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11 Sep 2011, 10:53 pm by Adam Levitin
I'm testifying before the Senate Banking Committee on Tuesday about the role of the government guarantee in housing finance (a/k/a wtf do we do with Fannie and Freddie). [read post]
15 Nov 2010, 7:16 am
Effective immediately, mortgage servicers who service Fannie Mae or Freddie Mac loans must work closely with state housing finance agencies in order to assist homeowners in danger of losing their homes to foreclosure due to a job loss. [read post]
11 Aug 2010, 10:00 am
Fannie Mae and Freddie Mac wont purchase a mortgage from the front line lenders if your credit score is below 620. [read post]
7 Jul 2012, 12:02 pm by BuckleySandler
FHFA launched its REO pilot program in February 2012 and bids from qualified investors were sought during the second quarter of the year for roughly 2,500 single-family foreclosed properties held by Fannie Mae. [read post]
31 Aug 2012, 12:41 pm by BuckleySandler
On August 31, the FHFA announced that Fannie Mae and Freddie Mac will attempt to bring more private capital into the secondary mortgage market by increasing guarantee fees (g-fees) on single-family mortgages by an average of ten basis points. [read post]
6 Mar 2009, 10:24 am
A compressed portrayal of US failures evident in the current crisis may arise from the following list of representations: (A) firms: Countrywide, Fannie Mae, AIG, Citigroup, Moody's, Lehman Brothers, General Motors; (B) industries: mortgage origination, mortgage finance, insurance, commercial banking, rating agencies, investment banking, automobile manufacturing and finance; (C) regulators: state mortgage, insurance and banking overseers; Federal Housing Finance Agency; Securities… [read post]
10 Mar 2011, 6:20 pm by Peter Moulinos
During the course of our representation of clients, we’ve also seen that some of these smaller banks are still underwriting no income verification loans, even though they are not allowable under current Fannie Mae guidelines. [read post]
21 Jan 2016, 2:43 pm by Mark F. Anderson
Fannie Mae said mortgage companies could use this report in lieu of pay stubs effective mid-2016. [read post]
26 Feb 2009, 8:46 am
Circuit appellate opinion, In re Fannie Mae Securities Litigation, _ F.3d _, 2009 WL 21528 (C.A.D.C., Jan. 6, 2009), the court addressed the consequences of entering into a stipulated order designed to resolve some of the problems encountered over the course of complying with a subpoena issued under Federal Rule of Civil Procedure 45.Specifically, the Office of Federal Housing Enterprise Oversight (OFHEO) appealed from a contempt order of the U.S. [read post]
14 Jul 2008, 6:28 am
But the big news is that Treasury is proposing to bail out Fannie and Freddie. [read post]
7 Apr 2022, 8:29 am by Reid F. Herlihy
The Federal Housing Finance Agency announced yesterday that Fannie Mae and Freddie Mac will require servicers to suspend foreclosure activities for up to 60 days if the servicer has been notified that a borrower has applied for assistance from the Treasury Department’s Homeowner Assistance Fund (HAF). [read post]
2 Apr 2009, 10:21 am
.), the panel will discuss specific options for denationalizing credit risk through the termination of credit guarantees, the run-off of lending by Treasury and the Fed, the privatization or liquidation of Fannie and Freddie, and regulatory and statutory changes which could spur increased saving and the resumption of lending by private-sector financial intermediaries in a manner that is much less likely to lead to another financial crisis. --- Panelists include Representative Jeb… [read post]
4 Mar 2011, 2:36 pm
That bubble pervaded the real estate market in part through relaxed lending standards promulgated by the government-sponsored enterprises Freddie Mac and Fannie Mae. [read post]
29 Jul 2007, 10:12 pm
., it may consist of fanny-patting in school hallways by seventh graders. [read post]
21 Jan 2016, 2:43 pm by Mark F. Anderson
Fannie Mae said mortgage companies could use this report in lieu of pay stubs effective mid-2016. [read post]
24 Aug 2021, 11:24 am
While a mortgage may have originated with a bank or another private lender, many mortgages are sold to other investors, including Fannie Mae and Freddie Mac. [read post]
21 Sep 2008, 8:30 am
  Yet did the War in Iraq cause nearly the chaos that Barack Obama's Fannie-Freddie policies are causing? [read post]
28 Oct 2013, 12:04 pm
According to case records, the HSSL loans were sold to government mortgage giants, Fannie Mae and Freddie Mac. [read post]