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11 Jan 2012, 1:39 am by Mandelman
 The triple A-rated bonds weren’t even close to triple A, and investors including Fannie Mae are suing all over the place, but I suppose the whole thing was just an accident? [read post]
26 Dec 2011, 3:48 pm by Mandelman
  Freddie Mac (FMCC) and Fannie Mae (FNMA), the two government-controlled mortgage giants, are freezing all foreclosure evictions on mortgage loans they own or back from Dec. 20th through Jan.3rd. [read post]
8 Dec 2011, 8:02 pm
Other financial firms that have settled similar claims over muni bond bid-rigging are Bank of America, Corp., UBS AG, and JPMorgan Chase & Co. [read post]
8 Dec 2011, 10:48 am
  Previously, HERE, I noted the Maine Supreme Judicial Court's opinion in JPMorgan Chase Bank v. [read post]
3 Dec 2011, 9:57 am
Fannie Mae and Freddie Mac announced a two-week halt to actual evictions, from Dec. 19 to Jan. 2. [read post]
29 Nov 2011, 8:14 am by Mandelman
” As of September 30th, according to Fitch, the six largest U.S. banks – JPMorgan Chase & Co. [read post]
23 Nov 2011, 3:32 pm by Mandelman
“Weighted average FICO scores for conventional loans purchased by Fannie Mae and Freddie Mac eased a bit in this year’s second quarter, declining to 755, but remain well above historic norms, the realty group said. [read post]
16 Nov 2011, 5:56 am
Washington Mutual acquired the note and mortgage to Youkelsone's home in 2001, and later assigned it to Fannie Mae. [read post]
15 Nov 2011, 7:38 pm by Mandelman
(Fannie Mae, by the way, has received a little more than $120 billion from American taxpayers to-date and the government estimates that number will be $220 billion by 2014. [read post]
14 Nov 2011, 9:06 am by Mandelman
Ferdinand Pecora Pecora’s questioning of Chase’s Chairman Albert Wiggin uncovered the fact that he had actually shorted Chase shares during the crash… betting against his own shareholders… and profiting from the falling prices. [read post]
9 Nov 2011, 7:47 am by admin
Morgan Chase also has made regular donations, and several other banks have given sporadically. [read post]
22 Oct 2011, 12:34 pm
Not long after bowing out of talks over a possible $25 billion dollar settlement between state and federal officials and the country’s largest banks (including Bank of America Corp, Citigroup, and JP Morgan Chase & Co.) [read post]
15 Oct 2011, 4:43 am by Mandelman
  A few months later they would use the same type of zippy forecasts when conducting the bank stress tests. [read post]
14 Oct 2011, 11:03 pm by admin
Chairman Volcker stated that this occurs because there’s always someone benefiting from this activity, and that Freddie Mac and Fannie Mae “invite more moral hazard. [read post]
10 Oct 2011, 3:56 pm
Sharon Wells, a retired real estate agent who lives on Social Security, said the modification by Chase Bank of her Fannie Mae mortgage led to an increase in the principal rather than a reduction, even though she already owed about 30 percent more than her home was worth. [read post]
4 Oct 2011, 2:22 pm
The case stems from the government’s MBS lawsuit against JPMorgan Chase, which acquired nearly all of WaMu’s banking assets and liabilities a few years ago. [read post]
2 Oct 2011, 6:13 am
This is why when we sue Fannie Mae and mortgage servicers such as Wells Fargo, Chase, Bank of America (BAC), etc. we can be confident that the evidence will reveal abuse that is consistent with what our clients have alleged. [read post]
23 Sep 2011, 6:21 pm by Mandelman
Didn’t everything come to a head in late September of 2008 when Wall Street’s investment banks, our largest commercial banks, and the likes of AIG, all were shown to be insolvent? [read post]