Search for: "Federal Home Loan Mortgage"
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20 Jul 2009, 9:35 am
Mortgage Link sold $30 million worth of loans a month. [read post]
1 Oct 2013, 12:31 pm
Beginning this morning at 9:00 am, the Florida Hardest Hit program sprang back to life, accepting new applications for the federal principal reduction program that promises Florida home owners burdened with underwater mortgages a decrease of up to $50,000 in their mortgage loan balance. [read post]
15 Jun 2022, 11:32 am
A buyer borrows the down payment for their mortgage loan from the seller of the home who asks for a second mortgage in exchange for it. [read post]
4 Feb 2010, 9:52 am
The federal Department of Treasury announced new guidelines to streamline mortgage application processes for all mortgage applicants, including those in Boston and Massachusetts who apply for a mortgage associated with Fannie Mae or Freddie Mac. [read post]
28 Jan 2013, 2:18 am
A new rule passed Jan. 15 gives mortgage lenders an additional year to institute appraisal standards for higher-risk loans. [read post]
28 Jun 2009, 2:27 pm
The mortgage fraud indictment alleges there were several schemes in which the defendants inflated the values of dilapidated homes. [read post]
16 Dec 2014, 3:15 pm
Constantinou was a loan officer at GMAC Mortgage from 2006 to 2007 and at Countrywide Home Loans from 2007 to 2008. [read post]
5 Aug 2011, 1:54 am
Federal agents posed as straw buyers of houses, seeking assistance in financing and closing fraudulent mortgage transactions. [read post]
26 Jul 2011, 4:29 pm
The National Credit Union Administration has filed a $629 million securities fraud lawsuit against RBS Securities, Wachovia Mortgage Loan Trust LLC, Nomura Home Equity Loan Inc., Greenwich Capital Acceptance Inc., Lares Asset Securitization Inc., IndyMac MBS Inc., and American Home Mortgage Assets LLC. [read post]
19 Feb 2013, 7:02 am
Robert Hockett, the Cornell University law professor who is advising the company behind the underwater mortgage condemnation concept, welcomed the good news in the New York Federal Reserve Bank's report. [read post]
21 Mar 2011, 8:31 am
On February 17, 2011 the Appellate Division of the New Jersey Superior Court set aside the sheriff’s sale of a home on the grounds that Federal law prohibits a foreclosure sale from proceeding when the homeowner is being evaluated for a loan modification. [read post]
21 Mar 2011, 8:17 am
On February 17, 2011 the Appellate Division of the New Jersey Superior Court set aside the sheriff’s sale of a home on the grounds that Federal law prohibits a foreclosure sale from proceeding when the homeowner is being evaluated for a loan modification. [read post]
20 Nov 2012, 2:05 pm
Five more banks and mortgage companies have agreed to pay the federal government a total of $116.7 million to settle a whistleblower lawsuit that alleged the banks illegally charged veterans hidden fees on refinanced home loans backed by the Veterans Administration. [read post]
12 Sep 2014, 6:38 am
It mirrors but is less expansive than the federal law on qualified mortgage indebtedness. [read post]
22 Dec 2011, 10:45 am
The SEC has charged six former top executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) with securities fraud, alleging they knew and approved of misleading statements claiming the companies had minimal holdings of higher-risk mortgage loans, including subprime loans.Fannie Mae and Freddie Mac each entered into a Non-Prosecution Agreement with the… [read post]
30 Jun 2020, 2:29 pm
The Coronavirus Aid, Relief, and Economic Security Act had several provisions for homeowners, including: A moratorium on foreclosure of single-family homes with federally backed mortgages, which the Federal Housing Finance Agency recently extended until at least Aug. 31 A mandate that forbearance be provided to homeowners, regardless of their delinquency status The loosening of restrictions on modifying loans Illinois has issued executive orders that… [read post]
9 Apr 2009, 4:27 am
The Federal Trade Commission announced on April 6, 2009 a crackdown on fraud and deception by mortgage modification and home foreclosure rescue companies. [read post]
18 Nov 2009, 7:15 am
As West Covina loan modification attorneys, we were interested to see the Treasury Department's monthly report on the progress of the federal Making Home Affordable plan. [read post]
2 Mar 2011, 6:23 pm
The most widely available reverse mortgage product is the HECM, the only reverse mortgage program insured by the Federal Housing Administration (FHA). [read post]
12 Jun 2020, 11:31 am
EIDL loans do NOT take a second mortgage against the owners’ home. [read post]
