Search for: "Fannie Mae"
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18 Jun 2009, 2:15 pm
" Investors who were sold structured products issued by Lehman Brothers, Freddie Mac or Fannie Mae by UBS or other brokerage firms based on representations that they were conservative investments have compelling claims to recoup their losses. [read post]
6 Dec 2011, 8:50 am
(Democrats would also increase the fees Fannie Mae and Freddie Mac charge lenders.) [read post]
27 Jul 2008, 1:40 pm
Other aspects of the bill change the rules for reverse mortgages, redefine jumbo loans for purchases by Fannie Mae and Freddie Mac, and change tax rules. [read post]
9 Jul 2013, 5:52 pm
In total, the scheme collected at least $4.9 million from more than 1,000 homeowners, including homeowners whose mortgages were owned by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). [read post]
28 May 2015, 4:38 pm
Yaney was ordered to pay full restitution of $7,748,019 to the Federal National Mortgage Association (Fannie Mae) and Greystone Servicing Corporation, the lender harmed by Yaney’s crime. [read post]
7 Apr 2011, 2:42 am
While most first mortgages are held by the government-controlled companies such as Fannie Mae and Freddie Mac, banks hold most of the seconds and other lien mortgages. [read post]
19 Feb 2010, 2:29 pm
Private-label securities are based on mortgage loans that did not meet the lending standards of a government-sponsored entity, such as Fannie Mae or Freddie Mac. [read post]
22 Oct 2011, 11:56 am
The Dodd-Frank Act, ironically, was brought to you by the same legislators who forced Fannie Mae and Freddie Mac to lower their standards for the mortgage loans they purchased in the first place. [read post]
9 Feb 2022, 7:36 am
” The CFPB also states that it is “deeply troubled by the discriminatory statements the Federal Housing Finance Agency recently identified in some home appraisals, and the appraisal disparities for communities and borrowers of color recently found in both Freddie Mac and Fannie Mae studies. [read post]
16 Mar 2011, 9:13 am
MERS was formed 16 years ago by Fannie Mae, Freddie Mac and a number of big banks like JPMorgan Chase and Bank of America. [read post]
28 Jan 2014, 7:59 am
” “James Lee Lankford participated in a fraudulent scheme that preyed on elderly victims and the banking industry, causing millions of dollars in losses to those individuals and to Fannie Mae,” said Michael P. [read post]
13 Jul 2012, 8:49 am
Recently BofA has refused to pay Fannie Mae additional billions of dollars of pending repurchase claims. [read post]
22 Oct 2011, 12:34 pm
According to the Los Angeles Times, these settlements include: • A promise to forgive up to $3 billion in principal for Massachusetts Countrywide borrowers • $600 million to former Countrywide shareholders • Billions of dollars to Freddie Mac and Fannie Mae over buybacks of bad home loans • $8.5 billion to institutional investors over the repurchase of Countrywide mortgage-backed bonds • $5.5 billion reserved for mortgage bond investors with similar… [read post]
21 Jul 2012, 8:08 am
” And he recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae’s former senior management. [read post]
19 Jun 2019, 6:03 am
In April 2011 a customer filed a complaint alleging that Busco violated the securities laws by, among other things, that Busco made unsuitable investments in Fannie Mae and Freddie Mac causing $120,000 in damages. [read post]
6 Oct 2010, 7:28 pm
The Federal Housing Finance Agency, which regulates government sponsored mortgage buyers Fannie Mae and Freddie Mac, and the Office of the Comptroller of the Currency, which regulates national banks stopped the PACE programs in their tracks. [read post]
2 Aug 2011, 7:47 pm
" Fannie Mae, Freddie Mac, and the Federal Housing Finance Authority also publicly lambasted the ordinance. [read post]
24 Mar 2020, 2:03 pm
Expanding the types of ABS that are Eligible Collateral to include (i) non-qualified mortgage loans and other private label RMBS, (ii) unsecured consumer ABS loans originated by marketplace lenders and other consumer finance companies, (iii) mortgage servicing rights, (iv) credit risk transfer instruments including those recently issued by Fannie Mae and Freddie Mac, and (v) other assets including transportation-related ABS, including those collateralized by containers, rail cars,… [read post]
4 Oct 2013, 3:39 am
Through this scheme, the defendants arranged the purchase of approximately $100 million in mortgages, resulting in estimated total losses between $7 million and $20 million to the mortgage lenders and secondary purchasers Fannie Mae and Freddie Mac. [read post]
14 Dec 2011, 7:16 am
She testified she notarized 25,000 false documents on notices of default for Bank of America, Washington Mutual, Fannie Mae and Freddie Mac. [read post]
