Search for: "FEDERAL HOME LOAN MORTGAGE ASSOCIATION"
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4 May 2021, 12:37 pm
The CFPB recently entered into a consent order with Nationwide Equities Corporation (Nationwide), which the CFPB refers to as a mortgage broker and mortgage lender that primarily provides jumbo reverse mortgage loans and Home Equity Conversion Mortgage Loans (HECMs). [read post]
12 Oct 2005, 8:38 am
[JURIST] A federal judge on Wednesday blocked New York Attorney General Eliot Spitzer [official website] from investigating national banks' lending practices, which Spitzer believed to be charging minorities higher interest rates on home mortgage loans. [read post]
3 Jun 2011, 10:06 am
The Dodd-Frank Financial Reform Bill requires mortgage lenders to retain a 5 percent share of each loan they originate, but Qualified Residential Mortgages (QRMs) will be exempt from the new risk-retention rules. [read post]
25 Aug 2017, 10:00 am
” The report can be found at:http://files.consumerfinance.gov/f/documents/201708_cfpb_costs-and-risks-of-using-reverse-mortgage-to-delay-collecting-ss.pdf Most reverse mortgages today are federally insured through the Federal Housing Administration’s (FHA) Home Equity Conversion Mortgage (HECM) program, which means they must comply with the related regulations. [read post]
30 Jun 2020, 2:29 pm
The Coronavirus Aid, Relief, and Economic Security Act had several provisions for homeowners, including: A moratorium on foreclosure of single-family homes with federally backed mortgages, which the Federal Housing Finance Agency recently extended until at least Aug. 31 A mandate that forbearance be provided to homeowners, regardless of their delinquency status The loosening of restrictions on modifying loans Illinois has issued executive orders that… [read post]
11 Oct 2007, 1:07 pm
More information from the Atlanta Journal - Beazer Homes USA, the troubled Atlanta-based homebuilder, said Thursday that a five-month internal investigation found evidence that employees violated federal regulations governing its mortgage loan business "dating back to at least 2000. [read post]
19 Apr 2012, 4:36 pm
In 2009, only 37 percent of distressed borrowers held onto their homes after a loan adjustment. [read post]
19 Aug 2016, 4:25 pm
There is no guarantee that you will receive assistance from a given creditor, but you may rest assured you will not receive assistance if you don’t apply for it. _________________________________________________________ [1] The Federal Home Loan Mortgage Corporation (“Freddie Mac”) and the Federal National Mortgage Association (“Fannie Mae”) are government-sponsored entities which together own or guarantee… [read post]
17 Feb 2010, 4:50 pm
A Feb. 16 article from the Associated Press feeds that skepticism by reporting that the number of people behind on their mortgage payments rose at the end of 2009. [read post]
18 Mar 2011, 10:19 am
Legislation reforming the government sponsored enterprises, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), has been introduced by House Financial Services Committee Chairman Spencer Bachus (R-Ala) and Vice Chairman Jeb Hensarling (R-TX). [read post]
8 Dec 2019, 6:14 pm
For example, if a bank cannot show the promissory note or endorsements associated with your loan, you may be able to fight the foreclosure. [read post]
26 Jul 2011, 4:29 pm
The National Credit Union Administration has filed a $629 million securities fraud lawsuit against RBS Securities, Wachovia Mortgage Loan Trust LLC, Nomura Home Equity Loan Inc., Greenwich Capital Acceptance Inc., Lares Asset Securitization Inc., IndyMac MBS Inc., and American Home Mortgage Assets LLC. [read post]
17 Feb 2010, 4:50 pm
At HOWARD | NASSIRI PC, we represent homeowners who need loan modifications to help them stay in their homes and current on their loans. [read post]
2 Feb 2018, 12:59 am
H.R. 1694 would make the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) subject to FOIA. [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]
8 Dec 2011, 6:59 am
The Federal Bureau of Investigation (FBI) on December 7, 2011 released the following: “COLUMBUS— A federal grand jury has charged a title agent, her husband, an employee, and an associate with devising a scheme to defraud at least four lending institutions out of approximately $7,092,300 in mortgage loans between April 2006 and April 2008. [read post]
16 Dec 2011, 11:57 am
On Friday, December 16, 2011, the SEC announced that it had entered into non-prosecution agreements with the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac") and filed charges against six of their former executives for securities fraud, alleging that "they knew and approved of misleading statements claiming the companies had minimal holdings of… [read post]
18 Nov 2009, 7:15 am
As West Covina loan modification attorneys, we were interested to see the Treasury Department's monthly report on the progress of the federal Making Home Affordable plan. [read post]
26 May 2015, 8:42 am
Mortgage Fraud Blog. [read post]
8 May 2012, 10:09 am
These documents were allegedly provided to obtain $1.4 million in loans to purchase a $1.75 million home. [read post]
