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30 Jul 2013, 7:47 am by Editorial Board
On July 25, the FHFA announced that it had settled its claims against UBS AG concerning mortgage-backed securities that UBS sold to Fannie Mae and Freddie Mac between 2004 and 2007. [read post]
30 Jul 2013, 7:42 am by Editorial Board
On July 24, the FHFA announced that Freddie Mac is nearing completion of its first risk-sharing transaction, a direct debt issuance, that will assist Freddie Mac in transferring credit risk to the private sector on recently-acquired, single-family loans. [read post]
29 Jul 2013, 7:02 am by David Snyder
The proposed Defending American Taxpayers from Abusive Government Takings Act would also prevent Fannie Mae and Freddie Mac from buying any home loans seized by eminent domain. [read post]
27 Jul 2013, 7:57 am by Mark Astarita
UBS sold Fannie Mae and Freddie Mac a total of over $6 billion worth of mortgage-backed securities. [read post]
15 Jul 2013, 5:44 pm by Allison Tussey
Anderson and Kemet are accused of conspiring to defraud mortgage giants, Freddie Mac and Bank of America, and taxpayers, by illegally occupying foreclosed homes and applying for relocation assistance known as “Cash for Keys. [read post]
15 Jul 2013, 5:00 am by Richard J. Andreano, Jr.,
  Allows a creditor to rely on variations from Fannie Mae or Freddie Mac standards in a written agreement between the creditor, or a direct sponsor or aggregator of the creditor, and Fannie Mae or Freddie Mac. [read post]
12 Jul 2013, 8:30 am
Subscribe free http://t.co/M3go10ePXm — BostonBusinessJournl (@BostonBizJournl) July 9, 2013 CBRE reports U.S. commercial real estate recovery remained on track in Q2 2013 http://t.co/V6eBEDXoye — CBRE (@CBRE) July 9, 2013 The average U.S. monthly rent rose slightly to $1,062. http://t.co/Bj44prRySx via @WSJ — Freddie Mac (@FreddieMac) July 9, 2013 Gloucester Undertakes Waterfront Real Estate Inventory http://t.co/IhAXWnsMuz — Banker & Tradesman… [read post]
11 Jul 2013, 2:07 pm by Allison Tussey
As further alleged in the Information, Coastal failed to remit some of the mortgage loan payoffs that it received from borrowers to Freddie Mac and Fannie Mae, resulting in a loss to Freddie Mac and Fannie Mae. [read post]
9 Jul 2013, 5:52 pm by Allison Tussey
In total, the scheme collected at least $4.9 million from more than 1,000 homeowners, including homeowners whose mortgages were owned by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). [read post]
28 Jun 2013, 3:00 am by propertyprof
Via Huffpost: A bipartisan group of senators on Tuesday proposed an overhaul to the housing finance system that would gradually eliminate Fannie Mae and Freddie Mac, the two government-sponsored mortgage guarantee giants, and shift more mortgage and credit risk to... [read post]
27 Jun 2013, 6:28 am by Molly Foley-Healy
If you remember during the mortgage meltdown a few years ago, Fannie Mae and Freddie Mac became embroiled in scandal and bad press. [read post]
26 Jun 2013, 9:45 am
Wind Down of Fannie Mae and Freddie Mac: The bill would wind down the existing portfolios of Fannie Mae and Freddie Mac by at least 15% annually until they are completely liquidated. [read post]
26 Jun 2013, 8:45 am by Sheppard Mullin
Wind Down of Fannie Mae and Freddie Mac: The bill would wind down the existing portfolios of Fannie Mae and Freddie Mac by at least 15% annually until they are completely liquidated. [read post]
24 Jun 2013, 3:09 pm by Editorial Board
  Shareholders of Fannie Mae and Freddie Mac will try to do so in a $41 billion class action filed against the United States in the Court of Federal Claims on June 10. [read post]
18 Jun 2013, 9:00 am by Suzette Pringle
  Shareholders of Fannie Mae and Freddie Mac will try to do so in a $41 billion class action filed against the United States in the Court of Federal Claims on June 10, 2013. [read post]
18 Jun 2013, 8:10 am by Allison Tussey
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 secondary mortgage market. [read post]
3 Jun 2013, 10:33 am by Editorial Board
  The lawsuit related to over $3.5 billion in RMBS that Fannie Mae and Freddie Mac allegedly purchased from Citigroup. [read post]