Search for: "Federal Home Loan Mortgage Corporation "
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19 Nov 2010, 7:15 am
That wouldn’t matter so much if the loans were collateralized by remarketable assets like mortgaged formal homes, but as these are consumer loans, where the repayment is predicated on mutual personal expectations, collapse of the MFI could mean collapse of repayment. [read post]
14 Nov 2010, 5:25 pm
By the height of the nation’s mortgage boom, Orange County was home to four of the nation’s six biggest subprime lenders. [read post]
9 Nov 2010, 9:18 pm
So, here’s the story and the legal long and short of it… The plaintiff, Kaveh Khast, apparently bought a home in La Jolla, California in April of 2006 and took out a mortgage with WaMu. [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]
7 Nov 2010, 7:45 am
Through careful and systematic purchases or sales of Treasury securities, adding or subtracting dollars from the economy, it can impact overnight lending rates which are used as a guide by others in the economy who utilize interest rates, i.e. home and business loan lenders. [read post]
2 Nov 2010, 5:46 pm
Greenstein, 13 No. 9 Westlaw Journal Nursing Home 1, Westlaw Journal Nursing Home October 22, 2010A class of disabled Medicaid recipients in Louisiana has alleged the state health department's plan to reduce benefits for home-based care violates federal disability law and might unnecessarily force thousands into nursing homes. [read post]
1 Nov 2010, 3:00 am
The state law entity status for a REMIC doesn't matter--trust, partnership or mere segregated pool of assets (no state law entity at all) could all elect REMIC treatment for mortgage loans under the Federal income tax rules for REMIC securitizations, if they satisfied the federal tax code requirements. [read post]
30 Oct 2010, 11:19 pm
Wells Fargo Bank, Gabriel and Shawna DeLeon purchased a home in San Benito County secured by a mortgage from World Savings Bank that later became Wachovia Mortgage (and later merged with Wells Fargo Bank). [read post]
26 Oct 2010, 10:48 am
• The Federal Deposit Insurance Corporation is participating in the reviews by the OCC, the Federal Reserve System, and the OTS of the foreclosure and securitization practices of the largest mortgage servicers in its role as back-up supervisor. [read post]
21 Oct 2010, 6:24 am
Medtronic -- and it's a home run for fans of federal pre-emption of state law-based product liability claims.Full 2nd Circuit Upholds N.Y. [read post]
15 Oct 2010, 6:05 am
The Panel's prior report noted that the dual role - as "doers" of mortgage mortgage modifications for loans they own or guarantee and "overseers" of Treasury's mortgage modification program - "may present competing interests or diminish the overall effectiveness of Fannie Mae's and Freddie Mac's ability to modify mortgages, engage in HAMP administration or oversight, or both. [read post]
13 Oct 2010, 4:20 pm
She does have my home address right though, not that it’s a secret either. 2. [read post]
12 Oct 2010, 5:26 am
After the judge told people in the courtroom to stand up and say the pledge, the attorney "failed and refused to do so" and was jailed for criminal contempt of court, according to the judge's order.Wells Fargo Unit to Pay New Jersey $71 Million Over Deceptive Mortgage ClaimsNew Jersey Law JournalWells Fargo Home Mortgage has agreed to pay New Jersey $3.98 million and 900 residents $67 million in loan modifications over claims subsidiaries… [read post]
10 Oct 2010, 8:11 am
They knew they were breaking all sorts of state and federal laws. [read post]
7 Oct 2010, 7:03 am
Borrowers will first be considered for the federal Home Affordable Modification Program (“HAMP”), and if the borrower cannot qualify under HAMP or elects not to accept a HAMP modification, Wells Fargo will consider the borrower for its new modification program, known as MAP2R (Mortgage Assistance Program 2). [read post]
6 Oct 2010, 7:28 pm
" In 1935, the Federal Home Loan Bank Board (FHLBB) asked Home Owners' Loan Corporation (HOLC) to look at 239 cities and create "residential security maps" to indicate the level of security for real-estate investments in each surveyed city. [read post]
3 Oct 2010, 7:59 pm
A reserve of $1.7 billion is much less than the $23.9 billion Compass Point Research and Trading estimated form the Wall Street Journal as JPM”s potential liability to the Federal Home Loan Banks alone, not including claims by Fannie Mae and Freddie Mac. [read post]
24 Sep 2010, 8:28 am
Federal Laws. [read post]
24 Sep 2010, 7:00 am
The complaint alleges that former chairman and CEO Michael Strauss and former CFO Stephen Hozie fraudulently understated American Home Mortgage’s first quarter 2007 loan loss reserves by tens of millions of dollars, converting the company’s loss into a fictional profit. [read post]
19 Sep 2010, 10:57 pm
Bankruptcy Lawyer « Finance Blog Is really a Reverse Home loan Right For You? [read post]
