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Channel: Fannie Mae Archives - The American Consumer Institute Center for Citizen Research
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Fannie Redux – There They Go Again

During 2004-2007, Fannie Mae and Freddie Mac stockpiled mortgages, many from the widespread practice of “liars loans” (i.e., no-documentation or low-documentation applications that skipped over...

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Handling the Return of Housing to the Private Sector

The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) buy mortgages from banks and thrifts then securitize them for sale.  These mortgage...

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Expecting a Crush of Lenders for Low Down Payment Mortgages?

The most prominent obligation for federal bank regulators – the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Controller of the Currency – is to avoid another taxpayer...

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Fannie Mae, Freddie Mac, and Earthquake Insurance for Mortgages

Could taxpayers be on the hook for yet another bailout? Representative Sean Duffy and Senator Tim Scott asked the Federal Home Finance Agency to provide information on the exposure of earthquake damage...

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Loophole Leaves Taxpayers on the Hook for Earthquake Damage

The vast majority of homes in earthquake-prone areas lack any insurance protection against earthquakes, exposing American taxpayers to hundreds of billions of dollars of risk if disaster strikes. And...

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ACI Files Comments Regarding Proposed Rules for Freddie Mac and Fannie Mae

RE: Comments to RIN 2590-AA95 Dear Mr. Pollard: In these brief comments, the American Consumer Institute (“ACI”) seeks to respond to the FHFA 2020 Notice of Proposed Rulemaking. ACI is a nonprofit...

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An Upside-Down Mortgage Rule

People go their whole lives with the understanding that financial responsibility equals good credit and good credit equals good rates on a home loan. It’s simple: If you pay your bills (on time), you...

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