WASHINGTON Dec. 8, 2008 After the government announced last month that Fannie Mae and Freddie Mac would take new steps to modify tens of thousands of mortgages to make them more affordable, some executives expressed concerns that the moves could weaken their already struggling companies.
Fannie Maes chief executive, Herbert M. Allison Jr., acknowledged [...]

By Gregory Arzumanov
TAMPA, Fla. – Dec. 1, 2008 – Tiffany Edwards thought she was running out of time to persuade her lender to work out a new loan so her growing family could stay in their Tampa home.
She had been out of work for more than a year, and her husband’s income wasn’t enough to [...]

By Gregory Arzumanov
WASHINGTON – Dec. 1, 2008 – Rates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower due to the government’s massive new effort to aid the U.S. housing market.
Further drops are likely, analysts said, reflecting the market’s positive [...]