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11 Mar 2010, 7:48 pm
Eligibility is limited to loans which: - Are on a person’s primary residence - Are originated before January 1, 2009 - Are delinquent or in imminent danger of default - Do not exceed $729,750 - Create homeowner hardship - The Borrower’s total monthly housing payment exceeds 31 percent of gross income - Are serviced by Fannie Mae, Freddie Mac, or servicers who have voluntarily signed on to the HAMP program HAFA comes as a response to the Home Affordable Modification… [read post]
11 Jun 2014, 8:36 am
Loan Modification Scam Prevention Network initiative is supported by Bank of America, Citibank, Fannie Mae, Freddie Mac, J.P. [read post]
23 Feb 2009, 2:36 pm
There is plenty of blame to go around: 1) The Community Reinvestment Act, a product of a Democratic Congress and President, designed to force banks to make loans to people whose ability to repay them was questionable; 2) similar pressure on Fannie Mae and Freddie Mac to buy and/or guarantee such loans; 3) the invention by Wall Street wizards of the securitized debt instrument, which allowed mortgage loans to be funded by… [read post]
1 Jul 2008, 3:56 am
Bank of America is selling at half the price it was one year ago.(...)Countrywide is holding some $34 billion in worthless second mortgages and faces potential fines in the billions that will be owed to Fannie Mae and Freddie Mac if fraud is proved in its mortgage issuance, as is alleged in dozens of lawsuits.Nouriel Roubini, the New York University economist who predicted the step-by-step meltdown in the financial system last February, warns that Lewis' wrong move will cost… [read post]
17 Jul 2008, 8:51 am
For additional information contact [www.gallerywatch.com]
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07/16/2008
Legislative Text of the NIH Emergency Supplemental Appropriations Act (PDF 25 KB)Text of the Bill Expected to be Introduced by Senate Appropriations Subcommittee on Labor-HHS-Education Chairman Tom Harkin and Ranking Member Arlen Specter07/16/2008
Legislative Text of the Stop Excessive Energy Speculation Act (S. 3268)Text of the Bill as… [read post]
15 Feb 2021, 7:15 am
Implementing Hybrid Appraisals Under the FHFA Recently, the Federal Housing Finance Agency (FHFA) has issued a request for input (RFI) from Freddie Mac and Fannie Mae to update and streamline appraisal processes, policies, and practices. [read post]
13 Dec 2022, 6:03 am
The Court reversed the lower court and ordered the eviction case be dismissed.[3] The CARES Act covers, among other rental properties, any property with a federal-backed loan (FHA, Fannie Mae, etc.) or Section 8 tenants. [read post]
6 Dec 2011, 7:05 am
Treasuries, municipal debt, money-market funds and debt of Fannie Mae and Freddie Mac. [read post]
21 Jan 2009, 7:10 am
That deal was structured so that the Government's investment did not force shareholders to take a huge hit on their stock positions - unlike the bailouts for Bear Stearns, Fannie Mae, and Freddie Mac.When asked about the demands of the job, Bason seems to take it all in stride, describing the work as "a thrill. [read post]
19 Jan 2010, 12:07 pm
I also understand that the proposed tax doesn't name any of the firms, but I also think that at some point creating a category of financial firms with assets over $50 billion, but not hedge funds, Chrysler, GM, Fannie Mae or Freddie Mac gets pretty close to targeting some specific firms. [read post]
9 May 2011, 8:52 pm
A mortgage fraud investigation begins by focusing on the mortgage application, a form known as the Fannie Mae Form 1003 (Uniform Residential Loan Application) a standard form for all banks. [read post]
28 Feb 2009, 3:17 pm
Obama’s first choice as Commerce Secretary, New Mexico Governor Bill Richardson, had to quit to fight grand jury charges of selling favors. . . .And now helping Obama run the economy are two powerful Democratic Congressmen he’s inherited from his party - Charlie Rangel, chairman of the tax-writing House ways and means Committee, who failed to pay taxes on $75,000 in rental income from his luxury Caribbean villa, and Chris Dodd, who as chair of the Senate banking committee… [read post]
11 Jan 2011, 8:39 pm
. ''They said to contact your mortgage company and see if they are going to become involved," Salem said.Participating lenders, loan servicers and agencies include Wells Fargo, Chase, Bank of America, GMAC, CalHFA, and the Department of Veterans Affairs, as well as the government-sponsored Fannie Mae and Freddie Mac.Richardson said. [read post]
12 Aug 2008, 11:58 pm
Top holdings Fannie Mae (FNM) and Freddie Mac (FRE) along with Wachovia (WB) and Washington Mutual (WM) also contributed to the fund's woes. [read post]
31 Aug 2009, 5:32 pm
First a quick recap.The HVCC is not so much law, as it is the result of an agreed settlement entered into by Fannie Mae, Freddie Mac, and the office of the New York State Attorney General.The idea was to stem the tide of appraisal fraud and abuse by changing the way that lenders select their mortgage appraisers. [read post]
19 Sep 2008, 11:12 am
The longtime Sullivan partner was on a roll even before these events unravelled last weekend - Cohen advised Fannie Mae on its seizure by the federal government on 7 September.In March, Cohen represented Bear Stearns's board of directors in the company's hastily-arranged acquisition by JPMorgan Chase. [read post]
2 Dec 2011, 8:51 am
Related posts: Nationstar’s New Short Sale Requirements for Buyers Bank of America’s New Short Sale Processing Software Fannie Mae and Freddie Mac HAFA Guidelines Announced [read post]
30 Jan 2011, 8:20 pm
Fannie Mae and Freddie Mac have also provided directions to servicers regarding the State's program. [read post]
26 Nov 2010, 10:18 am
Daniel Mudd, Fannie Mae: CEO, Fortress Investment Group. [read post]
3 Feb 2012, 12:00 pm
The financial crisis of late 2008 had a significant impact on Fannie Mae and Freddie Mac, two intended beneficiaries of the law, but certain provisions of the law have an impact even outside of the real estate sphere. [read post]
