Search for: "Federal National Loan Mortgage"
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8 Apr 2007, 8:45 pm
Schumer also wants to set up a national regulatory system for non-bank mortgage lenders and brokers, giving authority to existing federal bank regulators to oversee tens of thousands of independent firms that operate separately from banks. [read post]
1 Apr 2015, 10:52 am
As a result of the conspiracy, lenders provided over $3.5 million for fraudulently obtained loans, which resulted in losses of almost $2.5 million to the lenders, the Federal Housing Administration which insured some of the loans, and the Federal National Mortgage Corporation (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”), who purchased some of the loans in… [read post]
21 Jun 2016, 12:18 pm
BNC National Bank closed its first mortgage loan in North Carolina in 2008 and consistently closed mortgage loans in the state every year thereafter. [read post]
9 Jun 2008, 10:02 pm
It is not designed to become the federal lender of last resort, a mega-agency to subsidize bad loans. [read post]
22 Apr 2019, 7:14 am
Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2019-06 setting forth new documentation requirements for down payment assistance provided by government entities to be used in connection with Federal Housing Administration (FHA) insured mortgage loans. [read post]
5 Jun 2015, 9:53 am
The mortgage lenders (nine national mortgage companies and one local bank) were led to believe that the straw buyers had made substantial down payments and paid substantial sums at closings. [read post]
19 Jul 2011, 9:11 pm
Meantime, Wells Fargo must still deal with MBS lawsuits filed by federal home loan banks and individual investors in Illinois, California, and Indiana. [read post]
26 Feb 2024, 2:37 pm
ShareSince the Civil War, the U.S. banking industry has been divided between state banks, chartered and regulated by state authorities, and national banks, chartered and regulated by federal authorities. [read post]
12 Feb 2010, 12:51 am
Your loan servicer may be participating in the federal loan modification program called the Home Affordable Modification Program, which has specific requirements and guidelines. [read post]
18 Sep 2007, 4:34 pm
Today the U.S House of Representatives approved a bill that would significantly reform the availability of loans insured by the Federal Housing Administration. [read post]
23 Jun 2020, 1:44 pm
However, while people with student loans, mortgages and automobile loans were offered helpful alternatives to survive the Corona-induced downturn, people with credit card debts often were not. [read post]
27 Nov 2023, 12:29 am
In response to the economic challenges posed by the COVID-19 pandemic, the Federal Reserve injected unprecedented amounts of money into circulation. [read post]
17 Nov 2008, 1:39 pm
Newby-Allen was alleged to have conducted a mortgage fraud scheme from mid-2004 through March 2006 which fraudulently obtained millions from mortgage companies through inflated mortgage loans obtained by straw purchasers, including Newby-Allen's husband and co-defendant Brinson Allen, who was convicted on multiple charges relating to the scheme following a 10 day trial in July by a federal jury. [read post]
14 Jul 2008, 6:14 pm
Rates for 30-year fixed-rate loans are down again today, at least the national average is — 6.09 percent, according to Bankrate.com. [read post]
9 Aug 2013, 5:34 pm
These two government-backed firms back the majority of the nation’s mortgages. [read post]
8 Jan 2014, 10:18 am
He paid off that loan in 2006, with a mortgage loan from First National Bank of Pennsylvania. [read post]
6 Feb 2012, 2:31 pm
The state anti-deficiency statutes, case law regarding equitable mortgages, and the federal Garn-St. [read post]
10 Aug 2009, 1:01 pm
And according to an Aug. 4 article in the South Florida Sun-Sentinel, federal government efforts to encourage loan modifications have fallen flat, with fewer than 9% of eligible loans modified under the federal Making Home Affordable program and 15% of eligible homeowners receiving an offer of a loan modification. [read post]
1 Oct 2007, 10:36 am
Federal Home Loan Mortgage Corporation (Freddie Mac) is likewise a stockholder owned corporation created by Congress to support the housing market. [read post]
20 Oct 2020, 12:36 pm
Two-thirds of the residential mortgage loans in this country are federally backed mortgages. [read post]
