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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]
30 Oct 2011, 11:04 am
With some help from Cato colleagues: As bailouts go, Fannie/Freddie’s is on track to cost more than TARP [Mark Calabria; related, Arnold Kling] “Engineering the Financial Crisis: Systemic Risk and the Failure of Regulation” [Cato forum this past Thursday] Just like Valley Forge out there in the snow? [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]
26 Feb 2011, 5:41 am
-Oregon Credit Unions--Next on the obligatory Chopping Block for State Income Taxes -Is it Bye Bye to Fannie and Freddie? [read post]
7 Mar 2014, 5:30 pm
Fannie Mae and Freddie Mac, which packaged loans into securities and sold them to investors, were effectively nationalized in 2008 when they nearly collapsed under the weight of their mortgage losses. [read post]
13 Feb 2008, 7:27 am
Increase the availability of mortgages by providing a one-year boost to the cap on loans Fannie Mae and Freddie Mac can buy, from $417,000 up to $729,750 in high-cost markets.Information Courtesy of:Assocaited PressThe package amounts to about 1% of U.S. gross domestic product.Taxpayers will not have to apply for the rebate; it would come automatically based on their 2007 tax return.Economists who have analyzed the numbers say it will give the economy a much-needed boost in the middle of… [read post]
28 Nov 2017, 9:47 am
Hatem, who was a Palestinian and a Muslim, allegedly received taunts calling him a terrorist, quizzing him regarding the location of his camel, and questioning why he went by the western nickname of “Freddie. [read post]
26 Apr 2011, 12:23 pm
There have already been dramatic changes to the regulations governing mortgages, observed the ABA, with the result that mortgage loans with lower risk characteristics, which include most mortgage loans being made by community banks today, should be exempted from the risk retention requirements regardless of whether sold to Fannie Mae and Freddie Mac or to private securitizers.Under the proposal, for the loan to qualify for the risk retention exemption, borrowers must make at least a 20… [read post]
12 Apr 2021, 10:56 am
., FHA, VA, Fannie Mae, or Freddie Mac); Sending certain important communications to borrowers by FedEx, UPS, or other weighted mail options, to help encourage borrowers to open mail that they may otherwise discard as a routine communication; and Providing information in multiple languages to better assist Limited English Proficient borrowers. [read post]
13 Nov 2009, 3:20 pm
The Award for Warning that the Federal Government had no Way of Dealing with a Possible Freddie/Fannie Bankruptcy: Richard Carnell (I've mentioned David Reiss in a post already). [read post]
5 Sep 2012, 11:22 am
My current mortgage is with Wells Fargo Bank and Freddie Mac. [read post]
8 Feb 2012, 5:15 am
Gives Fannie Mae and Freddie Mac incentives to reduce principal balances on underwater mortgages. [read post]
7 Apr 2010, 11:23 am
After deliberating for more than 9 hours over two days, the jury returned a guilty verdict convicting: Cleatus Maricle; Douglas Adams; County Clerk Freddy W. [read post]
13 May 2010, 4:53 am
After all, we have an SEC, a Federal Reserve Bank, a Treasury Department, the formerly government sponsored entities Fannie Mae and Freddie Mac, the Census Bureau, many data collection and analysis agencies, and too many congressional committees. [read post]
5 Oct 2011, 6:08 am
Because Fannie and its sister company, Freddie Mac, own or guarantee about half of U.S. mortgages and account for nearly all new mortgages, it is frightening to say the least that Fannie Mae turned a blindI eye to improper foreclosure practices for the better part of a decade. [read post]
24 Apr 2007, 7:15 am
Essentially, you become the insurance company.Take the case of Freddy Aguilera, who was hired at $65.00 per day to install rain gutters. [read post]
9 Jun 2011, 8:40 am
Will Fannie and Freddie follow Treasury's lead? [read post]
4 Aug 2009, 6:58 am
This amounts to only 9% of delinquent borrowers.The Treasury Department reports that approximately 85% of mortgages are covered by HAMP participating servicers, that 38 servicers have signed servicer participation agreement to modify loans under HAMP and that approximately 2,300 others automatically participate in HAMP as they service loans owned or guaranteed by Fannie Mae or Freddie Mac.The banking industry reportedly spent $42 million on lobbyists to defeat bankruptcy reform efforts… [read post]
27 Jun 2019, 12:05 pm
The owners of houses that are old or run-down may also benefit from the new CHOICERenovation mortgage loans offered by Freddie Mac, which are expected to be available soon. [read post]
22 Aug 2019, 9:41 am
The "police are racist" narrative was pushed mercilessly by the Times on big stories such as the shootings of Michael Brown in Ferguson,Trayvon Martin in Florida, and the arrest of Freddie Grey in Baltimore, but even stories on the smaller cases are often grossly inaccurate. [read post]
