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12 Oct 2010, 2:15 am
Much to his surprise, he learned in July 2010 that Bank of America had foreclosed on his house, put it up for foreclosure auction, and transferred title to his home to government backed lender Fannie Mae. [read post]
13 Dec 2009, 7:22 am
Investment trusts, labor unions, pension funds, local municipalities, school boards and charitable foundations, required by law in most states to only invest in prudent, and otherwise conservative fixed income securities and preferred shares, have collectively lost tens of billions in the securities of Wachovia, Fannie Mae, Freddie Mac, Bear Stearns, and Lehman Brothers. [read post]
17 Jan 2009, 5:36 am
Wall Street did get "drunk" but Washington had set up the open bar.For that matter, most everyone else was also drinking the free booze: from homebuyers who put nothing down for a loan, to a White House that bragged about record home ownership, to the Democrats who promoted and protected Fannie Mae and Freddie Mac. [read post]
1 Dec 2008, 3:32 pm
If you are refinancing a Mortgage secured by property located in New York State for delivery to Freddie Mac, your attorney or mortgage professional should use the most current version of the New York Consolidation, Extension and Modification Agreement Single-Family Fannie Mae/Freddie Mac Uniform Instrument (Form 3172). [read post]
17 Nov 2016, 6:57 pm
Federal Housing Finance Agency: Objectives Needed for the Future of Fannie Mae and Freddie Mac After Conservatorships, GAO-17-92: Published: Nov 17, 2016. [read post]
17 Sep 2008, 6:42 pm
Additionally, today the Mortgage Bankers Association reported that new mortgage applications surged following the interest rate decreases that occurred after the government’s announcement that it would provide big heaps of financial backing to save Fannie Mae and Freddie Mac. [read post]
14 Aug 2009, 1:41 am
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08/13/2009
Letters to Secretary of Defense Robert Gates and Attorney General Eric Holder From House Intelligence Ranking Member Pete Hoekstra (PDF 152 KB)Letter Calls for a Delegation of State and Local Officials in Michigan to Inspect the Guantanamo Bay Detention Facility08/13/2009
Release: Federal Housing Finance Agency Report Shows Refinance Volumes on the Rise for Fannie Mae and Freddie Mac… [read post]
9 Apr 2012, 8:22 pm
As icing on the cake, the law also blocks bonuses to Fannie Mae (FNMA) and Freddie Mac (FMCC) executives while each company remains under government conservatorship. [read post]
11 May 2012, 12:17 pm
In July 2011, as conservator for Fannie Mae and Freddie Mac (the GSEs), FHFA initiated multiple lawsuits alleging that billions of dollars of MBS purchased by the GSEs were based on offering documents that “contained materially false statements and omissions. [read post]
21 Dec 2011, 12:40 am
A Negative Take on the SEC’s Lawsuit Against Fannie and Freddie: The SEC made quite a splash with the lawsuit it filed last week against several former officers of Fannie Mae and Freddie Mac. [read post]
2 Nov 2009, 2:05 am
The FBOP banks had their share of troubled loans, but the collapse of FBOP’s banks was, according to the Chicago Tribune (here), the result of "an abrupt reversal of fortune last year when the government takeover of Fannie Mae and Freddie Mac exposed the holding company’s large concentration of Fannie and Freddie preferred stock. [read post]
25 Jul 2017, 10:30 am
To see if you qualify for a Fannie Mae Flex Mortgage Modification, click here. [read post]
25 Sep 2009, 9:53 pm
Fannie Mae isn't anywhere close to equivalent to a public health insurance option... it's closer to a for-profit insurer. [read post]
29 Dec 2010, 9:20 am
A top official at the Federal Housing Finance Agency, which oversees Fannie Mae, said recently that he plans to cancel the program after a contract between Fannie Mae and finance agencies — including MassHousing — expires in March. [read post]
12 Dec 2008, 2:00 pm
" WHITE-COLLAR Feds Subpoena Fannie Mae Records in Texas Class Action The Manhattan-based criminal investigation of Fannie Mae has made its way to a courthouse in Texarkana, Texas. [read post]
12 Sep 2008, 2:55 am
Along those lines, Progressive Corp. today announced (here) a monthly loss for August 2008 of over $135 million, based on large part on the write-down of the company’s holdings in Fannie Mae and Freddie Mac securities. [read post]
2 Dec 2010, 8:45 am
But we lived with the ambiguity because we needed the policy benefits and because elected officials were politically afraid of taking on Fannie Mae. [read post]
2 Mar 2012, 6:49 am
Indeed, the Fannie Mae mortgage does not even reference the interest rate. [read post]
21 Nov 2014, 12:10 pm
Bank of America acknowledged that it had misrepresented the quality of loans to Fannie Mae, Freddie Mac and the FHA. [read post]
28 Aug 2006, 12:32 am
" Thomas Lund, Fannie Mae's senior vice president in charge of its single-family mortgage business, admitted as much, but said, in effect, "We may be hard cases, but at least we're consistent. [read post]
