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24 Mar 2009, 1:02 am
Fannie Mae Takeover Confuses a Class Action
Legal Times
Lawyers behind a class action against mortgage giant Fannie Mae are about to find out what happens when the company you've sued becomes a government ward. [read post]
23 Mar 2009, 6:17 am
., was sentenced to 97 months in prison for orchestrating a scheme to defraud Fannie Mae in connection with mortgage loans which Fannie Mae owned but were refinanced through Olympia. [read post]
23 Mar 2009, 4:30 am
The senator was one of the most significant recipients of money from Fannie Mae and Freddie Mac, now nationalized due to poor oversight and years of legislative mismanagement. [read post]
21 Mar 2009, 6:04 pm
Perhaps not at the top of most lists, but fairly near the top, should be Christopher Dodd, Barney Frank, and the leaders of Fannie Mae, Freddie Mac, and ACORN. [read post]
21 Mar 2009, 3:01 pm
Fannie Mae and Freddie Mac purchase mortgage loans in the secondary market and set there own guidelines. [read post]
20 Mar 2009, 12:49 pm
Fannie Mae's chief executive, Herbert M. [read post]
20 Mar 2009, 6:58 am
Jumbo loans are too big to be insured by Fannie Mae or Freddie Mac. [read post]
19 Mar 2009, 1:29 pm
It's time for the weekly round up of New York law-related headlines: AIG May Face Subpoena From New York's Cuomo on Pay (Bloomberg) New York Judge Says Cuomo May Release Bonus Recipient Identities (Bloomberg) NY man ordered to prison for defrauding Fannie Mae (Reuters) FBI agent in NY accused of tipping off informant (AP) Jury Awards NY Lawyer $567,000 Contingency Fee From Client Who Fired Him Before Settlement (NY Law Journal) (This is a content summary only. [read post]
19 Mar 2009, 11:33 am
CLAUDIA ROSETT: Million Dollar Bonu$e$ at Fannie Mae. [read post]
19 Mar 2009, 6:56 am
The legislation imposes a 90% tax for bonuses received by an employee of a company that has received funds in excess of $5 billion from the Troubled Asset Relief Program (TARP)-or an employee of Fannie Mae or Freddie Mac. [read post]
18 Mar 2009, 5:31 pm
The inspection form has received industry-wide adoption by funding sources, including Fannie Mae and Freddie Mac (although apparently not by the Federal Housing Administration). [read post]
18 Mar 2009, 2:35 pm
Here's the next furor: Fannie Mae is due to pay retention bonuses of as much $470,000 to $611,000 this year to some executives despite enormous losses at the government-backed mortgage company. [read post]
18 Mar 2009, 11:55 am
BONUSES FOR Fannie Mae execs? [read post]
18 Mar 2009, 10:01 am
The excise and compensation cap will apply to all TARP recipients of government funds as well as companies in which the government holds an equity interest, including Fannie Mae and Freddie Mac The principles provide that both companies and their individual executives must separately pay a 35% excise tax on all retention bonuses and all other bonuses over $50,000. [read post]
18 Mar 2009, 2:38 am
Although Fannie Mae was able to sell 64,843 repossessed homes in 2008, it acquired 94,652 through foreclosure, leaving it with REO inventory of 63,538 homes at year end -- an increase of 152 percent from the end of 2006.Freddie Mac sold 35,579 homes in 2008, but repossessed 50,531. [read post]
18 Mar 2009, 2:33 am
According to today's Wall Street Journal (subscription required)Fannie Mae has tightened credit for buyers of condominiums. [read post]
17 Mar 2009, 5:36 pm
-government backed mortgage agencies known as Fannie Mae and Freddie Mac. [read post]
16 Mar 2009, 2:01 pm
Treasury Department's "Making Home Affordable Program" may use a Fannie Mae or Freddie Mac's or its own internal AVM among other methods for rendering a valuation.Credit-Default Swap - an insurance-like policy against default.Counterparty - the party on the other side of a financial transaction.Debt to Income ("DTI") - the percentage of a person's gross monthly income that goes to paying certain debt.Government Sponsored Entity ("GSE") -… [read post]
16 Mar 2009, 6:55 am
As you may recall, while the Massachusetts Democrat served on the House Banking Committee in the 1990s (now the House Financial Services Committee which he chairs), he was living with Herb Moses, then an executive at Fannie Mae, a government-sponsored enterprise (GSE) regulated by his committee. [read post]
13 Mar 2009, 7:44 am
The “Home Affordable Refinance” program allows homeowners subject to conforming loans owned or guaranteed by Fannie Mae or Freddie Mac to refinance their loans into more affordable and stable mortgages. [read post]
