Search for: "Federal Mortgage Association (Fannie Mae)"
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31 Aug 2017, 12:59 pm
We previously reported on mortgage-related guidance issued by Fannie Mae, Freddie Mac, HUD, and VA regarding mortgage loans. [read post]
25 Jun 2017, 10:14 am
Nationally, including in Maryland, “residential” PACE programs (as opposed to the commercial programs) were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by single family properties with outstanding PACE obligations. [read post]
19 May 2017, 12:23 pm
., Appellants,v.FINANCIAL FREEDOM SENIOR FUNDING CORPORATION; FINANCIAL FREEDOM ACQUISITION, LLC; AND FEDERAL NATIONAL MORTGAGE ASSOCIATION A/K/A FANNIE MAE, Appellees. [read post]
19 May 2017, 12:23 pm
.; OneWest Bank, FSB; IndyMac Mortgage Services; and Deutsche Bank National Trust Co., Appellees. [read post]
27 Feb 2017, 6:41 am
Fannie Mae and Freddie Mac have long since paid back the $189 billion bailout that saw them through the mortgage crisis, but the now-profitable enterprises continue to turn over their profits to the Treasury (in exchange for the promise of future bailouts) rather than to shareholders. [read post]
21 Feb 2017, 1:58 pm
That downturn pushed two central players in the United States’ housing mortgage market—the Federal National Mortgage Association (“Fannie Mae” or “Fannie”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac” or “Freddie”) — to the brink of collapse. [read post]
31 Jan 2017, 3:58 am
The US Court of Appeals for the Federal Circuit [official website] ruled [order, PDF] Monday that the federal government, which took control of the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) [official websites], may withhold certain documents sought in a suit filed by shareholders. [read post]
23 Jan 2017, 4:00 am
This case involves the valuation of a single-family home in Elyria, Ohio that was recently the subject of a recent sale.The property owners had purchased the property from the Federal National Mortgage Association (Fannie Mae), who owned the property as a result of foreclosure, having paid $54,000 to acquire it. [read post]
20 Jan 2017, 10:02 am
The Supreme Court of the United States recently held that the “sue-and-be-sued” clause in the Federal National Mortgage Association’s (“Fannie Mae”) charter does not confer subject matter jurisdiction on federal district courts over all cases involving Fannie Mae, and that an independent basis for subject matter jurisdiction must exist such as federal question or diversity. [read post]
19 Jan 2017, 4:44 am
Cendant Mortgage Corporation, holding unanimously, in an opinion by Justice Sonia Sotomayor, that Fannie Mae’s charter does not create federal jurisdiction in all cases to which the federal entity is a party. [read post]
18 Jan 2017, 6:25 pm
Justice Sotomayor’s opinion begins: The corporate charter of the Federal National Mortgage Association, known as Fannie Mae, authorizes Fannie Mae “to sue and to be... [read post]
18 Jan 2017, 11:03 am
Cendant Mortgage Corp., firmly rejects the extension of federal jurisdiction over cases involving the Federal National Mortgage Association. [read post]
2 Jan 2017, 1:34 pm
The Act does not apply to mortgagees, noteholders, servicers, their affiliates, or government entities like the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) that continue to hold title to properties following foreclosure sales. [read post]
9 Nov 2016, 6:33 am
Specifically, the case asks whether the presence of Fannie Mae (the Federal National Mortgage Association) as a party to a lawsuit is itself sufficient to create federal jurisdiction over the suit. [read post]
1 Nov 2016, 9:54 am
The issue in that case is whether the presence of the Federal National Mortgage Association, known as Fannie Mae, as a party to a lawsuit is itself sufficient to create federal jurisdiction over the suit. [read post]
9 Oct 2016, 7:00 am
Federal National Mortgage Association dba Fannie Mae).The full text of Ms. [read post]
4 Oct 2016, 6:25 am
Federal National Mortgage Association dba Fannie Mae, September 28, 2016, Howell, B.). [read post]
11 Sep 2016, 10:38 am
The concept is not new, but nationally including in Maryland, “residential” PACE programs were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding PACE obligations. [read post]
25 Aug 2016, 10:51 am
Condominium associations need to be especially vigilant because short term rentals of less than thirty (30) days are also prohibited by the Federal Housing Administration (FHA) and the Federal National Mortgage Association (Fannie Mae). [read post]
25 Aug 2016, 5:51 am
Condominium associations need to be especially vigilant because short term rentals of less than thirty (30) days are also prohibited by the Federal Housing Administration (FHA) and the Federal National Mortgage Association (Fannie Mae). [read post]
