Search for: "Federal National Mortgage Association, "Fannie Mae""
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18 Nov 2009, 1:41 pm
Certain taxpayers are ineligible to elect an extended carryback period including (1) any taxpayer in which the federal government has acquired an equity interest or any warrant or right to acquire an equity interest in the taxpayer under the Emergency Economic Stabilization Act of 2008 (the “EESA”); (2) a taxpayer that receives funds from the federal government after the enactment date of the Act in exchange for an equity interest or a right to acquire such equity… [read post]
31 Oct 2009, 5:29 am
 I’ll get back to the point of the story… So now, ex-Fannie Mae Chief Credit Officer Edward Pinto has come out attacking Treasury’s claim that 500,000 homeowners have entered the HAMP loan modification program. [read post]
22 Sep 2009, 6:23 am
6) How did Fannie Mae and Freddie Mac’s engagement in the mortgage-backed securities market and the treatment of their debt as government-guaranteed contribute to the crisis? [read post]
7 Aug 2009, 1:40 pm
A borrower can still qualify for a Freddie Mac, Fannie Mae, VA, or USDA loan but if Freddie and Fannie are the borrower's only option to get condo financing they should prepare themselves to pay significantly higher fees for the same loan that FHA would have provided to them had the Condo been FHA approved. [read post]
5 Jul 2009, 8:40 am
• Fannie Mae has reported a large increase in the number of mortgages that are past due. [read post]
8 May 2009, 10:12 am
See entire order below.Ex Parte Federal National Mortgage Association, Petitioner.In Re Federal National Mortgage Association (“Fannie Mae”) Loans Subject to Foreclosure Sale.ORDERPetitioner asks this Court to issue an ex parte temporary injunction1 or restraining order “enjoining all judicial officials in South Carolina conducting foreclosure sales on May 4, 2009 (or the next judicial sales… [read post]
7 Apr 2009, 5:23 am
Fannie Mae's and Freddie Mac's failed experiment to improve home ownership for "low and middle income families" should be a wake-up call to those who believe more government involvement in American healthcare will help "low and middle income families". [read post]
5 Apr 2009, 1:26 pm
In September 2008, the government takeover of mortgage giants Fannie Mae and Freddie Mac was followed by the collapse of Lehman Brothers, the acquisition of Merrill Lynch by Bank of America and an $85 billion (and now $170 billion) government investment in American International Group. [read post]
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]
13 Mar 2009, 6:10 am
§ 1407, Largely Unopposed by Class Action Plaintiffs, and Transfers Actions to Southern District of New York Nineteen (19) class actions – 15 in New York and one each in the District of Columbia, Florida, New Jersey and Pennsylvania – were filed against the Federal National Mortgage Association (“Fannie Mae”) and numerous other defendants alleging that “Fannie Mae… [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]
23 Dec 2008, 8:33 pm
Statistics released in a report by the National Association of Consumer Bankruptcy Attorneys show that these modification programs are themselves little more than a scam. [read post]
21 Nov 2008, 12:52 pm
From Fannie Mae Press Release and USA Today: Mortgage giants Freddie Mac and Fannie Mae will suspend foreclosures and evictions for owners of occupied homes through the holidays — the latest effort to keep people in their houses. [read post]
6 Nov 2008, 5:00 pm
He later defaulted on his mortgage loan, and the shares were sold by the Federal National Mortgage Association ("Fannie Mae") to Michael and Christina Sassi. [read post]
10 Oct 2008, 10:24 pm
Hillary Rodham Clinton (PDF 452 KB) Letter Urges the Department of Treasury to Aid Small Businesses, Universities, Students and Municipalities Already Feeling the Damaging Effects of the Credit Crisis Fact Sheet: Shared National Credits Program Reports Large Increase in Credit Volume and Significant Deterioration in Credit Quality (PDF 120 KB) Prepared by the Office of Thrift Supervision, Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve… [read post]
10 Oct 2008, 3:18 am
Fannie Mae Preferred Stock, Series T: The first of these recent lawsuits was filed on September 17, 2008 in the Southern District of New York on behalf of purchasers of Federal National Mortgage Association’s ("Fannie Mae") May 13, 2008 offering of 8.25% Non-Cumulative Preferred Stock, Series T. [read post]
3 Oct 2008, 6:33 pm
" • The FBI announced it was investigating potential fraud at Fannie Mae, Freddie Mac, Lehman, and AIG. [read post]
30 Sep 2008, 3:05 pm
In 1999, to continue the effort to extend the possibility of home ownership for low and moderate income earners, the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac") loosened their loan requirements, which gave birth to more adjustable rate mortgages, no documentation loans, lower down payments, etc. [read post]
25 Sep 2008, 9:56 pm
Bush said about Fannie Mae and Freddie Mac: Freddie Mae -- Fannie Mae and Freddie Mac -- I see the heads who are here; I want to thank you all for coming -- (laughter) -- have committed to provide more money for lenders. [read post]
25 Sep 2008, 2:33 pm
The obvious solution is to restore, at least temporarily and possibly permanently, the business of low-end mortgage finance, refinance, financial counseling, and mortgage securitization to those still existing agencies which made low-end mortgages possible in the first place, then handled the bulk of them for decades: I refer to the Federal Housing Administration (FHA), working in tandem with its originally government-sponsored and recently… [read post]
