Search for: "FEDERAL NATIONAL MORTGAGE ASSOCIATION"
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20 Jan 2012, 8:53 am
Financial privacy rules had previously been issued and enforced by a variety of similar rules issued and enforced by different federal regulators: the Federal Reserve Board (Regulation P) for state-chartered banks which are members of the Federal Reserve System; the Office of the Comptroller of the Currency for national banks; the now-abolished Office of Thrift Supervision for federal savings banks and savings associations;… [read post]
20 Jan 2012, 7:21 am
Protests and social unrest are particularly likely if people feel they are unfairly losing their homes to support irresponsible, law-breaking institutions that have successfully disregarded the fundamental rules of capitalism and good citizenship.” The harsh truth is that whatever is done in the future at state or federal levels to mitigate the damage caused by foreclosures, it’s simply too late to prevent our FRAUDclosure crisis from pretty much wiping out our… [read post]
20 Jan 2012, 6:44 am
National Bank Australia Ltd. [read post]
19 Jan 2012, 8:29 am
The First Multiple Listing Service Inc. lawsuit contends the federal Real Estate Settlement Practices Act (“RESPA”) requires full disclosure of all fees and charges in real estate closings involving a federal mortgage loan. [read post]
18 Jan 2012, 12:36 pm
When the OCC issued its proposed rule, both the Department of the Treasury—of which the OCC is an arm—and the National Association of Attorneys General opposed the proposed rule. [read post]
17 Jan 2012, 9:04 am
Given the role of community associations in our nation’s housing markets and the authority of associations to foreclose as a remedy to perfect a lien, it is reasonable to expect the CFPB to examine community associations at some point in its review of the housing market. [read post]
16 Jan 2012, 10:02 am
Supreme Court.Attorney's fees -- Prevailing party -- Injunction -- Trial court erred in awarding prevailing party attorney's fees to homeowners association in action seeking injunction to require that homeowner obtain insurance on home in accordance with subdivision declaration where association had adequate remedy at law by obtaining insurance coverage on home and assessing the cost against the homeowner -- Because association had adequate remedy at law, trial… [read post]
16 Jan 2012, 8:14 am
On December 28, 2011, the Federal National Mortgage Association (Fannie Mae) announced new condominium insurance requirements. [read post]
15 Jan 2012, 12:01 pm
Kathleen is a national authority on mortgage finance and regulation, subprime and predatory lending, and housing discrimination. [read post]
13 Jan 2012, 9:49 am
Did investors invest in “Mortgage-backed Securities? [read post]
12 Jan 2012, 10:40 am
AIC MHParks AIC Associated Estates Realty Corp. [read post]
9 Jan 2012, 3:40 pm
Federal National Mortgage Association case, indicating its deep concern over whether an adverse ruling against foreclosing lenders will have a disastrous impact on foreclosure titles and, if so, whether its ruling should be applied prospectively rather than retroactively. [read post]
7 Jan 2012, 7:22 pm
I had the privilege today of hearing Federal Reserve Board Governor Sarah Bloom Raskin deliver the keynote address to the Section on Financial Institutions at the American Association of Law Schools Annual Meeting. [read post]
5 Jan 2012, 10:43 am
The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac (FMCC), today directed the companies to increase fees on new mortgages by an average of 10 basis points, or 0.1 percentage point, effective April 1, to comply with the law. [read post]
4 Jan 2012, 12:33 am
Other settlements include the following: Merrill Lynch Mortgage Backed Securities, $315 million (refer here); Lehman Brothers offering underwriters settlement, $417 million (refer here); Washington Mutual, $208.5 million (refer here); Wells Fargo Mortgage Backed Securities, $125 million (refer here); National City, $168 Million (refer here); Colonial Bank, $10.5 million (refer here); and Lehman Brothers executives, $90 million (refer here) and E*Trade, $79 million (refer… [read post]
3 Jan 2012, 3:10 am
National Guard Technician Equity Act. [read post]
2 Jan 2012, 7:43 pm
They were wrong then and according to a recent story in National Mortgage News, those bulk buyers who are still in the game continue to wail and gnash their teeth at the idiotic behavior of banks that fail to understand their right to profit at the banks' expense. [read post]
1 Jan 2012, 8:45 pm
Filing for Bankruptcy...Problems Continue with HAMP and Federal Mortgage Programs — Is HAMP Dying? [read post]
27 Dec 2011, 5:22 am
Under the proposal, banks would be released from legal claims tied to servicing delinquent mortgages as well as certain mortgage-origination practices, but government officials still would be able to pursue claims related to the packaging of mortgages into securities.” And then the WSJ closes its story of how a settlement between the bakers and state AGs is essentially imminent with the following sentence: “Even if a deal in principle is reached, the formal… [read post]
24 Dec 2011, 2:00 am
And, according to Bloomberg, mortgages of $1 million plus are now defaulting at twice the national rate, so there’s no question that the water level is rising. [read post]
