Search for: "FEDERAL HOME LOAN MORTGAGE CORPORATION, government sponsored enterprise"
Results 1 - 20
of 29
Sort by Relevance
|
Sort by Date
16 Jul 2018, 5:53 pm
Among other things, HERA created a new independent federal entity—the Federal Housing Finance Agency ("FHFA")—to oversee two of the nation's largest financial companies, government-chartered mainstays of the U.S. mortgage market: the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac"). [read post]
11 May 2018, 7:22 am
The Federal Savings and Loan Insurance Corporation (FSLIC) was forced to cover more than $3 billion in losses. [read post]
2 Feb 2018, 12:59 am
Fannie Mae and Freddie Mac are government-sponsored enterprises and are the two largest corporations that back home mortgages and student loans. [read post]
19 Aug 2016, 4:25 pm
There is a very good chance that your home mortgage note is owned by one of these “government-sponsored enterprises. [read post]
8 Jun 2016, 2:49 pm
Background After the subprime mortgage market collapsed in 2007, Countrywide reorganized its subprime lending division to focus on originating prime loans with the goal of selling them to government-sponsored enterprises Fannie Mae and Freddie Mac (the “GSEs”). [read post]
22 Aug 2014, 1:34 am
Attorney’s Office for the Southern District of New York, along with the Federal Housing Finance Agency’s Office of Inspector General and the Special Inspector General for the Troubled Asset Relief Program, conducted investigations into the origination of defective residential mortgage loans by Countrywide’s Consumer Markets Division and Bank of America’s Retail Lending Division as well as the fraudulent sale of such loans to the… [read post]
25 Jul 2014, 12:38 pm
Both agencies are government-sponsored enterprises (GSE) whose loans are backed by the federal government and carry a credit rating that rivals that of the U.S. [read post]
13 Feb 2014, 1:36 pm
February 12, 2014, FHFA Oversight of Enterprise Handling of Aged Repurchase Demands “Why OIG Did This Report: “Various entities such as banks often sell mortgage loans to two Government Sponsored Enterprises – the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac); taxpayers invested heavily to… [read post]
9 Jan 2013, 11:00 pm
Initially, the Federal Home Loan Bank and Federal Savings and Loan Insurance Corporation were formed. [read post]
29 Oct 2012, 10:32 am
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… [read post]
25 Oct 2012, 10:09 am
These toxic products were then sold to the government sponsored enterprises as good loans. [read post]
29 Sep 2011, 3:16 pm
Rymer, Inspector General, Federal Deposit Insurance Corporation (FDIC-OIG); and James K. [read post]
29 Sep 2011, 3:16 pm
Rymer, Inspector General, Federal Deposit Insurance Corporation (FDIC-OIG); and James K. [read post]
12 Jun 2011, 3:10 pm
Their status as GSEs (government-sponsored enterprises) created an expectation that the government would guarantee their debts. [read post]
14 Apr 2011, 5:20 pm
The residential mortgage carve out codified in Section 941directs the SEC and the federal banking agencies to define qualified residential mortgage by taking into consideration underwriting and product features that historical loan performance data indicate result in a lower risk of default. [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]
15 Feb 2011, 12:53 pm
Some distressed borrowers should be able to qualify for a modification through Treasury’s Home Affordable Mortgage Program (HAMP). [read post]
18 Dec 2010, 10:14 am
Scott Garrett (R-NJ) to chair the subcommittee with jurisdiction over the financial markets, the SEC, the NYSE, NASD, the SROs, and the government -sponsored enterprises, such as Fannie Mae and Freddie Mac. [read post]
16 Dec 2010, 9:21 am
To this day, Barney Frank continues to defend his role in the meltdown of Fannie Mae and Freddie Mac, saying he was just as blindsided as the rest of America when the two government sponsored enterprises collapsed, triggering the financial crisis. [read post]
2 Dec 2010, 8:45 am
So these two government-sponsored enterprises (GSEs) remain mired in conservatorship, as extensions of the federal government. [read post]
