Search for: "Federal National Loan Mortgage"
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15 Jun 2012, 5:10 am
At the Center: The Sarasota Herald-Tribune reports: "Calling Sarasota the "epicenter" of the nation's housing boom, a federal judge Thursday sentenced a former Washington Mutual loan officer to 15 months in prison for his role in a mortgage fraud scheme that involved hundreds of millions of dollars worth of Southwest Florida property. [read post]
14 Jun 2012, 7:07 pm
Information on the OCC’s Independent Foreclosure Review MyMoney.gov - This site organizes financial education help from over 20 different Federal web sites in one place, including dealing with mortgages. [read post]
12 Jun 2012, 7:49 pm
In the words of this nation's First Black President, "It's the economy, stupid. [read post]
10 Jun 2012, 10:17 pm
Mortgage Bankers Association v. [read post]
7 Jun 2012, 6:14 am
The 5 largest mortgage originators in the nation jumped at the opportunity to use their size and scale to meet this need, becoming the 5 largest mortgage servicers in the process. [read post]
6 Jun 2012, 5:01 am
In February of this year, according to a Department of Justice news release, the federal government and the attorneys general of 49 states reached a $25 billion settlement with the nation’s five largest mortgage servicers, which had been sued by the various governments on account of alleged loan servicing and foreclosure abuse. [read post]
5 Jun 2012, 6:07 am
The study shows that the average national debt* is about $78,000 and the average credit score is 751. * Average debt for this study was calculated using mortgage loans, auto loan/lease, other types of installment loans and revolving accounts, but not necessarily a combination of all for each consumer. [read post]
4 Jun 2012, 9:42 am
Abacus Federal Savings Bank and 11 of its former employees in a false document mortgage fraud scheme resulting in the sale of hundreds of millions of dollars worth of fraudulent loans to the Federal National Mortgage Association have been indicted. [read post]
4 Jun 2012, 6:39 am
Quicken Loans, Inc., including the prospect that the decision “could encourage the practice of ‘marking up’ fees by mortgage lenders, escrow officers and others that had been banned by federal regulators for the last decade.” [Disclosure: Goldstein & Russell, P.C., whose attorneys contribute to this blog in various capacities, represented the petitioners in Freeman, but the author of this post was not involved in the case.] [read post]
3 Jun 2012, 11:54 am
FANNIE MAE (Federal National Mortgage Association) No. [read post]
3 Jun 2012, 9:07 am
Imagine 200,000 surplus lawyers looking for work to pay off crushing tuition loans and pursue the dreams that led them to law school in the first place. [read post]
2 Jun 2012, 9:27 am
Economists refer to the 30 percent national income decline marker as “Geithner’s Peak,” and it’s considered important because reaching it means that we could be approaching the halfway point in our national decline. [read post]
31 May 2012, 1:43 pm
The pace of foreclosures slowed sharply as the nation's biggest mortgage lenders worked to hammer out a settlement with state and federal officials. [read post]
31 May 2012, 12:04 pm
Ocwen is a large mortgage servicing firm, but it still only holds about a half a million mortgage loans, and of those, 65,000 are underwater. [read post]
29 May 2012, 1:24 pm
(John McCoy/Staff Photographer) Paulette Breen sensed something was wrong when her home loan modification made her mortgage payments more expensive. [read post]
27 May 2012, 11:00 am
At a roundtable discussion that included officials from top federal agencies, Ocwen Loan Servicing discussed its efforts at mortgage loan modifications in Miami and beyond. [read post]
27 May 2012, 10:44 am
The record $25 Billion Dollar National Mortgage Settlement Agreement signed earlier this year involved 5 big lenders. [read post]
26 May 2012, 12:19 pm
This is one of the only federal caps on interest rates - generally the National Bank Act and Federal Deposit Insurance Act permit national banks and FDIC-insured banks to charge any rate of interest permitted in their home state, which allows banks to organize entities in states such as South Dakota and Nevada that have no usury limit through which they can make credit-card and other loans at unconscionably high interest rates. [read post]
25 May 2012, 6:39 am
Quicken Loans, holding that the Real Estate Settlement Procedures Act applies only when a mortgage fee is shared between two or more parties, and thus does not apply to a fee charged by the originator of the loan. [read post]
24 May 2012, 5:34 am
National Guard Technician Equity Act. [read post]
