Search for: "FANNIE MAE"
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4 Aug 2012, 9:40 am
Now, the investigation over FHA lending practices is likely to cost it more than the $2 billion it's already paid to Fannie Mae, which demanded the bank buy back mortgages that didn't meet its standards. [read post]
3 Aug 2012, 3:30 pm
FHFA also reported that it is working with Fannie Mae and Freddie Mac on a series of other borrower assistance efforts including (i) an update to Freddie Mac’s refinance program to align it with Fannie Mae’s policy for refinancing mortgages with loan-to-value ratios equal to or less than 80%, (ii) new requirements expected in September related to representations and warranties, which will shift the loan quality review closer to the time of loan… [read post]
2 Aug 2012, 9:30 pm
Senate to move the legislation forward.The Federal Housing Finance Agency (FHFA) said that it was rejecting arguments made by the Obama administration and members of Congress to authorize Fannie Mae and Freddie Mac to offer debt forgiveness to struggling borrowers.Cass Sunstein, the head of the Obama Administration's Office of Information and Regulatory Affairs, announces that he will be stepping down and returning to his academic position at Harvard. [read post]
2 Aug 2012, 1:02 am
Fannie Mae (FNMA/OTC) opened an extension of its Los Angeles, California, Mortgage Help Center in the Inland Empire region to provide free education and counseling services to struggling California homeowners. [read post]
1 Aug 2012, 1:38 pm
One could presumably avoid the first problem by condemning only purchase money loans, but that would further restrict the pool of available underwater mortgages that fall within the scope of the plan (the proponent has already omitted all loans that are not performing and all government-backed mortgages held by Freddie Mac and Fannie Mae). [read post]
1 Aug 2012, 5:51 am
In this country, we’ve got Fannie Mae and Freddie Mac doing the same thing to American homeowners with their refusal to write down loan balances under any circumstances. [read post]
1 Aug 2012, 4:59 am
Fannie Mae and Freddie Mac, the housing finance giants seized by the government in 2008, own or back about 60% of the nation's mortgages. [read post]
31 Jul 2012, 9:30 pm
” The general counsel for the Federal Housing Finance Agency, the overseer of Fannie Mae and Freddie Mac, warned that the law would lead to longer foreclosure process delays and increase legal risks for lenders which “ultimately creates harm for all homeowners. [read post]
31 Jul 2012, 10:04 am
., Fannie Mae and Freddie Mac). [read post]
30 Jul 2012, 4:03 am
Oh, and here is a link to Fannie Mae’s 1178-page servicing guidelines. [read post]
28 Jul 2012, 7:40 am
The report, used data from Fannie Mae, Freddie Mac and five of the biggest mortgage lenders. [read post]
27 Jul 2012, 2:41 pm
Fannie Mae announced that it is eliminating the requirement that servicers select a Fannie Mae-approved title company for work performed inArizona,California andWashington. [read post]
24 Jul 2012, 7:46 pm
But while the agency’s Proposed Rule maintains its position that Fannie Mae and Freddie Mac (the “Enterprises”) should not purchase any mortgages subject to a first-lien PACE obligation, PACE supporters have one more chance to submit their most compelling case for reviving residential PACE programs nationwide. [read post]
24 Jul 2012, 2:35 pm
Department of Justice; assistant to the General Counsel of the Army; law clerk to the 6th Circuit United States Court of Appeals; and senior vice president, deputy general counsel and chief compliance officer at Fannie Mae. [read post]
24 Jul 2012, 12:12 pm
A Wisconsin Counties Association committee Tuesday offered initial support for Milwaukee County’s class-action lawsuit against Fannie Mae and Freddie Mac over unpaid taxes. [read post]
22 Jul 2012, 11:45 am
On July 16, Fannie Mae announced its “Know Your Options Customer Care” program, through which Fannie Mae provides training for servicers’ call center employees in an effort to help prevent foreclosures. [read post]
22 Jul 2012, 6:19 am
Milwaukee County has taken another step toward recovering about $200,000 in unpaid taxes from Fannie Mae and Freddie Mac, but the state has not moved on the $800,000 it could be due. [read post]
21 Jul 2012, 8:08 am
” And he recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae’s former senior management. [read post]
21 Jul 2012, 8:08 am
” And he recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae’s former senior management. [read post]
20 Jul 2012, 10:55 am
PACE became a controversial issue in 2010, when the Federal Home Finance Authority (FHFA), the regulator of Freddie Mac and Fannie Mae, issued an order prohibiting Freddie Mac and Fannie Mae from purchasing mortgages with PACE assessments on them. [read post]
