Thursday, December 01, 2011

FHFA Questioned About Fannie and Freddie's $640k MBA Annual Convention Expense Report

Headlines and Blogs from Around the Web

FHFA Questioned About Fannie and Freddie's $640k MBA Annual Convention Expense Report

Expense report

... The spending included nearly $342,000 for travel, food, hotel and meeting-room space and $74,000 on four invitation-only dinners for mortgage-lending companies that do business with Fannie and Freddie. The companies spent about $140,000 to sponsor the conference and about $68,000 for registration fees, the regulator said.Click to continue

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Gov't Plan to Sell Off Huge REO Inventory Might Not Include Real Estate Agents

Garage Sale

... Will the Obama administration's upcoming plans to sell REOs in bulk to mega-investors at deep discounts siphon away hundreds of millions of dollars in commissions to real estate brokers who now sell -- or assist buyers to acquire -- foreclosed properties held by Fannie Mae, Freddie Mac and FHA?Click to continue

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