Search for: "FEDERAL NATIONAL MORTGAGE ASSOCIATION "
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16 Mar 2011, 9:45 am
Earlier this month, five of the nation’s largest financial institutions received a draft settlement term sheet from DOJ on behalf of other federal and state agencies to settle allegations involving improper foreclosure and other servicing problems. [read post]
3 Oct 2022, 7:20 am
After the adoption of the 2020 rule, the National Community Reinvestment Coalition, Montana Fair Housing, Texas Low Income Housing Information Service, Empire Justice Center, the Association for Neighborhood & Housing Development, and the City of Toledo, Ohio, filed a lawsuit challenging the changes to the closed-end loan and open-end line of credit reporting thresholds. [read post]
27 Dec 2007, 8:35 am
The Second Circuit recently upheld a ruling stating that the OCC is the exclusive enforcer of banking laws for national banks in Clearing House Association, LLC v. [read post]
This Just In: Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership
10 Feb 2020, 12:59 pm
The federal government guaranteed urban mortgages in an attempt to overcome resistance to lending to Black buyers leading bankers, investors, and real estate agents to take advantage and target the Black women most likely to fail to keep up their home payments and slip into foreclosure, multiplying their profits by being able then to reissue mortgages to new borrowers for the same property under the federal program. [read post]
16 Feb 2013, 6:43 am
Federal National Mortgage Ass’n (Fannie Mae) [read post]
19 Jul 2011, 9:11 pm
Meantime, Wells Fargo must still deal with MBS lawsuits filed by federal home loan banks and individual investors in Illinois, California, and Indiana. [read post]
11 Dec 2017, 6:45 am
” The federal court denied Waterstone Mortgage’s motion by stating: Defendant has not shown that a stay is warranted. [read post]
23 Jun 2023, 8:54 am
Stricter Rules Could be Coming for Banks with Over $100B in Assets The heads of the Federal Deposit Insurance Corporation and the Federal Reserve said last week that bank regulators are considering applying a set of tougher capital rules to banks that have over $100 billion in assets. [read post]
23 Jun 2023, 5:54 am
Stricter Rules Could be Coming for Banks with Over $100B in Assets The heads of the Federal Deposit Insurance Corporation and the Federal Reserve said last week that bank regulators are considering applying a set of tougher capital rules to banks that have over $100 billion in assets. [read post]
29 Mar 2010, 8:52 am
More than half of borrowers who received loan modifications on delinquent mortgages default again within nine months, according to a new federal report published by Bloomberg News. [read post]
13 Jul 2012, 10:00 am
Recently, the SJC requested amicus briefs in Federal National Mortgage Association v. [read post]
29 Jun 2011, 9:44 pm
Tomassi Law Associates, LLC www.attorney-ri.com 1-888-RI-LAWLINEToday the National Association of Home Builders released its own study claiming that lowering the loan limits at Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA), will reduce housing demand and place downward pressure on home prices in major housing markets. [read post]
14 Apr 2011, 12:15 am
The National Association of Realtors says the out-of-pocket costs to unwary consumers are huge. [read post]
6 Mar 2015, 4:06 pm
The exciting news in residential green building is that the Federal National Mortgage Association, commonly known as Fannie Mae, is providing incentives, including lower interest rates for multifamily properties with a green building certification. [read post]
23 Mar 2020, 1:41 pm
If We Are Servicing Mortgage Loans, Can We Continue to do That? [read post]
16 Jul 2018, 5:53 pm
Among other things, HERA created a new independent federal entity—the Federal Housing Finance Agency ("FHFA")—to oversee two of the nation's largest financial companies, government-chartered mainstays of the U.S. mortgage market: the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac"). [read post]
14 Jul 2008, 7:23 pm
According to the Associated Press, Countrywide Financial Corp., the nations largest mortgage lender, is also under scrutiny. [read post]
16 Mar 2012, 2:37 pm
The Federal Housing Finance Agency (FHFA) has published a Final Rule in the Federal Register that limits the ability of Fannie Mae, Freddie Mac and the Federal Home Loan Banks to deal in mortgages on properties that are encumbered by private transfer fee covenants. [read post]
16 Jun 2011, 1:31 pm
For example, in a February 25, 2011, email to the Executive Committee of the National Association of Attorneys General (NAAG), Iowa Assistant Attorney General Patrick Madigan wrote: “Elizabeth Warren would like to present the CFPB’s view on loan modifications. [read post]
13 Jan 2010, 5:39 am
Federally related mortgages are those: (a) insured, regulated, guaranteed, supplemented or assisted by the federal government or; (b) intended to be sold to the Federal National Mortgage Association, the Government National Mortgage Association or the Federal Home Loan Mortgage Corporation. [read post]
