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28 Apr 2008, 1:25 pm
Given the ongoing controversies surrounding Fannie Mae and Freddie Mac's participation in the mortgage securitization market, one wonders whether the Department of Education will do a better job of examining the loans it is purchasing, or whether it will allow lenders to dump the riskiest, worst-performing loans on the Government. [read post]
15 Dec 2010, 2:30 pm
Indeed, I was struck after watching the film that “Freddie Mac” and “Fannie Mae” were seldom uttered at all during the film. [read post]
18 Nov 2008, 5:43 pm
Indeed, many borrowers who've been foreclosed never even heard about these new outreach programs to keep them in their homes. (3) Letting investment banks borrow from the Fed's discount window just after Bear Stearns failed suggests that letting the firm go was done as a risky gesture to the principle of avoiding moral hazard, which has subsequently been thrown out the window. (4) The government's unwillingness to provide transparent rescue plans started with the mysterious $29bn Bear… [read post]
3 May 2011, 10:29 am
Securitization dates back to the 1970s, when mortgage-backed securities were issued for the government and government-sponsored entities such as the Government National Mortgage Association (GNMA or Ginnie Mae), the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac), and the Federal National Mortgage Association (FNMA or Fannie Mae), says Adam Meyer, CSAs CEO. [read post]
17 Nov 2021, 10:54 am
One is "I Shot the Sheriff" … Another example is Bohemian Rhapsody by Freddie Mercury and Queen, who were not confessing to mama that they killed a man. [read post]
22 Dec 2015, 1:06 pm
The year took a hellish turn in April following the death of Freddie Gray in police custody, which sparked violent rioting and enduring unrest. [read post]
15 Sep 2010, 7:27 pm
“The resolution mechanism for disputes with the private insurers is a lot less developed” than with Fannie Mae and Freddie Mac, said Chris Kotowski, an analyst at Oppenheimer & Co. [read post]
13 Nov 2012, 11:19 am
Banks Bank of America Short Sale Program Chase Short Sale Program CitiMortgage Program Wells Fargo Short Sale Program Federal Agencies HAFA – Fannie Mae Short Sales Program HAFA – Freddie Mac Short Sales Program HAFA – Non – GSE Short Sales Program (Memo Extending to December 31, 2013) Larry Tolchinsky’s Tip: This list isn’t written in stone. [read post]
6 Feb 2012, 12:40 pm
Also, there is much progress in refinancing homes whether the home ownership is under Fannie Mae, or Freddi Mac as long as the homeowners are current on their payment. [read post]
21 Nov 2008, 2:44 pm
The FBI also is investigating Fannie Mae, Freddie Mac, AIG, Lehman Brothers and others involved in the subprime mortgage crisis. [read post]
15 Aug 2016, 1:39 pm
The "national conversation" looks a good deal like "space to destroy," in the memorable phrase of Stephanie Rawlings-Blake, Mayor of Baltimore and opener of the Democratic National Convention.It was also Baltimore where, after the charges against six officers in the Freddie Gray case -- not a single one of which was proved (before a black judge) and all of which were recently dropped -- the murder rate spiked by 63% in 2015. [read post]
12 Mar 2010, 1:52 pm
Some big banks are considering issuing new mortgage backed securities--these would be acked by jumbo bonds (more than $730,000 loans) because Fannie and Freddie can't do those, and probably with at least 40% or so equity. [read post]
27 May 2014, 9:03 am
The decision did not determine, in a final way, the fate of the individual in the case, Freddie Lee Hall, who was sentenced to die for the 1978 murder of a pregnant housewife. [read post]
28 Aug 2014, 1:27 pm
McClung’s career was spent at Freddie Mac where she held numerous positions throughout the agency. [read post]
26 Jul 2008, 4:56 pm
Evil/Mini Me Steve Blake - Gummo (main character from the movie) Andrew Bogut - Ashlee Simpson (pre-surgery) Bruce Bowen - Droopy Dog Kwame Brown - guy from movie “The Air Up There” Mike Brown - The Grimace PJ Brown - Willem Dafoe Andrew Bynum - Tracy Morgan Rick Carlisle - Anthony Perkins (Psycho) Sam Cassell - ET; Gollum Nick Collison - Sam Rubenstein Danny Crawford (ref) - Kwesi Mfume Mark Cuban - Joaquin Phoenix; Elephant Boy from The Howard Stern Show … [read post]
23 Jul 2012, 9:40 am
" The interest rate for a 30-year fixed-rate mortgage averaged 3.68 percent in June 2012, significantly lower than the 4.51 percent average during the same month a year earlier, according to Freddie Mac. [read post]
14 Jan 2016, 11:44 am
The Verification Policy must: Be compliant with the requirements set forth in this Handbook; Identify what form of verification the servicer will require for various components of borrower’s income (which verification cannot be based solely on the borrower’s stated income); Reflect the business judgment employed by the servicer when modifying loans held in its own portfolio; Be consistent with investor guidelines, when applicable; and Chapter II: HAMP MHA Handbook… [read post]
6 Aug 2010, 7:23 am
And, as Bloomberg’s Lorraine Woellert notes in this June article, Fannie Mae — which with Freddie Mac backs a huge proportion of U.S. mortgages — is warning that homeowners who do the same thing “will be banned from obtaining new mortgages backed by Fannie Mae for seven years from the date of foreclosure…” Here’s the reasoning: “Walking away from a mortgage is bad for borrowers and bad for communities,” Terence Edwards, Fannie… [read post]
28 Jun 2010, 7:40 am
And, of course, the fact that the government had the power to “resolve” Fannie Mae and Freddie Mac (which it did) has not prevented either precipitous action or a big bailout. [read post]
2 Apr 2009, 2:21 pm
I make sure to remind them about what happened to Wilbert Lee and Freddie Pitts. [read post]