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5 Oct 2010, 12:47 am by Garry J. Wise, Wise Law Office, Toronto
So eager were the originators to pump-and-dump mortgages - to write up loans and immediately re-sell them to the chumps at Fannie Mae, Freddie Mac and elsewhere - that they got ludicrously sloppy. [read post]
4 Mar 2021, 2:50 pm by Richard J. Andreano, Jr.
Currently, lenders may use the original 43% DTI QM, the new general QM based on an APR limit, and the temporary QM based on a loan being eligible for sale to Fannie Mae or Freddie Mac, which is commonly referred to as the “GSE Patch,” for applications received before July 1, 2021, and only the new general QM would be available for applications received on or after that date. [read post]
2 Sep 2010, 1:50 am
Las subastas en internet, la mediacion obligatoria y el contratar a jueces retirados para enfocarse en casos de foreclosures o ejecuciones hipotecarias, son medidas adoptadas para acortar el tiempo requerido en un proceso de foreclosure, incluyendo un nuevo programa de Fannie Mae. [read post]
10 Sep 2024, 7:53 pm by Sabrina I. Pacifici
They can identify areas of the country with elevated disaster risk based on several factors, and which of those areas have concentrations of properties financed with loans acquired by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. [read post]
6 Apr 2023, 6:31 am
Major investment banks, Fannie Mae and Freddie Mac, nearly all savings and loan institutions, off-balance sheet vehicles, AIG and banks around the world – all of them failed. [read post]
14 May 2010, 8:13 am by Rich Vetstein
Lenders Pulling Second Credit Reports Under Fannie Mae Loan Quality Initiative (LQI) Weekly Mortgage Rate Lock Advisory, May 19, 2010 The 2 Major Snags That Can Derail Your Mortgage Loan: Significant Home Repairs And A Low Appraisal Share and Enjoy: [read post]
29 Apr 2009, 3:40 pm
Some of it has to do with legal action -- a California state law has delayed lenders' action on many defaults, while private lenders, Fannie Mae and Freddie Mac had temporarily suspended foreclosure actions during the early part of the year. [read post]
5 Nov 2010, 11:01 am by Theo Francis
All in all, not a bad outcome for a “strategic default,” to borrow a phrase from the Fannie Mae executive we cited in our previous post on this hotel. [read post]
13 Jan 2012, 10:36 am by blacklobellolaw
As a way to cut the cost of recording fees, and deal with the wildly different standards of the various county recording offices, Fannie Mae and Freddie Mac formed a national entity called MERS. [read post]
6 Sep 2008, 1:12 pm
The imminent nationalization of Fannie Mae and Freddie Mac (NYTimes story) while perhaps restoring some confidence in the short-run, cannot resolve the underlying debt crisis. [read post]
1 Jul 2010, 5:00 am by Deepak Gupta
High on that list will be solving the Fannie Mae/Freddie Mac conundrum as the firms are still bleeding billions of dollars. [read post]
13 Jun 2007, 12:53 pm
As was indicated by the Court, in connection with their business of making loans secured by mortgages, the defendant's employees only completed certain blank lines contained in a standard "Fannie Mae/Freddie Mac Uniform Instrument. [read post]
23 Feb 2009, 3:21 pm
First Place Bank (through Fannie Mae's "HomePath" Program) - [reosearch.fanniemae.com]A few words to the wise, however, for all the "would be landlords" out there.First, check zoning laws to see if rentals are permitted in the particular locale.Second, understand that you will probably not be eligible for the lowest mortgage rates around which are based on "owner-occupied properties" (although many banks are being competitive to help lessen… [read post]
13 Apr 2010, 9:26 am by Rich Vetstein
Much of the change is driven by the stricter underwriting standards imposed by Fannie Mae, Freddie Mac and FHA. [read post]
17 Apr 2010, 11:29 am by Rich Vetstein
Lenders Pulling Second Credit Reports Under Fannie Mae Loan Quality Initiative (LQI) Weekly Mortgage Rate Lock Advisory, May 19, 2010 The 2 Major Snags That Can Derail Your Mortgage Loan: Significant Home Repairs And A Low Appraisal Weekly Massachusetts Mortgage Rate Lock Advisory For May 14, 2010 Share and Enjoy: [read post]
14 May 2010, 8:13 am by Rich Vetstein
Lenders Pulling Second Credit Reports Under Fannie Mae Loan Quality Initiative (LQI) Weekly Mortgage Rate Lock Advisory, May 19, 2010 The 2 Major Snags That Can Derail Your Mortgage Loan: Significant Home Repairs And A Low Appraisal Share and Enjoy: [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]
14 Feb 2012, 8:22 am
Another issue that has been voiced by consumer advocates is that Fannie Mae and Freddie Mac, both government-owned mortgage lenders, are not required to forgive their borrowers' debt. [read post]