FDIC Warns Banks on HELOC Freezes, REO Management

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Flagstar ‘reps and warrants’ deal may be coming with Fannie Freddie could take more than a decade to unload REO inventory BY: krista franks brock. fannie mae and Freddie Mac refinanced more than 90,000 mortgages through the home affordable refinance Program (HARP) in September, bringing the program’s total reach to 1.7 million since its.

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NEW YORK, Aug 3 (Reuters) – A U.S. regulator said on Monday banks may need to boost their reserves for losses on home equity loans, after housing prices fell by roughly one-third from their 2006.