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6 Sep 2012, 8:51 am
Most of the major mortgage lenders (Lehman Brothers, Fannie Mae, Freddie Mac, Bear Sterns, Washington Mutual, Merril Lynch, Citigroup, AIG and Wachovia) either were acquired under duress, taken over by the government or failed. [read post]
4 Sep 2012, 8:36 am by Rosa Schechter
“Much of this stems from the fact that financing for apartments is available through not only traditional portfolio and CMBS lenders, but also through Fannie Mae and Freddie Mac. [read post]
1 Sep 2012, 12:18 pm
Homeowners whose mortgages are backed by Fannie Mae and Freddie Mac may be able to apply for high-rate mortgage relief through the Home Affordable Refinance Program (or HARP). [read post]
31 Aug 2012, 3:47 pm
District Court for the District of Connecticut has decided that the Federal Housing Finance Agency can begin the discovery process in its lawsuit over $190 million in mortgage-backed securities that were sold to Freddie Mac (FMCC) and Fannie Mae (FNM.MU) through several hundred securitizations. [read post]
31 Aug 2012, 12:41 pm by BuckleySandler
On August 31, the FHFA announced that Fannie Mae and Freddie Mac will attempt to bring more private capital into the secondary mortgage market by increasing guarantee fees (g-fees) on single-family mortgages by an average of ten basis points. [read post]
29 Aug 2012, 7:24 am by Molly Foley-Healy
As a result, the short sale is quickly becoming a preferred foreclosure alternative for both Fannie Mae and Freddie Mac. [read post]
28 Aug 2012, 6:00 am by Maggy Baccinelli
” After the Institute, I chatted with National LGBT Bar board member Barry Parsons, who is associate general counsel at Freddie Mac. [read post]
27 Aug 2012, 2:30 pm by Editorial Board
On August 21, the FHFA announced that Fannie Mae and Freddie Mac are issuing guidelines to mortgage servicers to consolidate existing short sales programs into one standard program. [read post]
27 Aug 2012, 2:30 pm by Editorial Board
On August 21, the FHFA announced that Fannie Mae and Freddie Mac are issuing guidelines to mortgage servicers to consolidate existing short sales programs into one standard program.  [read post]
25 Aug 2012, 4:24 pm
“Meanwhile, salaried employees at Fannie Mae and Freddy Mac (FMCC) will apparently be sued for doing what their boss, Congress, told them to do. [read post]
24 Aug 2012, 4:15 pm by BuckleySandler
On August 21, the FHFA announced new guidelines that align and merge Fannie Mae’s and Freddie Mac’s (the GSEs) short sale programs to facilitate quicker short sale processing. [read post]
24 Aug 2012, 4:14 pm by BuckleySandler
The letter also asks the FHFA to reconsider its decision to not require Fannie Mae and Freddie Mac to offer principal forgiveness. [read post]
24 Aug 2012, 9:18 am by Rich Vetstein
In a letter broadcast to the press yesterday, she demands that “Fannie Mae and Freddie Mac, like all creditors, to comply with these statutory obligations as they conduct business in Massachusetts. [read post]
22 Aug 2012, 2:18 pm by Robbie L. Vaughn, Esq.
The new guidelines “will permit a homeowner with a Fannie Mae or Freddie Mac mortgage [...] [read post]
21 Aug 2012, 8:00 am by Ernest E. Badway
., http://www.structuredfinancelitigation.com/files/2012/06/UBS-Interlocutory.pdf, Judge Denise Cote claimed that there was a single question as to if the FHFA may proceed with its federal securities laws’ claims against UBS regarding the sale of mortgage backed securities to Fannie Mae and Freddie Mac. [read post]
20 Aug 2012, 12:50 pm by Editorial Board
  The modifications include: (i) the accelerated wind down of the retained mortgage investment portfolios at Fannie Mae and Freddie Mac; (ii) an annual taxpayer protection plan; and (iii) a full income sweep of all future Fannie Mae and Freddie Mac earnings to benefit taxpayers. [read post]
17 Aug 2012, 11:12 pm
They say that Goldman then proceeded to sell $1.1 billion of the securities to Freddie Mac and Fannie May. [read post]
17 Aug 2012, 3:49 pm by BuckleySandler
Department of Treasury announced new steps to accelerate the wind down of Fannie Mae’s and Freddie Mac’s (the GSEs) government-backed portfolios. [read post]