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16 Feb 2017, 7:15 am
Here's the scoop:When one has (for example) a roof damage claim, there's an "assignment of benefits" where the insured actually assigns the claim itself to the contractor.In 2006, Florida carriers paid out about 400 of these claims.In 2016, they paid out 28,000 of them.Gulp.As a result, a number of these carriers are really hurting, and that's about to create a rather serious ripple effect:Homeowners who have their mortgages financed by Fannie Mae or Freddie Mac are… [read post]
16 Feb 2017, 5:45 am
Posing as husband and wife when in fact they were not married, Reaves Hickey and Carolyn Meadows purchased a frame house and two lots from Fannie English. [read post]
13 Feb 2017, 12:51 pm
Also speaking that day will be Scott Kelly, GREFPAC’s 2017 President; Kevin Ludden, Fraud and Industry Relations Manager for Fannie Mae; Robb Hagber, Freddie Mac, Director – […] The post 2017 GREFPAC Annual Conference appeared first on Mortgage Fraud Blog. [read post]
13 Feb 2017, 12:51 pm
Also speaking that day will be Scott Kelly, GREFPAC’s 2017 President; Kevin Ludden, Fraud and Industry Relations Manager for Fannie Mae; Robb Hagber, Freddie Mac, Director – […] [read post]
9 Feb 2017, 3:35 pm
Labor Dispute That Estate in Palm Beach Those Expansion Plans That Hotel in Vancouver That Reality-Television Show That Pipeline Those HUD Grants That Golf Course in Aberdeen That Other Billionaire New York Real-Estate Developer Those Indonesian Politicians That Emirati Businessman That Virginia Vineyard That Las Vegas Labor Dispute That Kuwaiti Event Those Certificates of Divestiture That Carrier Deal That Blind-Trust Issue Those Fannie and Freddie Investments That Phone Call With Taiwan… [read post]
31 Jan 2017, 3:58 am
The US Court of Appeals for the Federal Circuit [official website] ruled [order, PDF] Monday that the federal government, which took control of the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) [official websites], may withhold certain documents sought in a suit filed by shareholders. [read post]
25 Jan 2017, 9:51 am
CitiMortgage is a mortgage servicer for Citibank and government-sponsored entities such as Fannie Mae and Freddie Mac. [read post]
25 Jan 2017, 4:01 am
Cendant Mortgage Corporation, in which a unanimous court held that Fannie Mae’s charter does not create federal jurisdiction in all cases to which the federal entity is a party, describing the opinion as “a useful illustration of a distinctive way of using and modifying precedent: narrowing,” and noting that the case also raises “the possibility that narrowing jurisdictional precedents might be a special undertaking that ought to be governed by… [read post]
23 Jan 2017, 2:45 pm
On January 18, 2017, the Federal Housing Finance Agency (the “FHFA“) announced its request for public comment on (i) proposed chattel loan pilot initiatives for Fannie Mae and Freddie Mac and (ii) the expectations and evaluation criteria the FHFA should use in relation to Fannie Mae and Freddie Mac’s effectiveness in fulfilling its duty to assist very low, low and moderate income families in the manufactured housing, affordable housing… [read post]
23 Jan 2017, 4:00 am
The expert also stated that at the time of the sale to the property owners, Fannie Mae did not act as a ‘typically motivated’ seller because it was insolvent and in conservatorship. [read post]
20 Jan 2017, 10:02 am
The Supreme Court of the United States recently held that the “sue-and-be-sued” clause in the Federal National Mortgage Association’s (“Fannie Mae”) charter does not confer subject matter jurisdiction on federal district courts over all cases involving Fannie Mae, and that an independent basis for subject matter jurisdiction must exist such as federal question or diversity. [read post]
19 Jan 2017, 4:44 am
Cendant Mortgage Corporation, holding unanimously, in an opinion by Justice Sonia Sotomayor, that Fannie Mae’s charter does not create federal jurisdiction in all cases to which the federal entity is a party. [read post]
18 Jan 2017, 6:25 pm
Justice Sotomayor’s opinion begins: The corporate charter of the Federal National Mortgage Association, known as Fannie Mae, authorizes Fannie Mae “to sue and to be... [read post]
18 Jan 2017, 11:03 am
The post Opinion analysis: Unanimous court rejects federal jurisdiction for Fannie Mae appeared first on SCOTUSblog. [read post]
18 Jan 2017, 9:00 am
The US Supreme Court [official website] ruled Wednesday that Fannie Mae's sue-and-be-sued clause does not grant [opinion, PDF] federal courts jurisdiction over all cases involving Fannie Mae [official website]. [read post]
10 Jan 2017, 11:24 am
Anyone buying or selling a home or condo in Florida needs to understand how Dodd-Frank can impact their residential real estate transaction even when there’ no Fannie Mae loan or other government or quasi governmental loan involved in the transaction. [read post]
9 Jan 2017, 10:12 pm
Fannie Mae filed its forcible detainer suit on February 8, 2013, before the changes to the Texas Rules of Civil Procedure took effect. [read post]
9 Jan 2017, 10:12 pm
Fannie Mae filed its forcible detainer suit on February 8, 2013, before the changes to the Texas Rules of Civil Procedure took effect. [read post]
2 Jan 2017, 1:34 pm
No Relief to REO/Fannie Mae Owned Properties, But…. [read post]
19 Dec 2016, 2:53 pm
The statute established a duty for Fannie Mae and Freddie Mac to serve three underserved markets: manufactured housing, affordable housing preservation and rural housing. [read post]
