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14 May 2013, 5:00 am by Melissa Anderson
Prosecutors also claimed that other federally insured financial institutions were indirectly “affected” because they invested in Fannie Mae and Freddie Mac, which purportedly lost money on the mortgage-backed securities that they purchased from Bank of America and Countrywide. [read post]
13 May 2013, 12:25 pm by Editorial Board
  The government alleged that Countrywide’s mortgage origination business had defrauded Fannie Mae and Freddie Mac. [read post]
13 May 2013, 8:00 am by Reid F. Herlihy
Olson affirmed the Bureau’s past guidance that the temporary qualified mortgage inclusion of loans eligible for sale to Fannie Mae or Freddie Mac may depend on unique facts and circumstances. [read post]
9 May 2013, 10:15 am by ADaigle
  Fannie Mae recently referenced an article by Orawin Velz, Fannie Mae’s Director of Economics, focusing on the rise of home prices on a national basis. [read post]
8 May 2013, 6:36 pm by rhall@initiativelegal.com
The class members are Fannie Mae shareholders, chiefly large institutional investors and pension plans. [read post]
8 May 2013, 3:05 pm by Jean Braucher
Mel Watt (D-N.C.) to be the director of the Federal Housing Finance Agency, the conservator for the mortgage giants Fannie Mae and Freddie Mac. [read post]
7 May 2013, 7:53 am by Dana Janquitto
Last week, two more federal district courts dismissed suits seeking to collect transfer real estate taxes from Fannie Mae, Freddie Mac, and their conservator, the Federal Housing Finance Agency. [read post]
30 Apr 2013, 4:02 pm by rgarcia
The program is available to those homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac. [read post]
30 Apr 2013, 6:46 am by Kathy Kapusta
In Ayissi-Etoh v Fannie Mae (No. 11-7127, April 5, 2013), an African-American employee was promoted to a team leader position three months after he started working for Fannie Mae. [read post]
26 Apr 2013, 6:57 am by admin
The indictment alleges that the conspirators obtained approximately $39 million in fraudulent mortgage loans at Marina Oaks, resulting in $34 million in losses to the various lenders including Fannie Mae, which reported losses over $4.1 million to date, while Freddie Mac faces potential exposure of an additional $8.5 million. [read post]
25 Apr 2013, 1:38 pm by Richard J. Andreano, Jr.,
Whether the loan was eligible for sale to Fannie Mae or Freddie Mac would depend on the facts and circumstances. [read post]
25 Apr 2013, 7:44 am by admin
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]
23 Apr 2013, 10:38 am by Larry Tolchinsky
  Employment Rates Impact Housing Recovery Says Fannie Mae Ecomonist The economy is a mishmash of lots of different things working together and the housing market in Florida doesn’t operate independently of other economic conditions. [read post]
16 Apr 2013, 12:11 pm by Larry Tolchinsky
And banks are feeling the pressure to go after these balances: last fall, for example, the Federal Housing Finance Agency (FHFA) formally notified Fannie Mae and Freddie Mac that a more aggressive stance on collecting deficiencies on home foreclosures was being required on their home loans. [read post]
16 Apr 2013, 8:56 am by Editorial Board
  FHFA sued UBS as conservator of Fannie Mae and Freddie Mac, alleging fraud and misrepresentation in connection with the sale of $6.4 billion in RMBS. [read post]
16 Apr 2013, 8:14 am by Editorial Board
On April 11, the FHFA announced that Fannie Mae and Freddie Mac will extend the Home Affordable Refinance Program (HARP) by two years until December 31, 2015. [read post]