. that, coming up. for now, that is it, live at bloomberg headquarters. thanks. the preliminary news this time the day. not so much. if you measure how much is lost -- how about the inspiration that comes from watching the olympics? >> it is 72 degrees outside this morning. come -- we have an on a former d.c. council [ female announcer ] with swiffer wet cleaning better doesn't have to take lolonge. i'm
fannie mae and freddie mac will give principle on a delinquent mortgages.this is despite the treasury offering incentive payments for so-called writedowns. the director says the treasury's financial incentives will not be make it financially worthwhile. this comes after a month of from activist groups democrats to reverse the policy. tim geithner criticized the position and is asking him to reconsider. bryson wireless agreed to pay a the fcc.1 million to they say the company blocked allowed...