Search for: "Federal Home Loan Mortgage Corporation "
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18 Mar 2010, 11:12 am
The Martinezes then brought this action on behalf of a nationwide class of similarly situated home mortgage borrowers, 3 alleging that Wells Fargo marked up certain charges and overcharged for services in connection with mortgage loans, in violation of federal and state law. [read post]
11 Mar 2010, 11:47 pm
So, even a mortgage company that obtains loans when they are in default can be a debt collector as opposed to a creditor. [read post]
9 Mar 2010, 12:41 pm
” According to Judicial Watch’s motion filed on March 5, 2009, Fannie and Freddie are no longer private enterprises, and therefore their records are subject to FOIA law: “At issue in this Freedom of Information Act (‘FOIA’) lawsuit is whether FHFA, the federal agency that has custody and control of the records of Federal National Mortgage Association (‘Fannie Mae’) and Federal Home Loan… [read post]
4 Mar 2010, 4:13 pm
Covered employees are defined as both as employees of the company and non-employee directors of a major federal emergency economic assistance recipient.The Act defines major federal emergency economic assistance recipients as financial institutions of which the federal government acquired an equity interest of more than $5 million pursuant to a program authorized by the Emergency Economic Stabilization Act of 2008, as well as the Federal National Mortgage… [read post]
4 Mar 2010, 10:36 am
The rules will not apply to trading in obligations of the United States or any agency thereof, obligations or other instruments issued by the Government National Mortgage Association, the Federal National Mortgage Association, and the Federal Home Loan Mortgage Corporation, obligations of any State or of any political subdivision, investments in small business investment companies, and investments designed primarily to promote… [read post]
4 Mar 2010, 5:09 am
Byrne focused his presentation on the new guidelines issues by the Federal Housing Administration ("FHA"), the Federal National Mortgage Agency ("Fannie Mae") and Federal Home Loan Mortgage Corporation ("Freddie Mac") in relation to loans made in condominiums. [read post]
22 Feb 2010, 10:18 am
Delvicario who then used those mortgage proceeds to pay off his own home loan. [read post]
19 Feb 2010, 2:29 pm
The Federal Home Loan Bank of Seattle has filed 11 lawsuits against an array of Wall Street banks, seeking rescind $4 billion of mortgage-backed securities with interest, according to a Feb. 16 Wall Street Journal article by Nick Timiraos, “Home Loan Bank Sues Wall Street Firm. [read post]
16 Feb 2010, 4:50 pm
Covered employees are defined as both as employees of the company and non-employee directors of a major federal emergency economic assistance recipient.The Act defines major Federal emergency economic assistance recipients as financial institutions of which the federal government acquired an equity interest of more than $5 million pursuant to a program authorized by the Emergency Economic Stabilization Act of 2008, as well as the Federal National Mortgage… [read post]
16 Feb 2010, 12:29 am
And the banks that securitized those mortgage loans--and pushed homeowners to take out new loans, to get equity out of their homes, to refinance so that banks would have more product to sell in securitizations to earn more fees--are not doing the one thing that could make the biggest difference in ending the struggles of this recession for many people--modifying the principal amount of mortgages by writing them down to reflect the true value of the… [read post]
14 Feb 2010, 6:55 pm
A corporation or partnership may not be a chapter 13 debtor. [read post]
12 Feb 2010, 9:41 pm
If you kept ownership of your home and modification of the terms of your mortgage resulted in the forgiveness of qualified principal residence indebtedness, complete lines 1e, 2, and 10b. [read post]
3 Feb 2010, 3:00 am
In 2002, Brenda Kersey received a $71,397 mortgage loan to purchase a home in Richmond, Virginia. [read post]
1 Feb 2010, 6:36 am
Editor’s Note: Eduardo Gallardo is a partner focusing on mergers and acquisitions at Gibson, Dunn & Crutcher LLP. [read post]
28 Jan 2010, 5:51 am
Home values have declined. [read post]
27 Jan 2010, 6:25 pm
Home values have declined. [read post]
27 Jan 2010, 2:52 am
The Bankruptcy Code allows an individual debtor (4) to protect some property from the claims of creditors because it is exempt under federal bankruptcy law or under the laws of the debtor’s home state. 11 U.S.C. [read post]
25 Jan 2010, 1:37 pm
We have recently learned of a relatively new Federal law which gives some protection to tenants who reside in homes owned by folks who don't pay the mortgage resulting in foreclosure UNTIL December 31, 2012. [read post]
20 Jan 2010, 12:00 pm
Allan's firm represents several large mortgagees, including North Fork Bank, Bank of America, GreenPoint Mortgage Corp., Ponce de Leon Federal Bank, M&T Mortgage Corp., Federal Home Loan Mortgage Corporation, and Champion Mortgage. [read post]
19 Jan 2010, 7:26 am
Meanwhile, lots of people wait on the sidelines - laid-off executives writing that novel they've always meant to, working moms shifting to stay-at-home moms, and homeowners paying two mortgages because they can't bear to sell at localized depressed prices. [read post]
