Search for: "Federal Home Loan Mortgage"
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19 Dec 2008, 1:03 am
People who bought stock in Countrywide Home Loans and New Century Mortgage have brought class action lawsuits against the lenders for their reckless lending activities, according to an article by Alison Frankel of The American Lawyer. [read post]
16 Dec 2011, 11:57 am
On Friday, December 16, 2011, the SEC announced that it had entered into non-prosecution agreements with the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac") and filed charges against six of their former executives for securities fraud, alleging that "they knew and approved of misleading statements claiming the companies had minimal holdings of higher-risk… [read post]
13 Feb 2014, 1:36 pm
February 12, 2014, FHFA Oversight of Enterprise Handling of Aged Repurchase Demands “Why OIG Did This Report: “Various entities such as banks often sell mortgage loans to two Government Sponsored Enterprises – the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac); taxpayers invested heavily to keep these enterprises afloat during the… [read post]
19 Oct 2011, 12:50 pm
The trend of Americans reducing what is owed on credit cards and home loans is going in reverse with student loans. [read post]
27 Oct 2010, 4:28 am
A more affordable version of the Home Equity Conversion Mortgage (HECM) has been announced by the Federal Housing Administration in an effort to help struggling seniors access the equity in their homes to pay living and healthcare expenses. [read post]
4 Nov 2007, 5:16 am
Nearly half of blacks who bought a house in 2005 or 2006 ended up with a high-interest mortgage, compared with 13 percent of white home buyers, according to an Atlanta Journal-Constitution analysis of federal mortgage data. [read post]
8 Nov 2010, 3:39 am
The Federal Home Loan Mortgage Corporation – commonly known as Freddie Mac – said in its September economic outlook that existing home sales will decline more than 20 percent in the third quarter compared with the same period one year ago. [read post]
23 Mar 2011, 8:35 am
Collectively, we reportedly owe about $751 billion more on mortgages than our homes are worth. [read post]
14 Oct 2020, 11:28 am
However, some individuals are at risk of losing their homes if they fail to pay their mortgages in a timely manner. [read post]
11 May 2011, 8:06 am
Now, as many as 12,500 of Deutsche Bank’s loans have apparently defaulted (meaning that the homes have gone into foreclosure), leaving the government responsible for covering the losses. [read post]
1 Apr 2015, 12:14 pm
The new booklet is entitled “Your home loan toolkit: A step-by-step guide. [read post]
10 Jun 2021, 8:24 am
With this information, you then work with a bank or other mortgage lender to get preapproval for a loan of a certain amount. [read post]
29 Sep 2013, 7:46 pm
Ten defendants, including five licensed loan originators, were indicted for allegedly participating in a scheme to fraudulently obtain approximately 52 residential mortgage loans totaling at least $14.5 million from various lenders. [read post]
18 Mar 2011, 10:19 am
Legislation reforming the government sponsored enterprises, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), has been introduced by House Financial Services Committee Chairman Spencer Bachus (R-Ala) and Vice Chairman Jeb Hensarling (R-TX). [read post]
5 Dec 2016, 6:11 am
And a federal judge stands by to sort it out. [read post]
31 Dec 2009, 6:21 pm
Well, we can summarize four type of owners of mortgage notes: -the originator (the rarest of cases), -a securitized trust (known as a REMIC), -Fannie Mae (Federal National Mortgage Association) -or Freddie Mac (Federal Home Loan Mortgage Corporation). [read post]
30 Mar 2010, 7:00 am
For purposes of the Administrator's Interpretation, mortgage loan officers includes employees typically having job titles of mortgage loan representative, mortgage loan consultant and mortgage loan originator. [read post]
10 Oct 2012, 11:10 am
However, the FTC did say that the California firm that was sued this week has been doing business in the area as American Mortgage Consulting and Home Guardian Management Solutions. [read post]
13 Jan 2015, 8:49 am
He worked first at a company called Century Three Home Equity and then opened his own business, which was called Great American Equity Mortgage. [read post]
19 Aug 2021, 8:42 am
When everything shut down last spring, the U.S. government introduced a program to put mortgage payments on pause for borrowers who have certain types of federally-backed loans (FHA, Fannie/Freddie, VA, USDA). [read post]
