Search for: "Fannie Mae"
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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]
27 Feb 2009, 10:40 am
And City News Service, through KTTV, quoted a RealtyTrac executive who suggested that a foreclosure sales moratorium by the Fannie Mae and Freddie Mac may be responsible. [read post]
26 Feb 2009, 11:56 pm
Circuit's ruling in In re Fannie Mae is a cautionary tale for e-discovery counsel that highlights the importance of understanding the issues and the potential scope of EDD before entering into any type of agreement governing the future conduct of discovery in the case. [read post]
26 Feb 2009, 7:43 pm
UPDATE: Fannie Mae Loses $58.7 Billion, Puts Hand Out for More. [read post]
26 Feb 2009, 4:44 pm
The mortgage finance giant Fannie Mae said late Thursday that it needed $15.2 billion in government aid to make up for losses from the slumping housing market. [read post]
26 Feb 2009, 8:46 am
Circuit appellate opinion, In re Fannie Mae Securities Litigation, _ F.3d _, 2009 WL 21528 (C.A.D.C., Jan. 6, 2009), the court addressed the consequences of entering into a stipulated order designed to resolve some of the problems encountered over the course of complying with a subpoena issued under Federal Rule of Civil Procedure 45.Specifically, the Office of Federal Housing Enterprise Oversight (OFHEO) appealed from a contempt order of the U.S. [read post]
25 Feb 2009, 8:00 am
In a rare Court of Appeals decision, In re Fannie Mae Securities Litigation, 552 F.3d 814 (D.C. [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]
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]
20 Feb 2009, 11:04 am
On Wednesday, February 18, President Obama announced his intention to spend up to $75 billion for direct aid to forestall (hopefully) millions of foreclosures, and to make available $200 billion additional dollars to support refinancing of loans owned or guaranteed by the two giant federal housing agencies, Freddie Mac and Fannie Mae. [read post]
19 Feb 2009, 8:50 am
As outlined, the plan has three stated purposes: (1) to provide low-cost refinancing to homeowners now unable to refinance; (2) to create a $75 billion fund to aid loan modifications for homeowners now underwater on mortgages; and (3) to keep current mortgage rates low by providing additional support for Fannie Mae and Freddie Mac. [read post]
19 Feb 2009, 8:09 am
” The President’s plan would allow homeowners with little equity in their houses to refinance their mortgages, allocate funds to keeping a large number of homeowners out of foreclosure, and increase government funding of Fannie Mae and Freddie Mac.The President assures that this program "will not rescue the unscrupulous or irresponsible by throwing good taxpayer money after bad loans. [read post]
19 Feb 2009, 12:44 am
Court of Appeals for the District of Columbia Ruling Prevents 17 Turkic Uighurs Held at Guantanamo Bay, Cuba From Being Released Into the United States
02/18/2009
Speech by President Barack Obama on the Home Mortgage Crisis (PDF 68 KB)As Prepared for Delivery in Phoenix, Ariz. on Feb. 18, 200902/18/2009
Speech Delivered by Federal Reserve Board Chairman Ben BernankeRemarks as Prepared for Delivery at the National Press Club Luncheon on Feb. 18, 200902/18/2009
… [read post]
18 Feb 2009, 1:52 pm
Department of Housing and Urban Development's website has various links to further information.Fannie Mae's website and the Treasury Department's financialstability.gov also have further information.Former Secretary of Labor Robert Reich wrote a blog post on the proposal stating that the two most important aspects of the proposal are its support for bankruptcy modification of mortgage and the administration's support for Fannie Mae and Freddie Mac.New… [read post]
18 Feb 2009, 8:44 am
The plan would allow four million to five million homeowners refinance mortgages guaranteed by the government-controlled housing giants Freddie Mac and Fannie Mae. [read post]
18 Feb 2009, 8:33 am
Jolly Wheels will find and pre-qualify [using Fannie Mae mortgage qualification criteria no doubt] renters in your area. [read post]
18 Feb 2009, 7:20 am
One program is aimed at 4 to 5 million struggling homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac to help them refinance their mortgages through the two institutions. [read post]
18 Feb 2009, 7:20 am
One program is aimed at 4 to 5 million struggling homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac to help them refinance their mortgages through the two institutions. [read post]
16 Feb 2009, 12:54 pm
Some polices require that you be at least three months behind on your mortgage -- Fannie Mae and Freddie Mac among them. [read post]
16 Feb 2009, 11:57 am
Christopher Dodd, chairman of the Senate Banking Committee, who got a sweetheart mortgage from Countrywide and carried water for Fannie Mae like Gunga Din, should be testifying before his own committee in an orange jumpsuit in exchange for early release. [read post]
