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Editorial Results (free)

1. Report: Managers at Fannie, Freddie Earned $200,000 -

WASHINGTON (AP) — A government report finds median pay for nearly 2,000 senior managers at government-controlled Fannie Mae and Freddie Mac exceeded $200,000 last year.

The Federal Housing Finance Agency, which oversees the two mortgage giants, also did an inadequate job monitoring pay, according to the report released Monday from the inspector general for the FHFA.

2. Gov't Eases Foreclosure Rules for Unemployed -

WASHINGTON (AP) – The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its troubled foreclosure-prevention program.

Starting Aug. 1, the Federal Housing Administration will extend the period for unemployed homeowners to miss mortgage payments to a full year from three or four months. That will allow qualified homeowners to go without making a monthly payment for 12 months before the foreclosure process begins.

3. Fannie Mae to Penalize Homeowners Who Walk Away -

NEW YORK (AP) — Government-sponsored mortgage purchaser Fannie Mae is trying to encourage distressed homeowners to find alternatives to foreclosure by banning those who walk away from getting new loans for seven years.

4. Citi Shares Fall Despite Talks with Morgan Stanley -

NEW YORK (AP) - Citigroup Inc.'s stock sank Monday to its lowest levels since November as investors wondered how much more cash the troubled bank will need.

5. Archived Article: Real Focus - By LAURIE JOHNSON Its the law The new Homeowners Protection Act may save homeowners hundreds of dollars a year in unnecessary private mortgage insurance fees By LAURIE JOHNSON The Daily News A new law recently went into effect that protects homeowne...

6. Archived Article: Real Focus Mortgage Ins - Freddie Mac will publish guidelines in early May that will make it easier for borrowers to cancel private mortgage insurance (MI) and will require lenders to automatically terminate MI once the homeowner builds up 22 percent equity in their home, as...