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26 Apr 2013, 6:57 am by admin
The indictment alleges that the conspirators obtained approximately $39 million in fraudulent mortgage loans at Marina Oaks, resulting in $34 million in losses to the various lenders including Fannie Mae, which reported losses over $4.1 million to date, while Freddie Mac faces potential exposure of an additional $8.5 million. [read post]
25 Apr 2013, 1:38 pm by Richard J. Andreano, Jr.,
Whether the loan was eligible for sale to Fannie Mae or Freddie Mac would depend on the facts and circumstances. [read post]
25 Apr 2013, 7:44 am by admin
The total loss for the 16 loans amounted to $2,440,804, including $814,730, to the Federal Home Loan Mortgage Corporation (Freddie Mac), and $757,293 to the Federal National Mortgage Association (Fannie Mae). [read post]
24 Apr 2013, 6:55 pm by Adam Levitin
Fannie and Freddie currently have 100% skin-in-the-game on most MBS. [read post]
23 Apr 2013, 10:38 am by Larry Tolchinsky
  Employment Rates Impact Housing Recovery Says Fannie Mae Ecomonist The economy is a mishmash of lots of different things working together and the housing market in Florida doesn’t operate independently of other economic conditions. [read post]
21 Apr 2013, 8:46 pm by Buce
  And in particular, the recurrent howl that it is all the fault of the GSEs--Fannie and Freddy,  their implicit government guarantee. [read post]
16 Apr 2013, 12:11 pm by Larry Tolchinsky
And banks are feeling the pressure to go after these balances: last fall, for example, the Federal Housing Finance Agency (FHFA) formally notified Fannie Mae and Freddie Mac that a more aggressive stance on collecting deficiencies on home foreclosures was being required on their home loans. [read post]
16 Apr 2013, 8:56 am by Editorial Board
  FHFA sued UBS as conservator of Fannie Mae and Freddie Mac, alleging fraud and misrepresentation in connection with the sale of $6.4 billion in RMBS. [read post]
16 Apr 2013, 8:14 am by Editorial Board
On April 11, the FHFA announced that Fannie Mae and Freddie Mac will extend the Home Affordable Refinance Program (HARP) by two years until December 31, 2015. [read post]
15 Apr 2013, 10:13 am by Dana Janquitto
In the wake of the economic downturn, Fannie Mae and Freddie Mac have acquired vast portfolios of properties. [read post]
14 Apr 2013, 8:43 pm by Lanigan
“Most all home mortgages are insured by what we call a GSE a government-sponsored entity the names that would be most familiar to you are Fannie Mae and Freddie Mac and almost all home mortgages are insured by one or the other. [read post]
9 Apr 2013, 1:19 pm by Larry Tolchinsky
 However, since FHFA’s Fannie Mae and Freddie Mac are responsible for the majority of home mortgages in the United States today (FHFA sets their involvement at 65%) , it gives a pretty good indication of how loan modifications and mortgage refinancing is doing right now. [read post]
7 Apr 2013, 5:04 pm by Buce
The one-line takeaway is, as I take it, that we don't pay nearly enough attention to the concept of "financial crisis"--by which he means, I think, crisis narrowly defined like the mensis horribilia when Lehman went down--also Fannie and Freddie, WaMu, Merrill Lynch and the reputation for invulnerability of the American banking system.I think that much is inarguable, although there may be some issues about cause and definition. [read post]
6 Apr 2013, 1:25 pm
If you are unsure if your mortgage is owned by Fannie or Freddie, please check Freddie's lookup site or Fannie's lookup site. [read post]
3 Apr 2013, 9:56 am by Tom Smith
The Obama Administration has played on the mistaken impression of many in Congress that the GSEs are a hopeless basket case to change the terms of the bailout in a way that will dramatically boost government receipts. [read post]
28 Mar 2013, 9:30 pm by RegBlog
 Federal Housing Finance Agency (FHFA) announced Fannie Mae and Freddie Mac’s new Streamlined Modification Initiative to help delinquent borrowers avoid foreclosure.The FDA approved a one-of-a-kind botulism antitoxin.The EPA and the Department of Housing and Urban Development (HUD) announced plans to administer agency-wide furloughs as a result of the sequester.United States Department of Agriculture (USDA) announced its plan to expand its StrikeForce for Rural… [read post]