Search for: "FANNIE MAE"
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28 Aug 2014, 9:25 am
Fannie Mae, 712 F.3d 572 (D.C.Cir.2013)] Employees under Petitioner’s supervision felt personally attacked and humiliated because of their race. [read post]
26 Aug 2014, 11:34 am
But now, Fannie Mae has announced it has eliminated the three year rule on foreclossures. [read post]
25 Aug 2014, 11:18 am
Fannie Mae Agreement. [read post]
25 Aug 2014, 3:23 am
The known uncertainties included whether Fannie Mae, a mortgage loan purchaser from Bank of America, had changed its repurchase claim practices after being put into conservatorship, the future volume of repurchase claims from Fannie Mae and certain monoline insurance companies that provided credit enhancements on certain mortgage loan sales, and the ultimate resolution of certain claims that Bank of America had reviewed and refused to repurchase but had not been… [read post]
22 Aug 2014, 1:34 am
The bank has also conceded that it originated risky mortgage loans and made misrepresentations about the quality of those loans to Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA). [read post]
18 Aug 2014, 1:17 pm
I recommend a new paper: Davidoff, Solomon and [Zarig] have put together a paper on the litigation between the government and the preferred shareholders of Fannie Mae and Freddie Mac. [read post]
12 Aug 2014, 5:47 pm
In his plea, he admitted he led co-conspirators in a scheme to submit mortgage loan applications containing false statements, thereby defrauding Fannie Mae and Freddie Mac and the United States Department of Housing and Urban Development. [read post]
5 Aug 2014, 5:10 pm
” Fannie Mae is currently under the conservatorship of the Federal Housing Finance Agency. [read post]
4 Aug 2014, 1:48 pm
Horton has posted For the Protection of Investors and the Public: Why Fannie Mae’s Mortgage-Backed Securities Should Be Subject to the Disclosure Requirements of the Securities Act of 1933 on SSRN with the following abstract: Despite the fact... [read post]
4 Aug 2014, 7:42 am
Bank of America Ordered to Pay $1.3 Billion for Mortgage Fraud On Wednesday, July 30th, a federal jury ruled that Bank of America would pay $1.27 billion in civil penalties for mortgage fraud and bad home loans sold to Fannie Mae and Freddie Mac, which in part triggered the Great Recession in 2008. [read post]
4 Aug 2014, 7:35 am
On July 30, Judge Denise Cote of the United States District Court for the Southern District of New York granted the motion for partial summary judgment brought by FHFA, as conservator for Fannie Mae and Freddie Mac. [read post]
31 Jul 2014, 5:58 am
Judge Jed Rakoff [official profile] for the US District Court for the Southern District of New York [official website] ruled after a jury found that Bank of America, the second largest bank in the US, had defrauded government-controlled mortgage companies Fannie Mae and Freddie Mac [corporate website], by selling them defective mortgages... [read post]
26 Jul 2014, 6:16 am
Fannie Mae and Freddie Mac, which have been under the agency's conservatorship since 2008, lost an estimated $168 million from the fees in 2012 alone, according to the report. [read post]
25 Jul 2014, 12:38 pm
All of the GSE Certificates that Fannie Mae and Freddie Mac purchased were from Goldman Sachs. [read post]
24 Jul 2014, 5:42 am
Mortgage and Homeowner Insurance Policy Ramifications Most conventional single family and condominium Fannie Mae compliant mortgages contain a provision where the owner agrees that the mortgaged property will remain the borrower’s principal place of residence and not an investment property. [read post]
23 Jul 2014, 10:20 am
In fact, here is how the 11 fared just ten years later in 2010: Abbott Laboratories: Stock up 0% Circuit City: Bankrupt Fannie Mae: Placed in conservatorship Gillette: Bought by P&G Kimberly-Clark: Stock up 1% Kroger: Stock up 0% Nucor: Stock up 4-fold Philip Morris: Stock down 20% Pitney Bowes: Stock down 20% Walgreens: Stock up 0% Wells Fargo: Stock up 0% What went wrong? [read post]
13 Jul 2014, 1:41 am
An additional five huge companies [American International Group (AIG), Bank of American (BoA), Citigroup, Fannie Mae, and Freddie Mac] with truly enormous financial exposure were on the verge of failing. [read post]
3 Jul 2014, 4:17 pm
FHFA Actions to Manage Enterprise Risks from Nonbank Servicers Specializing in Troubled Mortgages (AUD-2014-014) - 07/01/2014 “Banks that traditionally service mortgage loans backed by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (the Enterprises) have been selling the rights to service troubled loans (e.g., delinquent or in default) in bulk to new companies specialized to handle them. [read post]
27 Jun 2014, 10:22 am
In the files I have reviewed, Vantium enters into a collection agreement with Fannie Mae, who was the guarantor of a Bank of America Promissory Note. [read post]
19 Jun 2014, 5:38 am
(The temporary category covers mortgages that satisfy certain QM criteria and are eligible for purchase, insurance, or guarantee by, Fannie Mae or Freddie Mac while they operate under federal conservatorship or receivership (or a limited-life regulatory entity that is a successor to Fannie Mae or Freddie Mac), the Federal Housing Agency (FHA), the Department of Veterans Affairs, or the Rural Housing Service.) [read post]
