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23 Dec 2014, 11:19 am by Fraud Fighters
” The “Hustle” allowed Countrywide to process loans that homebuyers could not afford to pay, which resulted in thousands of fraudulent, defective residential mortgage loans being sold to Fannie Mae and Freddie Mac. [read post]
16 Dec 2014, 3:46 pm by Sabrina I. Pacifici
Fannie Mae and Freddie Mac were originally chartered as government-sponsored enterprises (GSEs) to ensure a stable supply of credit for residential mortgages nationwide. [read post]
16 Dec 2014, 3:15 pm by Allison Tussey
Department of Housing and Urban Development – Office of Inspector General, and the Federal Housing Finance Agency – Office of Inspector General, which identified multiple Fannie Mae and Freddie Mac loans that went into foreclosure, with the investigation leading to today’s sentencing. [read post]
16 Dec 2014, 9:02 am by Mark F. Anderson
Consumer groups led by  NCLC advocates have asked the regulator for Fannie Mae and Freddie Mac to update their credit scoring formulas. [read post]
15 Dec 2014, 6:39 am
Fannie Mae, Freddie Mac, the National Association of Realtors (“NAR”) and other groups believe the “3% Down Payment Mortgages” could provide a boost to first time home buyers with good credit, but little cash. [read post]
11 Dec 2014, 7:03 am by Rich Vetstein
Feds Hope New Low Down Payment Will Boost Housing Market Ho, ho, ho, early Christmas and holiday presents are coming to first time home buyers courtesy of Fannie Mae! [read post]
30 Nov 2014, 7:52 am by Thomas McAvity
The waiting period, according to Fannie Mae, is just two years from discharge for Chapter 13 bankruptcies. [read post]
21 Nov 2014, 12:10 pm by Greene LLP
Bank of America acknowledged that it had misrepresented the quality of loans to Fannie Mae, Freddie Mac and the FHA. [read post]
21 Nov 2014, 11:53 am by Katie Lieberg Stowe
 FHFA, as conservator for Fannie Mae and Freddie Mac, alleges that Nomura made materially false statements in offering documents for RMBS between 2005 and 2007 in violation of Sections 11 and 12(a)(2) of the Securities Act of 1933. [read post]
20 Nov 2014, 5:29 am by Richard J. Andreano, Jr.
The bulletin also discusses relevant HUD and VA standards for, respectively, FHA-insured and VA-guaranteed mortgage loans, and Fannie Mae and Freddie Mac guidelines for mortgage loans eligible for purchase. [read post]
17 Nov 2014, 10:30 am
"It's bad enough that Fannie Mae and their collectors are pursuing consumers many years after they've lost their homes," Mr. [read post]
17 Nov 2014, 5:30 am by Chip Parker
“It’s bad enough that Fannie Mae and their collectors are pursuing consumers many years after they’ve lost their homes,” Mr. [read post]
17 Nov 2014, 5:30 am by Chip Parker
“It’s bad enough that Fannie Mae and their collectors are pursuing consumers many years after they’ve lost their homes,” Mr. [read post]
13 Nov 2014, 4:37 pm by James Hamilton
Chairman Hensarling reported a bill out of the Financial Services Committee, the Protecting American Taxpayers and Homeowners (PATH) Act that would end Fannie Mae and Freddie Mac and the federal government’s role in the securitization process. [read post]
5 Nov 2014, 9:20 am by Pulgini & Norton, LLP
Fannie Mae and Freddie Mac are not themselves mortgage lenders but are potential purchasers of loans from banks, credit unions, and other financial institutions. [read post]
4 Nov 2014, 9:10 pm by Allison Tussey
Fannie Mae and Freddie Mac are government-sponsored enterprises with a mission to provide liquidity, stability, and affordability to the U.S. housing market. [read post]
24 Oct 2014, 9:26 am by Pulgini & Norton, LLP
Fannie Mae and Freddie Mac claim that they must block buybacks under federal regulations forbidding principal reduction. [read post]