James Mackey heads to Freddie Mac --

A top executive at Ally Financial Inc, is now going to Freddie Mac to serve as its chief financial officer.

What do LinkedIn, BofA and mortgages have in common? --

The “hustle” case brought by the U.S. government against Bank of America (BAC) for mortgages underwritten by Countrywide is a big case, as it’s the first time the government has pursued a major bank over loans sold to Fannie Mae and Freddie Mac. But apparently, at least one of the jurors wishes s/he wasn’t involved.

Despite bank notices, borrowers should stay in homes --

New York housing court judge said that if a homeowner receives a foreclosure notice from their bank, they should stay in the house, arguing that the homeowner is still responsible for the home.

Monday Morning Cup of Coffee: Government freeze close to reality; Housing nears a bubble --

If lawmakers on Capitol Hill can’t come to an agreement by Monday at midnight, housing agencies will be forced to shut their doors for the most part. Meanwhile, the recent spike in home prices has some market analysts convinced another bubble is in the making. All of this and more is available in the latest Monday Morning Cup of Coffee.

Realtors drive mortgage industry --

Realtors, rather than lenders, drive the mortgage industry, wielding the coveted key to potential purchase business for lenders.

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