Search for: "Federal Home Loan Mortgage Corporation " Results 1 - 20 of 794
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30 Apr 2009, 9:42 am
When the subprime market collapsed, the lenders moved to Federal Housing Administration loans, which are federally insured. [read post]
4 Nov 2011, 2:05 pm by malik
The lawsuit in United States District Court in Manhattan sought unspecified damages and civil penalties and named as defendants Allied Home Mortgage Corporation; its founder, Jim Hodge; and Jeanne Stell, the company’s executive vice president and director of compliance. [read post]
2 Nov 2011, 5:22 am by Brandon Gatto
[JURIST] The US government on Tuesday filed a lawsuit in the US District Court for the Southern District of New York (SDNY) [official website] alleging that Allied Home Mortgage Capital Corporation (Allied) [corporate website] and two of its top executives misled the government into believing that its loan qualified for federal insurance. [read post]
3 Jul 2014, 4:17 pm by Sabrina I. Pacifici
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]
3 Jun 2015, 10:57 am by Greene LLP
First Horizon Home Loans Corporation is a subsidiary of First Tennessee Bank that participated in the FHA insurance program as a Direct Endorsement Lender (DEL) from January 2006 through October 2008. [read post]
4 Apr 2011, 7:45 pm by Tomassi Law Associates
Kinecta Federal Credit Union is a direct lender providing a range of fixed and adjustable home loans for purchase or refinance. [read post]
7 Oct 2010, 7:03 am by On the Net
Borrowers will first be considered for the federal Home Affordable Modification Program (“HAMP”), and if the borrower cannot qualify under HAMP or elects not to accept a HAMP modification, Wells Fargo will consider the borrower for its new modification program, known as MAP2R (Mortgage Assistance Program 2). [read post]
19 Feb 2010, 2:29 pm by Page Perry LLC
The Federal Home Loan Bank of Seattle has filed 11 lawsuits against an array of Wall Street banks, seeking rescind $4 billion of mortgage-backed securities with interest, according to a Feb. 16 Wall Street Journal article by Nick Timiraos, “Home Loan Bank Sues Wall Street Firm. [read post]
29 Oct 2012, 10:32 am by BuckleySandler
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]
31 Jan 2017, 3:58 am by Jonathan Niznansky
The US Court of Appeals for the Federal Circuit [official website] ruled [order, PDF] Monday that the federal government, which took control of the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) [official websites], may withhold certain documents sought in a suit filed by shareholders. [read post]
1 Dec 2011, 6:39 am
Wachoiva Mortgage Corporation financed these eight loans for about $2.5 million. [read post]
15 Oct 2019, 6:31 am by Kevin Kaufman
After the TCJA, home equity loans are now included within the mortgage’s principal, and interest is only deductible if used to build or improve a qualifying residence.[10] Home Mortgage Interest Deduction by the Numbers The U.S. [read post]
27 May 2012, 11:00 am
At a roundtable discussion that included officials from top federal agencies, Ocwen Loan Servicing discussed its efforts at mortgage loan modifications in Miami and beyond. [read post]
23 Apr 2009, 2:41 am
(National Foreclosure), a Nevada corporation, has been ordered by The Idaho Department of Finance to cease and desist from offering and selling mortgage loan modification services to Idaho residents. [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]
20 Aug 2012, 2:26 pm by Rosa Schechter
Under the Dodd-Frank Act, mortgage loans are higher-risk if they are secured by a consumer's home and have interest rates above a certain threshold. [read post]
15 Dec 2020, 11:55 am by Jonathan Tycko
The post Mortgage Company Agrees to Pay $24.9 Million to Settle Fraud Allegations Related to Federal Mortgage Insurance appeared first on Tycko & Zavareei LLP. [read post]
22 Dec 2011, 10:45 am by SECLaw Staff
The SEC has charged six former top executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) with securities fraud, alleging they knew and approved of misleading statements claiming the companies had minimal holdings of higher-risk mortgage loans, including subprime loans.Fannie Mae and Freddie Mac each entered into a Non-Prosecution Agreement… [read post]
18 Jul 2008, 10:10 pm
News release: "The Securities and Exchange Commission today announced that the Federal Home Loan Mortgage Corporation (Freddie Mac) has voluntarily... [read post]