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25 Mar 2011, 3:23 am
A Vastly Changed Landscape The legal and mortgage financing landscape has changed so much in the last few years, with Fannie Mae and regulatory agencies issuing a new policy what seems like every other week, and short sale and REO transactions becoming much more prevalent. [read post]
18 Mar 2011, 10:19 am
Legislation reforming the government sponsored enterprises, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), has been introduced by House Financial Services Committee Chairman Spencer Bachus (R-Ala) and Vice Chairman Jeb Hensarling (R-TX). [read post]
18 Mar 2011, 7:31 am
Basically, the suit accuses the three of negligence in allowing risky mortgage lending, but doesn’t specify how much the federal agency will be seeking in terms of damages. [read post]
16 Mar 2011, 3:27 pm
(Interestingly his examples are 2/5 individuals: mortgage deduction and retirement age.) [read post]
12 Mar 2011, 2:38 am
So, it’s a mortgage backed security, or MBS, as opposed to a corporate bond issued by a company like GE or IBM, or a Municipal Bond, issued by a city or municipality, which are only backed by the company’s or the city’s credit rating at the time the bond was issued. [read post]
9 Mar 2011, 7:30 pm
Any corporation that isn't maximizing the NPV of its assets is committing waste. [read post]
7 Mar 2011, 7:40 am
Banks and mortgage companies have treated no one fairly throughout the process and are not about to start now. [read post]
1 Mar 2011, 11:29 pm
Under SARFAESI Act, 2002, the Bank itself determines the amount of debt when there is a default and proceeds with the property mortgaged in accordance with the provisions of the Act and the concerned regulations. [read post]
28 Feb 2011, 6:00 am
"The Administration’s plan calls for reducing and eventually winding down the two primary government housing finance institutions, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). [read post]
15 Feb 2011, 12:53 pm
Late last year, the federal banking agencies began a targeted review of loan servicing practices at large financial institutions that had significant market concentrations in mortgage servicing. [read post]
15 Feb 2011, 8:19 am
Maybe home-owners can walk away from their underwater mortgages, but law graduates — even deadbeats like me — try to pay off their loans. [read post]
14 Feb 2011, 7:07 am
They bring in a sworn declaration from MERS Treasurer and Corporate Secretary, William Hultman on December 10th, that explains what an entirely fabulous and utterly wonderful invention MERS actually is, and then… I suppose afraid that the one Hultman declaration just might not carry the day they show up with yet another declaration from MERS Treasurer and Corporate Secretary, William Hultman on December 23rd. [read post]
11 Feb 2011, 10:30 am
Under the consolidation of New York state housing programs the Commissioner also serves as chief executive of the State's major housing and community renewal agencies, including the Housing Finance Agency and State of New York Mortgage Agency. [read post]
10 Feb 2011, 7:14 am
However, all is not lost… apparently, a Bank of America spokesmoron has said that… “… the bank intends to participate but hasn’t yet reached a formal agreement with the California Housing Finance Agency, which designed the program. [read post]
9 Feb 2011, 11:17 am
Court of Appeals for the District of Columbia Circuit in its lawsuit against the Obama Federal Housing Finance Agency (FHFA) seeking records related to political contributions made by the mortgage giants Fannie Mae and Freddie Mac. [read post]
9 Feb 2011, 3:20 am
The FDIC’s website does not specify whether or not the agency’s board has so far authorized any claims against accountants or accounting firms. [read post]
1 Feb 2011, 5:19 pm
Will The Massachusetts Ibanez Case Unravel Widespread Irregularities In The Residential Securitized Mortgage Market? [read post]
31 Jan 2011, 3:41 am
We’re also doing some cleanup of the organization: White collar, appellate, arbitration, and a few others are all going under Litigation; Bank regulatory, automotive, consumer protection, government affairs, financial institutions, and healthcare are going under Regulatory & Compliance; Biotech is merging into IP; Outsourcing and telecom are going under Technology; Energy, mining, and oil & gas are going under Project Finance; Capital markets, investment management,… [read post]
29 Jan 2011, 10:51 pm
"(9) In Food Corporation of India v. [read post]
26 Jan 2011, 7:06 am
Other persons who are receiving from the Pension Benefit Guaranty Corporation (PBGC) or other trade-related government agencies can also claim this tax benefit. [read post]
