Search for: "FEDERAL HOME LOAN MORTGAGE ASSOCIATION"
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9 Mar 2015, 8:36 am
This article was originally posted on Stock Market Loss A home equity conversion mortgage, also known as a reverse mortgage, is a federally regulated type of loan available to people over the age of 62. [read post]
27 Apr 2015, 10:16 am
In Federal Home Loan Mortgage Corp. v. [read post]
10 Aug 2009, 6:17 am
An analysis shows that mortgage loan servicers face multiple lawsuits alleging predatory lending and collection practices, the Associated Press reported Aug. 5. [read post]
4 Nov 2011, 2:05 pm
The Associated Press has reported that the federal government sued one of the nation’s largest privately held mortgage brokers on Tuesday, saying its decade-long lending practices amounted to fraud and cost the government hundreds of millions of dollars and forced thousands of American homeowners to lose their homes. [read post]
4 Apr 2011, 2:39 pm
Tomassi Law Associates, LLC www.attorney-ri.com 1-888-RI-LAWLINECompare Mortgage Interest Rates Today VA, Conventional and FHA Home Loans Remain Around 4.75% in April 2011 Posted on | April 1, 2011 | Comments Off As the 10 year treasury rate yield remains very close to its 50 day moving average becomes very little surprised to see many American homeowners looking to compare mortgage interest rates today. [read post]
29 Sep 2010, 6:44 am
According to federal commission, Florida played a major role in the number of loans with associated fraud. [read post]
4 Apr 2011, 7:45 pm
Kinecta Federal Credit Union is a direct lender providing a range of fixed and adjustable home loans for purchase or refinance. [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.,… [read post]
22 Sep 2015, 2:43 pm
“The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 7,062 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). [read post]
30 Dec 2020, 11:24 am
The Federal Housing Finance Agency (FHFA) recently issued a request for information (RFI) seeking input on appraisal-related policies, practices and processes in connection with home mortgage loans. [read post]
6 Jun 2011, 11:17 pm
Tomassi Law Associates, LLC www.attorney-ri.com 1-888-RI-LAWLINEHomebuyers who have a credit score of 580 or better and a down payment of at least 3.5 percent of the homes purchase price might seem like good candidates for an FHA loan, insured by the Federal Housing Administration. [read post]
24 Apr 2010, 1:53 pm
Equity skimming – occurs when someone figures out how to get a loan for more than a home’s value. [read post]
2 Mar 2012, 5:38 am
Federal National Mortgage Association, also known as Fannie Mae, are two documents borrowers sign to get a home loan. [read post]
21 Dec 2012, 11:05 am
Back in 1938, the Roosevelt Administration, in order to save the housing finance industry, created a federal agency called the Federal National Mortgage Association. [read post]
20 Oct 2011, 6:10 am
This new act would remove the risk-based fees on mortgage loans that Fannie Mae and Freddie Mac already endure the risk on, and could potentially allow about 5 million more home loan borrowers refinance. [read post]
3 Mar 2008, 3:19 am
I have also counseled clients against taking out reverse mortgages when I thought them inappropriate.These are NOT cheap loans -- typical closing costs are in excess of $14,000, including commissions and federally-required mortgage insurance. [read post]
29 Oct 2012, 10:32 am
On October 24, the United States Attorney’s Office for the Southern District of New York (SDNY) filed a $1 billion civil mortgage fraud lawsuit against a mortgage lender and a major financial institution in connection with loans sold to the government-sponsored enterprises (GSEs), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). [read post]
3 Oct 2022, 7:20 am
In April 2020, the CFPB issued a final HMDA rule increasing the Home Mortgage Disclosure Act (HMDA) reporting threshold for closed-end mortgage loans from 25 covered loans originated in each of the prior two years to 100 covered loans originated in each of the prior two years. [read post]
11 Feb 2014, 2:50 pm
According to the DOJ, JPMorgan knowingly created and guaranteed non-compliant mortgage loans submitted for insurance coverage by the Department of Housing and Urban Development’s Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA), which cost the government millions of dollars when the loans defaulted. [read post]
10 Jun 2009, 9:05 am
The loans are federally backed and tax-free. [read post]
