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24 Mar 2016, 11:48 pm by RegBlog
” WHAT WE’RE READING THIS WEEK In a paper recently published by Moody’s Analytics’ economy.com, five authors, including Jim Parrott, former housing adviser to President Obama, Gene Sperling, former director of the National Economic Council for Presidents Obama and Clinton, and Lewis Ranieri, the “father” of the mortgage-backed security, proposed a plan to reform the mortgage finance government sponsored enterprises (GSE) Fannie Mae and… [read post]
23 Mar 2016, 6:02 am
A Cleveland homeowner and other borrowers cannot recover a $250 payment from Fannie Mae for the late recording of their paid-off mortgages while Fannie Mae is under federal conservatorship, the Ohio Supreme Court ruled. [read post]
29 Feb 2016, 4:21 pm by Zosha Millman
– Mintz Levin attorney Michael Arnold writing from New York on their Employment Matters Ninth Circuit Rejects Whistleblower Argument that Fannie Mae and Freddie Mac are Federal Instrumentalities under the False Claims Act – Bradley Arant Boult Cummings lawyers Brad Robertson and Jasmine K. [read post]
29 Feb 2016, 6:10 am by Stuart Miles
§§3729-3733, lawsuit brought by private citizen plaintiffs against various mortgage lenders and servicers for supposedly making false certifications regarding loans sold to Fannie Mae and Freddie Mac. [read post]
5 Feb 2016, 10:01 am by Elizabeth J. Elias
On February 2, the Federal Housing Finance Agency (the “FHFA”) announced that Fannie Mae and Freddie Mac have implemented an independent dispute resolution process for resolving repurchase disputes. [read post]
24 Jan 2016, 10:57 am by Stuart Kaplow
The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, that issued a directive in February 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations. [read post]
21 Jan 2016, 2:43 pm by Mark F. Anderson
Fannie Mae said mortgage companies could use this report in lieu of pay stubs effective mid-2016. [read post]
21 Jan 2016, 2:43 pm by Mark F. Anderson
Fannie Mae said mortgage companies could use this report in lieu of pay stubs effective mid-2016. [read post]
14 Jan 2016, 11:44 am by Christie D. Arkovich, P.A.
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]
2 Jan 2016, 7:58 am by Adam Weinstein
The fund’s large exposure to bankruptcy troubled entities Fannie Mae and Freddie Mac has hurt the portfolio. [read post]
31 Dec 2015, 1:55 pm by Adam Levitin
So, it was with interest that I read a Wall Street Journal editorial decrying Fannie Mae and Freddie Mac's use of synthetic CDOs to transfer credit risk on mortgages to the private market through the STACR and Connecticut Avenue programs. [read post]
21 Dec 2015, 8:06 am by Michael Sugarman
  The proposed rule would also require Fannie Mae and Freddie Mac to address financing concerns in very low- to moderate-income families in those areas. [read post]
And both HUD and the FHFA—the two key housing regulators whose principal leaders are speaking before and after me today—have announced that the FHA, Fannie Mae, and Freddie Mac will apply the same basic approach in dealing with mortgage loans that are made under the new rule. [read post]
2 Dec 2015, 11:33 am by Adam Levitin
Regulating Fannie Mae and Freddie Mac, for example, will have downstream effects, but that's not legally the same as regulating the downstream entities in the housing finance market. [read post]
25 Nov 2015, 8:46 am by Jeremy Telman
Epstein, The Upside-Down Law of Property and Contract: Of Fannie Mae, Freddie Mac, and San Jose Pensions, 93 Neb.... [read post]
27 Oct 2015, 1:58 pm by Michael Sugarman
On October 19, 2015, the Federal Housing Finance Agency issued a Final Notice indicating that it will continue to use “expanded-data” House Price Index when establishing Freddie Mac and Fannie Mae’s maximum conforming loan limits. [read post]
21 Oct 2015, 12:36 pm by Howard S. Altarescu
” Regarding credit risk transfers, Watt stated that Fannie Mae and Freddie Mac are on pace to exceed the 2015 Conservatorship Scorecard objectives. [read post]
12 Oct 2015, 6:00 am by Wendy Tran and Richard J. Andreano, Jr.
Fannie Mae also indicated that it will post FAQs on its website that will answer additional questions about the TRID rule. [read post]