Search for: "FANNIE MAE, (Federal National Mortgage Association)"
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5 Aug 2014, 5:10 pm
Armando Granillo, 45, Huntington Beach, California, a former sales associate with the Federal National Mortgage Association (Fannie Mae), was sentenced to 15 months in federal prison for taking kickbacks from a real estate broker who sold properties on behalf of the mortgage agency. [read post]
25 Jul 2014, 12:38 pm
Two agencies that participated in the securitization of these subprime loans were the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae). [read post]
3 Jul 2014, 4:17 pm
FHFA Actions to Manage Enterprise Risks from Nonbank Servicers Specializing in Troubled Mortgages (AUD-2014-014) - 07/01/2014 “Banks that traditionally service mortgage loans backed by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (the Enterprises) have been selling the rights to service troubled loans (e.g., delinquent or in… [read post]
16 May 2014, 11:25 am
So in 1938, the Reconstruction Finance Corporation (a government corporation) created a subsidiary called Federal National Mortgage Association of Washington, DC. [read post]
17 Mar 2014, 4:29 am
Similarly, in October 2013, Fannie Mae sued nine of the Libor rate-setting banks alleging that they had manipulated the rates causing Fannie Mae to lose money on mortgages and other instruments, and seeking over $800 million in damages. [read post]
20 Feb 2014, 2:00 pm
Last week, the Federal National Mortgage Association announced that Buyers can receive up to 3.5 percent in closing cost assistance when purchasing Chicago area Home Path properties under its “first look” program. [read post]
13 Feb 2014, 1:36 pm
February 12, 2014, FHFA Oversight of Enterprise Handling of Aged Repurchase Demands “Why OIG Did This Report: “Various entities such as banks often sell mortgage loans to two Government Sponsored Enterprises – the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac); taxpayers invested heavily to keep these enterprises afloat during… [read post]
30 Jan 2014, 7:33 pm
Federal National Mortgage Association that Fannie Mae and Freddie Mac enjoy statutory immunity certain state and local taxes--and that this congressionally granted... [read post]
7 Oct 2013, 6:35 am
In another major business case, the Court refused to clear the way for 76 banks and other financial institutions to appeal a dispute on their potential multi-billion-dollar liability for selling flawed mortgage-backed securities to Fannie Mae and Freddie Mac. [read post]
12 Sep 2013, 12:58 pm
Also in early August, as reported by NuWire Investor, "the Federal Housing Financial Agency, regulator of Fannie Mae and Freddie Mac, two of the biggest investors in private-label mortgage-backed securities, issued a strong statement against [Richmond's plan to use eminent domain to acquire underwater mortgages], saying it would legally challenge any local or state action that sanctions use of eminent domain." [read post]
12 Sep 2013, 11:58 am
Also in early August, as reported by NuWire Investor, “the Federal Housing Financial Agency, regulator of Fannie Mae and Freddie Mac, two of the biggest investors in private-label mortgage-backed securities, issued a strong statement against [Richmond's plan to use eminent domain to acquire underwater mortgages], saying it would legally challenge any local or state action that sanctions use of eminent domain. [read post]
11 Sep 2013, 4:00 pm
Already, a lawsuit has been filed in the Northern District of California by trustees of mortgage bonds (Wells Fargo Bank, National Association, et. al v. [read post]
11 Sep 2013, 3:00 pm
Already, a lawsuit has been filed in the Northern District of California by trustees of mortgage bonds (Wells Fargo Bank, National Association, et. al v. [read post]
21 Aug 2013, 7:43 am
The Corker-Warner legislation, the Housing Finance Reform and Taxpayer Protection Act, S. 1217, would, among other things, create the Federal Mortgage Insurance Corporation (FMIC) as an independent federal agency to capitalize the housing finance system by separating credit risk from interest rate risk, and bringing in private capital to take on both.Specifically, continued Chairman Hensarling, the PATH Act would end the costly Fannie Mae and Freddie Mac… [read post]
9 Jul 2013, 5:52 pm
In total, the scheme collected at least $4.9 million from more than 1,000 homeowners, including homeowners whose mortgages were owned by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). [read post]
3 Jun 2013, 11:43 am
Prior to that, Haspel worked as a senior director at Capital One, and also held senior positions at Fannie Mae, BlackRock, GE Capital, and National Cooperative Bank. [read post]
8 May 2013, 6:36 pm
The Federal National Mortgage Association, better known as Fannie Mae, and Big Four accounting firm KPMG have agreed to pay $153 million to settle a securities class action that has been litigated over the past eight years. [read post]
8 May 2013, 3:05 pm
Mel Watt (D-N.C.) to be the director of the Federal Housing Finance Agency, the conservator for the mortgage giants Fannie Mae and Freddie Mac. [read post]
25 Apr 2013, 7:44 am
The total loss for the 16 loans amounted to $2,440,804, including $814,730, to the Federal Home Loan Mortgage Corporation (Freddie Mac), and $757,293 to the Federal National Mortgage Association (Fannie Mae). [read post]
16 Feb 2013, 6:43 am
Federal National Mortgage Ass’n (Fannie Mae) [read post]
