Search for: "Government National Mortgage Association"
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25 Aug 2012, 4:24 pm
District Court for the Southern District of New York has decided that ex-Federal National Mortgage Association executives do have to contend with a Securities Exchange Commission enforcement lawsuit over their alleged role in underplaying just how exposed the company was to high risk loans. [read post]
19 Jul 2011, 9:11 pm
The plaintiffs in the class action securities lawsuit include a number of public pensions, including the New Orleans Employees’ Retirement System, Government of Guam Retirement Fund, Alameda County Employees’ Retirement Association, the General Retirement System of Detroit and the Louisiana Sheriffs' Pension and Relief Fund. [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]
22 Jul 2013, 4:05 pm
As the struggle continues for condominium associations to become FHA certified or FHA re-certified, the FHA continues rejecting many condominium communities based on the leasing provisions in their governing documents.The latest bout of rejections has been based on the FHA finding that certain leasing provisions, although not a problem with respect to prior applications, are now being viewed as opportunities for condominium associations to allow transient leasing.Pursuant… [read post]
10 Jan 2011, 1:57 pm
Bank National Association v. [read post]
4 Nov 2014, 9:10 pm
According to court documents, Totten made millions at the height of the mortgage boom by running national television commercials to recruit borrower clients to refinance their home mortgages. [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]
12 Dec 2011, 2:00 am
In response to the 2007-2008 financial and mortgage crisis that swept the nation, the U.S. government passed legislation establishing the Troubled Asset Relief Program (“TARP”). [read post]
3 Oct 2016, 3:00 pm
Bank National Association (“U.S. [read post]
27 May 2008, 9:17 am
The government index is calculated by tracking mortgage loans under $417,000 that are purchased or backed by the government-sponsored mortgage-finance companies, Fannie Mae and Freddie Mac. [read post]
3 Jun 2015, 8:06 am
In the Complaint, the government alleges Provident violated the Fair Housing Act and Equal Credit Opportunity Act by charging thousands of African-American and Hispanic borrowers higher fees on mortgage loans not based on borrower risk, but because of their race or national origin. [read post]
3 May 2011, 10:29 am
Securitization dates back to the 1970s, when mortgage-backed securities were issued for the government and government-sponsored entities such as the Government National Mortgage Association (GNMA or Ginnie Mae), the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac), and the Federal National Mortgage Association (FNMA or Fannie Mae), says Adam Meyer, CSAs CEO. [read post]
5 Jan 2008, 3:01 pm
In footnote one, the Court noted that the enforcement of lost promissory notes, which are negotiable instruments, is actually governed by section 673.3091, Florida Statutes and not section 71.011 which governs enforcement of lost papers. [read post]
25 Apr 2012, 7:00 am
The National Association of REALTORS estimates that a lapse in authorization jeopardizes an estimated 1,300 sales each day or about 40,000 mortgage closings per month. [read post]
27 Feb 2019, 7:40 am
(Freddie Mac) and Federal National Mortgage Association (Fannie Mae) unsecured bonds. [read post]
29 Jun 2011, 9:44 pm
The loan limits were raised when the mortgage market crashed, investors in mortgage backed securities ran for the hills, and the government-owned entities were the only ones left writing mortgages. [read post]
26 Oct 2010, 10:48 am
It also issued correspondence on October 8 to all savings associations involved in servicing residential mortgages requiring the immediate review of their actual practices associated with the execution of documents related to the foreclosure process. [read post]
18 Jun 2018, 2:02 pm
Bank National Association (“U.S. [read post]
13 Oct 2008, 7:23 am
More than 12,000 home loans were issued in recent years through a special program that relies on government-issued taxpayer identification numbers instead of Social Security numbers, according to the association. [read post]
1 Nov 2016, 9:54 am
The issue in that case is whether the presence of the Federal National Mortgage Association, known as Fannie Mae, as a party to a lawsuit is itself sufficient to create federal jurisdiction over the suit. [read post]
