Search for: "Freddie Home Loan Mortgage Corporation"
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18 Jun 2013, 8:10 am
The indictment alleges that as a result of the conspiracy, lenders provided over $3.5 million for fraudulently obtained loans, which resulted in losses of over $1 million to the lenders, the Federal Housing Administration which insured some of the loans, and the Federal National Mortgage Corporation (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), who purchased some of the loans in the… [read post]
25 Apr 2013, 7:44 am
The total loss for the 16 loans amounted to $2,440,804, including $814,730, to the Federal Home Loan Mortgage Corporation (Freddie Mac), and $757,293 to the Federal National Mortgage Association (Fannie Mae). [read post]
19 Mar 2013, 10:16 am
On March 8, the Federal Housing Finance Agency (FHFA), acting as conservator for the Federal Home Loan Mortgage Corporation (Freddie Mac) commenced litigation in the Supreme Court of the State of New York against Decision One Mortgage Company, LLC (Decision One), and HSBC Finance Corporation (HSBC) (as an alleged successor in interest). [read post]
24 Jan 2013, 11:16 am
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known by its nickname Freddie Mac, is under the control of the federal government these days as the Federal Housing Finance Agency (FHFA) took over conservatorship of both Freddie Mac and Fannie Mac in September 2008. [read post]
9 Jan 2013, 11:00 pm
Initially, the Federal Home Loan Bank and Federal Savings and Loan Insurance Corporation were formed. [read post]
5 Nov 2012, 2:21 pm
(as servicing agent for Federal Home Loan Mortgage Corporation (“Freddie Mac”)). [read post]
29 Oct 2012, 10:32 am
On October 24, the United States Attorney’s Office for the Southern District of New York (SDNY) filed a $1 billion civil mortgage fraud lawsuit against a mortgage lender and a major financial institution in connection with loans sold to the government-sponsored enterprises (GSEs), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). [read post]
25 Oct 2012, 10:09 am
The Government’s Complaint seeks damages and civil penalties under the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”) for engaging in a scheme to defraud the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”). [read post]
24 Oct 2012, 11:08 am
The United States is suing Bank of America Corporation (BAC) for more than $1 billion over alleged mortgage fraud involving the sale of defective loans to Freddie Mac and Fannie Mae. [read post]
5 Oct 2012, 5:01 am
Graff/Ross Holdings LLP ("Graff/Ross") filed a patent infringement action against the Federal Home Loan Mortgage Corporation ("Freddie Mac") for patent infringement. [read post]
1 Oct 2012, 1:13 am
According to Alison Frankel’s blog post, the plaintiffs attorneys intend to seek attorneys’ fees of $150 million In addition to the monetary amount, BofA also agreed as part of the settlement to certain corporate governance reforms. [read post]
25 Aug 2012, 4:24 pm
The court also found that the Commission did a sufficient job of alleging that Fannie Mae did not make sure the subprime loans it obtained via certain loans it acquired from Countrywide Home Loans were factored into its calculations. [read post]
15 Aug 2012, 11:51 am
But the very popularity of PACE ran headlong into the FHFA, which oversees the Federal National Mortgage Association (“Fannie”) and the Federal Home Loan Mortgage Corporation (“Freddie”), the two government-sponsored entities that guarantee the majority of home mortgages in the U.S. [read post]
12 Aug 2012, 7:46 pm
Last October, when MetLife left the mortgage origination and servicing business, I pointed out the sad fact that 70% of the home loans originated in 2010 were made by five large financial institutions. [read post]
10 Jul 2012, 2:16 pm
William McDavid will take on his new role with the Federal Home Loan Mortgage Corporation starting on July 16. [read post]
2 Jul 2012, 8:20 am
For example, if you bought property that had been foreclosed on from Federal National Mortgage Association, commonly called Fannie Mae, or from Federal Home Loan Mortgage Corporation, usually referred to as Freddie Mac, you are probably owed hundreds and maybe thousands of dollars today in fees they illegally collected from you when erroneous calculations were made. [read post]
21 Jun 2012, 8:13 am
On September 2008, the Federal Housing Finance Agency (FHFA) placed Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) into conservatorship. [read post]
27 May 2012, 11:00 am
Department of Treasury, the Federal Housing Finance Agency, the HOPE NOW Alliance, Fannie Mae and Freddie Mac - and Ocwen Financial Corporation. [read post]
17 May 2012, 11:01 am
Financial Fraud Enforcement Task Force Freddie Mac Loan Look-Up Tool – Find out if Freddie Mac owns your loan here. [read post]
2 May 2012, 8:25 am
They want to phase out or at least substantially reduce the role of the Federal National Mortgage Association (Fannie Mae ) and the Federal Home Loan Mortgage Corporation (Freddie Mac ) in the residential mortgage financing industry. [read post]
