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3 Apr 2017, 2:25 pm
Bank National Association, on behalf of the Lehman XS Trust, Series 2006-GP2 (“GP2“), Lehman XS Trust, Series 2006-GP3 (“GP3“), and Lehman XS Trust, Series 2006-GP4 (“GP4“) (collectively, the “Trusts“), and Freddie Mac Conservator Federal Housing Finance Agency (collectively, “Plaintiffs“) brought consolidated claims against GreenPoint regarding GP2, GP3, and GP4. [read post]
30 Mar 2017, 8:01 am
National banks have the benefit of federal preemption that allows them to ignore many state laws. [read post]
26 Mar 2017, 11:30 am
If you’re divorcing your spouse and bankruptcy is a concern, you should consider taking a domestic support obligation rather than something like a property settlement so you will not be responsible for debt associated with the property, like a mortgage. [read post]
24 Mar 2017, 7:33 am
According to reports, the SEC is pushing to bar a former Financial Network Investment Corp. broker who pled guilty to securities fraud, mail fraud and mortgage fraud last June in federal court in Philadelphia. [read post]
22 Mar 2017, 2:00 am
She also worked for the Australian federal government evaluating the world’s first national scheme to regulate the creation and trade of carbon credits. [read post]
13 Mar 2017, 1:20 pm
State National Bank of Big Spring and the other amici on its brief are the plaintiffs in a separate lawsuit pending in D.C. federal district court challenging the CFPB’s constitutionality. [read post]
3 Mar 2017, 7:01 am
Dan Berger, President and Chief Executive Officer of the National Association of Federally-Insured Credit Unions (the “NAFCU“), urged regulatory relief for credit unions in a letter submitted to the Secretary of the Treasury, Steven Mnuchin, in his capacity as Chairman of the Financial Stability Oversight Council (the “FSOC”), the voting members of which also include the Chairman of the Board of Governors of the Federal Reserve System, the… [read post]
21 Feb 2017, 1:58 pm
That downturn pushed two central players in the United States’ housing mortgage market—the Federal National Mortgage Association (“Fannie Mae” or “Fannie”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac” or “Freddie”) — to the brink of collapse. [read post]
19 Feb 2017, 4:02 pm
” Newspapers Journalism and Regulation The Press Gazette has published the UK national newspaper print circulations for January ABC. [read post]
14 Feb 2017, 9:23 pm
Instead, it was driven by an expectation of a change in Federal Reserve monetary policy. [read post]
31 Jan 2017, 2:24 pm
These include the Office of the Comptroller of the Currency (“OCC”), Board of Governors of the Federal Reserve System (“Federal Reserve”), Federal Deposit Insurance Corporation (“FDIC”), Office of Thrift Supervision (“OTS”), National Credit Union Administration (“NCUA”), Securities and Exchange Commission (“SEC”), and the Federal Trade Commission (“FTC”). [read post]
31 Jan 2017, 3:58 am
The US Court of Appeals for the Federal Circuit [official website] ruled [order, PDF] Monday that the federal government, which took control of the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) [official websites], may withhold certain documents sought in a suit filed by shareholders. [read post]
27 Jan 2017, 9:11 am
’s petition for review of an NLRB decision finding that confidentiality and non-disparagement provisions in the company’s Mortgage Banker Employment Agreement unreasonably burdened employees’ rights under Section 7 of the NLRA. 4. [read post]
27 Jan 2017, 9:11 am
’s petition for review of an NLRB decision finding that confidentiality and non-disparagement provisions in the company’s Mortgage Banker Employment Agreement unreasonably burdened employees’ rights under Section 7 of the NLRA. 4. [read post]
23 Jan 2017, 4:00 am
This case involves the valuation of a single-family home in Elyria, Ohio that was recently the subject of a recent sale.The property owners had purchased the property from the Federal National Mortgage Association (Fannie Mae), who owned the property as a result of foreclosure, having paid $54,000 to acquire it. [read post]
20 Jan 2017, 10:02 am
The Supreme Court of the United States recently held that the “sue-and-be-sued” clause in the Federal National Mortgage Association’s (“Fannie Mae”) charter does not confer subject matter jurisdiction on federal district courts over all cases involving Fannie Mae, and that an independent basis for subject matter jurisdiction must exist such as federal question or diversity. [read post]
19 Jan 2017, 4:44 am
” Briefly: At the National Conference of State Legislatures Blog, Lisa Soronen discusses the court’s recent decision to review National Association of Manufacturers v. [read post]
18 Jan 2017, 6:25 pm
Justice Sotomayor’s opinion begins: The corporate charter of the Federal National Mortgage Association, known as Fannie Mae, authorizes Fannie Mae “to sue and to be... [read post]
18 Jan 2017, 11:03 am
Cendant Mortgage Corp., firmly rejects the extension of federal jurisdiction over cases involving the Federal National Mortgage Association. [read post]
2 Jan 2017, 1:34 pm
The Act does not apply to mortgagees, noteholders, servicers, their affiliates, or government entities like the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) that continue to hold title to properties following foreclosure sales. [read post]
