Search for: "Federal National Mortgage Corporation"
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14 Nov 2008, 8:30 pm
According to Sheila Bair, head of the Federal Deposit Insurance Corporation (the regulator of most of the nation's banks), this policy only addresses the tip of the foreclosure iceberg. [read post]
3 Jul 2014, 4:17 pm
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., delinquent or in default) in bulk… [read post]
18 Jan 2017, 6:25 pm
Justice Sotomayor’s opinion begins: The corporate charter of the Federal National Mortgage Association, known as Fannie Mae, authorizes Fannie Mae “to sue and to be... [read post]
31 Jan 2017, 3:58 am
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]
9 Feb 2012, 10:11 am
This agreement is the largest joint federal-state settlement ever obtained and includes mortgage servicers Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc.... [read post]
13 Mar 2012, 8:22 am
[JURIST] The US Department of Justice (DOJ), the Department of Housing and Urban Development (HUD) [official websites] and 49 state attorneys general on Monday filed in federal court a proposed $25 billion settlement agreement [official website] with the nation's five largest mortgage servicers to address mortgage loan servicing and foreclosure abuses. [read post]
16 Apr 2012, 10:17 am
The settlement with the nation’s five largest mortgage servicers — Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc., and Ally Financial Inc. [read post]
7 Jun 2012, 6:14 am
The 5 largest mortgage originators in the nation jumped at the opportunity to use their size and scale to meet this need, becoming the 5 largest mortgage servicers in the process. [read post]
2 Sep 2011, 3:14 pm
Deutsche Bank AG First Horizon National Corporation General Electric Company Goldman Sachs & Co. [read post]
9 Aug 2011, 11:50 am
The National Credit Union Administration (“NCUA”), acting as liquidating agent for failed corporate credit unions, has filed suit in a federal court in Los Angeles against Goldman Sachs. [read post]
24 Jan 2012, 8:11 am
The New York Times reports that as many as one million homeowners facing foreclosure could have their mortgages cut by about $20,000 each as part of a long-awaited deal being negotiated between "state attorneys general, federal officials and the nation’s largest mortgage servicers. [read post]
19 Dec 2013, 11:05 am
FisherThe Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the National Credit Union Administration, and the Office of the Comptroller of the Currency (the “Prudential Regulators”) have issued an Interagency Statement on Supervisory Approach for Qualified and Non-Qualified Mortgage Loans (the “Interagency Statement”). [read post]
16 Dec 2011, 8:24 am
The SEC 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... [read post]
3 Feb 2010, 3:00 am
PHH Mortgage Corporation, Judge Williams refused to dismiss Ms. [read post]
9 Mar 2012, 7:25 am
In July 2011, the Federal Deposit Insurance Corporation (FDIC) brought a lawsuit in a California federal court against Michael Perry, former CEO for Indymac Bank, over his purported actions during the United States mortgage crisis. [read post]
26 Jul 2011, 4:29 pm
The NCUA is accusing the financial firms of underwriting and selling subpar mortgage-backed securities, which caused Western Corporate Federal Credit Union to file for bankruptcy, as well as of allegedly violating state and federal securities laws. [read post]
3 Jun 2015, 10:57 am
First Horizon operated one of the nation’s 20 largest residential mortgage businesses at the time. [read post]
22 Dec 2011, 10:45 am
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 with the… [read post]
4 Nov 2011, 2:05 pm
The Associated Press has reported that the federal government sued one of the nation’s largest privately held mortgage brokers on Tuesday, saying its decade-long lending practices amounted to fraud and cost the government hundreds of millions of dollars and forced thousands of American homeowners to lose their homes. [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]
