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19 Nov 2007, 12:23 pm
Two of the larger fines in 2006 were issued against American International Group (AIG) and Fannie Mae, at $800 million and $400 million, respectively. 2007’s fines include $50 million against Freddie Mac, $45 million against ConAgra Foods, $81 million against HealthSouth founder Richard Scrushy, and $208 million against Deutsche Bank. [read post]
11 Nov 2007, 8:42 pm
In the process, he, and the hand that manipulates the sock puppet that everyone knows he is, get to take shots at Fannie Mae, Freddie Mac, and the federal banking regulators. [read post]
8 Nov 2007, 2:04 pm
” A spokesman for Cuomo’s office responded to the letter, explaining that the AG investigation “has clearly found pressure on appraisers to inflate appraisals and it is clear that many of the resulting mortgages were purchased by Fannie Mae and Freddie Mac. [read post]
8 Nov 2007, 2:19 am
New York Attorney General Andrew Cuomo's office issued subpoenas to government-sponsored mortgage finance giants Fannie Mae and Freddie Mac requiring the production of documents related to mortgages issued by Washington Mutual, a large thrift, that included allegedly inflated home appraisals.... [read post]
7 Nov 2007, 8:33 am
He has now subpoenaed Fannie Mae and Freddie Mac and says that his office has uncovered â [read post]
7 Nov 2007, 7:00 am
[JURIST] Former chairman and CEO of mortgage finance company Freddie Mac [corporate website] Leland Brendsel agreed to a consent decree [press release; stipulation and consent order, PDF] Tuesday to settle administrative charges filed by the Office of Federal Housing Enterprise Oversight (OFHEO) [official website], which maintains government oversight of Freddie Mac and Fannie Mae, in December [read post]
29 Oct 2007, 8:29 pm
" Finally, some Democrats want Fannie Mae and Freddie Mac to be allowed to expand their mortgage portfolios, creating financial flexibility for investors and lenders to help borrowers refinance. [read post]
22 Oct 2007, 8:36 am
Fannie Mae led the way with one of these against KPMG. [read post]
17 Oct 2007, 4:50 am
As reported by Fannie Mae in June 2007 and by the …Read More... [read post]
10 Oct 2007, 6:26 am
The Vice-President of the Fannie Mae Foundation called them "kickbacks. [read post]
9 Oct 2007, 11:59 pm
There is bipartisan support for several proposals, including giving Freddie Mac and Fannie Mae a greater role in the mortgage market. [2] These proposals are a bad idea. [read post]
9 Oct 2007, 12:44 pm
The State Attorney General, Marc Dann dumped his out-of-town lawyers in the state's lawsuit against Fannie Mae for securities fraud. [read post]
7 Oct 2007, 10:33 am
The Ohio AG denies this, as does Fannie Mae deny having committed securities fraud. [read post]
5 Oct 2007, 7:32 am
Institutions selling loans to Fannie Mae and Freddie Mac are not greatly affected by current market conditions. [read post]
1 Oct 2007, 10:36 am
Fannie Mae, Freddie Mac and Ginnie Mae purchase eligible mortgages and provide financial guarantees for mortgage pools. [read post]
30 Sep 2007, 8:49 pm
Institutions selling loans to Fannie Mae and Freddie Mac are not greatly affected by current market conditions. [read post]
18 Sep 2007, 4:34 pm
Among other provisions, the legislation would raise the ceiling on which loans qualify under FHA rules to the lesser of these two: a) 125% of the local area median home price or (b) 175% of the national Fannie Mae and Freddie Mac conforming loan limit (now $417,000). [read post]
10 Sep 2007, 8:20 pm
Bair said.No offense, Sheila, but using terms like "transactional nature" may sound real groovy when you're a college professor, as you once were and likely will be again, but to those of us who remember how the securitization of mortgages all began, were there "at the creation" (of Fannie Mae and Freddie Mac), understand how the government actively participated in the creation of this business model to encourage the greatest possible… [read post]
4 Sep 2007, 11:39 am
Lawmakers are mulling other steps to come to borrowers' rescue, including bolstering the roles of the Federal Housing Administration and of mortgage-buyers Fannie Mae and Freddie Mac. [read post]
18 Aug 2007, 5:09 pm
Evan Stolove Associate General Counsel, Fannie Mae (presented by the Litigation Committee) A year after [...] [read post]
