Housing

3:22pm

Sat February 11, 2012
Economy

N.C. Regulator Tapped To Handle $25B Mortgage Deal

There was one little-noticed part of this week's announcement about the $25 billion national mortgage settlement. North Carolina's banking commissioner, Joseph Smith Jr., will take over a new role and serve as independent monitor. He'll oversee the five banks which agreed to new mortgage loan servicing and foreclosure standards.

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1:00pm

Sat February 11, 2012
Around the Nation

Oklahoma Opts Out Of Foreclosure Deal

Originally published on Sat February 11, 2012 3:23 pm

Transcript

GUY RAZ, HOST:

Well, every single state in the country will get a piece of that $26 billion to help troubled homeowners keep their homes, every single state except Oklahoma. The attorney general in Oklahoma decided to opt out of the multistate settlement to hold banks accountable for questionable lending and foreclosure practices.

Scott Pruitt is Oklahoma's attorney general, and he joins me now on the line. Attorney General, welcome.

SCOTT PRUITT: Well, thank you, Guy.

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6:10am

Thu February 9, 2012
The Two-Way

Settlement Reached With Banks On Relief For Some Homeowners

Originally published on Thu February 9, 2012 10:46 am

"After negotiating through the night," NPR's Yuki Noguchi reports, states attorneys general, federal officials and five major banks have agreed on a plan that will provide about $26 billion in mortgage relief and aid to homeowners who got crushed when the housing bubble burst.

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10:01pm

Wed February 8, 2012
Crisis In The Housing Market

Potential Conflicts At Freddie Mac Draw Scrutiny

In December, Freddie Mac CEO Charles Haldeman (from left), FHFA acting Director Edward DeMarco and Fannie Mae CEO Michael Williams testified on Capitol Hill about the Federal Housing Finance Agency's performance.
Chip Somodevilla Getty Images

A federal Inspector General's office confirmed Wednesday it is looking into Freddie Mac investments that act as bets against homeowners being able to refinance.

In addition, U.S. senators are expected to probe Freddie Mac's investment practices at a hearing on Capitol Hill on Thursday.

Freddie Mac, based in northern Virginia, is the taxpayer-owned mortgage giant whose public mission is to make homeownership more affordable for Americans.

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1:50pm

Fri February 3, 2012
The Two-Way

Senator Demands Answers from Freddie Mac's Regulator

Originally published on Fri February 3, 2012 2:19 pm

Sen. Robert Casey, a Democrat from Pennsylvania, sent a list of questions about Freddie Mac's controversial trades to the mortgage giant's regulator, highlighting how much remains unknown even after a flurry of statements from the regulator.

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