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25 Oct 2011, 6:16 am
The refinancing program is open to homeowners whose mortgages are owned or guaranteed by Fannie Mae (FNMA) or Freddie Mac (FMCC), the two government-controlled mortgage giants whose rescue three years ago has cost taxpayers $141 billion to date. [read post]
13 Jul 2014, 9:29 am
The approaches have differed somewhat, Dyck-O'Neal files new actions for primarily FNMA while Collins substitutes plaintiffs and simply files a motion in an existing case that is likely re-opened to do so. [read post]
8 Jan 2013, 7:03 am
Nearly every residential mortgage is a Freddie Mac/Fannie Mae Uniform Instrument, regardless of whether either Fannie Mae (FNMA) or Freddie Mac (FHLMC) owns the mortgage. [read post]
1 Dec 2023, 7:39 am
In it, the client alleges that they purchased $1,892,500 of FNMA and FHLMC preferred shares during February 2002 and January of 2007 through February 2008. [read post]
14 Apr 2011, 2:29 pm
As noted in this previous post, on May 2, 2011 the SJC will hear argument in FNMA v. [read post]
13 Apr 2012, 1:26 pm
Mortgage Backed Securities Related Lawsuits Bank of America recently told FNMA that it was unwilling to repurchase loans from it, and is also refusing to buy back loans from its other investors, giving rise to MBS-related lawsuits, for example. [read post]
14 May 2009, 1:12 pm
Apparently "more than one million" other Americans have been otherwise able to refinance since the implementation of the Home Affordable Refinance Program due to historically lower interest rates with FNMA seeing 233,000 eligible refinancing application.It was also announced that more than 55,000 loan modification offers "have been extended to qualifying borrowers" under the Home Affordable Modification Program. [read post]
25 Dec 2006, 6:45 pm
They can never remain satisfied that old audits go away, and previous stakeholders will not go after the firm for any perceived issues with the audit and this list includes investors, banks, the tax authorities, and yes as in FNMA...the company itself. [read post]
13 Apr 2012, 1:26 pm
Mortgage Backed Securities Related Lawsuits Bank of America recently told FNMA that it was unwilling to repurchase loans from it, and is also refusing to buy back loans from its other investors, giving rise to MBS-related lawsuits, for example. [read post]
14 Oct 2010, 11:36 am
But prior to that, he worked for some high-profile companies such as Fannie Mae (FNMA), where he served as the EVP/CFO from May, 2007 – August, 2008. [read post]
16 Aug 2011, 7:50 pm
Her reasoning (on which other observers agree): Why would Fannie purchase servicing rights merely to transfer them to another servicer (since FNMA doesn't service loans itself)? [read post]
14 Apr 2011, 2:29 pm
As noted in this previous post, on May 2, 2011 the SJC will hear argument in FNMA v. [read post]
11 Sep 2011, 7:55 pm
Here are the high points for readers who are pressed for time: Congress passes legislation that orders the FHA, FNMA and FHLMC to make a trillion dollars in home loans at an interest rate of 3%.That generates servicing and origination income, and, Castleman expects, related service industry income (e.g., Home Depot). [read post]
22 Jun 2012, 8:25 am
FNMA On Monday [read post]
1 Jul 2008, 6:27 am
Some attorneys complain that if the limitation says 30% the HOA can not not approve a hardship request because it would make the units unmarketable via purchase by FNMA or Freddie Mac. [read post]
9 Jan 2012, 3:40 pm
FNMA could be the Nuclear Option. [read post]
30 Sep 2010, 7:28 pm
If only they had foreseen the inevitability of the worse economic recession since the 1930s, they wouldn't have concentrated so heavily in commercial real estate, but would have diversified into C&I (whoops, also taking a beating) or "safe" investments like FNMA preferred stock (whoops, also the cause of many banks taking it the shorts) or AAA mortgage-backed securities ('nuff said)! [read post]
19 Aug 2016, 4:25 pm
FHLMC and FNMA essentially direct the loan servicer to help you; the servicer will follow that directive. [read post]
21 Nov 2009, 5:04 am
Trustees owe unit owners a fiduciary obligation to get their associations in compliance with all new FHA/FNMA guidelines, in my opinion. [read post]
3 Mar 2011, 5:00 am
” A “covered financial institution” includes investment advisers (as defined under section 202(a)(11) of the Investment Advisers Act), a broker-dealer registered under section 15 of the Securities Exchange Act of 1934, as well as banks, credit unions, FNMA, FHLMC and others designated by regulators, with assets of $1 billion of more. [read post]
