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12 Sep 2013, 11:58 am
Also in early August, as reported by NuWire Investor, “the Federal Housing Financial Agency, regulator of Fannie Mae and Freddie Mac, two of the biggest investors in private-label mortgage-backed securities, issued a strong statement against [Richmond's plan to use eminent domain to acquire underwater mortgages], saying it would legally challenge any local or state action that sanctions use of eminent domain. [read post]
11 Sep 2013, 4:00 pm
The FHFA, which regulates Fannie Mae, Freddie Mac and the twelve Federal Home Loan Banks, issued a statement on August 8, 2013 stating “use of eminent domain to restructure existing financial contracts… presents a clear threat to the safe and sound operations” of the entities under its purview. [read post]
11 Sep 2013, 3:26 pm
If the mortgage is backed or insured by an entity such as Fannie Mae, Freddie Mac, or the Federal Housing Administration, then that entity also will have to review and approve the application. [read post]
11 Sep 2013, 3:26 pm
If the mortgage is backed or insured by an entity such as Fannie Mae, Freddie Mac, or the Federal Housing Administration, then that entity also will have to review and approve the application. [read post]
11 Sep 2013, 3:00 pm
The FHFA, which regulates Fannie Mae, Freddie Mac and the twelve Federal Home Loan Banks, issued a statement on August 8, 2013 stating “use of eminent domain to restructure existing financial contracts… presents a clear threat to the safe and sound operations” of the entities under its purview. [read post]
31 Aug 2013, 4:26 pm
But now due to a Hudson, Florida mortgage broker's (Pam Marron) persistence and lobbying efforts, Fannie Mae has found a cure. [read post]
26 Aug 2013, 7:04 am
Fannie Mae and Freddie Mac last week joined investors authorizing a lawsuit to stop Richmond from seizing loans. [read post]
21 Aug 2013, 7:43 am
The Corker-Warner legislation, the Housing Finance Reform and Taxpayer Protection Act, S. 1217, would, among other things, create the Federal Mortgage Insurance Corporation (FMIC) as an independent federal agency to capitalize the housing finance system by separating credit risk from interest rate risk, and bringing in private capital to take on both.Specifically, continued Chairman Hensarling, the PATH Act would end the costly Fannie Mae and Freddie Mac bailout; protect and… [read post]
18 Aug 2013, 7:49 am
The declaration of trust should also have standard Fannie Mae/Freddie Mac provisions which will ensure that future buyers can obtain conventional financing on their units. [read post]
13 Aug 2013, 3:00 am
Southern's Chris Odinet passes along this news: A group of plaintiffs representing some of the nation's largest bond investors (including Fannie Mae and Freddie Mac) have filed a lawsuit against the City of Richmond, CA and the investment firm Mortgage... [read post]
12 Aug 2013, 5:07 pm
The lenders and secondary mortgage purchasers, including Fannie Mae and Freddie Mac, suffered losses as a result of the foreclosures. [read post]
9 Aug 2013, 5:34 pm
Moreover, the Federal Housing Finance Administration has announced that it will forbid Fannie Mae and Freddie Mac from doing business with local governments that use eminent domain to condemn mortgages. [read post]
8 Aug 2013, 10:23 am
It should be noted, no offers were made on any mortgages held by Fannie Mae or Freddie Mac. [read post]
7 Aug 2013, 5:02 pm
This resulted in an $18,735,903.77 loss to Freddie Mac and Fannie Mae. [read post]
7 Aug 2013, 3:15 am
In a speech in Phoenix, President Obama outlined his vision for beleaguered mortgage giants Freddie Mac and Fannie Mae: Fannie Mae and Freddie Mac do not make loans directly, but buy mortgages from lenders, package them as bonds, guarantee them... [read post]
30 Jul 2013, 7:47 am
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]
29 Jul 2013, 7:02 am
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
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
” To avoid a lengthy eviction process, mortgage lenders like Freddie Mac, Fannie Mae, and Bank of America offer legitimate tenants what is known as “Cash for Keys,” to move out of the residence by a specific date and leave the property in turnkey condition. [read post]
15 Jul 2013, 5:00 am
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]
