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5 Nov 2012, 2:21 pm
The Ohio Supreme Court simply rejected the Second District’s finding that Freddie Mac’s initial lack of standing to sue had been remedied by the assignment of the Schwartzwald’s mortgage and promissory note from Wells Fargo to Fannie Mae after the foreclosure had been filed, and held: “Here, it is undisputed that Freddie Mac did not have standing at the time it commenced this foreclosure action, and therefore it failed to invoke the jurisdiction of the court of… [read post]
5 Nov 2012, 8:02 am
In addition, homeowners with Fannie Mae loans are eligible for free information and assistance at a Fannie Mae Mortgage Help Center. [read post]
2 Nov 2012, 4:59 pm
- Voter Information Look-up STATE OF NEW HAMPSHIRE SHORT SALE RESOURCES: ShortSaleCenter.net STATE OF NEW HAMPSHIRE COURTS & LAW LIBRARY: New Hampshire Judicial Branch Law Library Circuit Court Law Library Mediation & Arbitration Superior Court Supreme Court University of New Hampshire Franklin Pierce Law Library FEDERAL GOVERNMENT RESOURCES: Fannie Mae Loan Look-Up Tool – Find out if your loan is owned by Fannie Mae here. [read post]
1 Nov 2012, 5:56 pm
The Federal Housing Finance Agency (FHFA) recently announced that Fannie May and Freddie Mac are issuing new, clear guidelines to their mortgage servicers that will align and consolidate existing short sales programs into one standard short sale program. [read post]
1 Nov 2012, 9:02 am
If a loan defaults, Freddie and Fannie guarantee payment to investors. [read post]
31 Oct 2012, 10:14 am
Katz Law Library FEDERAL GOVERNMENT RESOURCES: Fannie Mae Loan Look-Up Tool – Find out if your loan is owned by Fannie Mae here. [read post]
31 Oct 2012, 7:37 am
This case is about the way in which both Bank of America and subsidiary Countrywide systematically skirted regulatory control over mortgage loans backed by government housing agencies Fannie Mae and Freddie Mac. [read post]
30 Oct 2012, 2:13 pm
Banks want their money; we’ve just written about how Fannie Mae and Freddie Mac just this month announced a new level of pressure the federal government will be exerting: and that pressure is specifically to collect deficiencies on strategic defaults. [read post]
30 Oct 2012, 12:44 pm
The bank then took those subpar loans and sold them to Fannie Mae and Freddie Mac, the federal government’s beleaguered mortgage associations, all the while promising that the loans were in fact meeting their topnotch, high quality standards. [read post]
30 Oct 2012, 11:04 am
Inside the fanny pack the officer discovered three crack pipes. [read post]
30 Oct 2012, 11:02 am
The government contends that material information was hidden from Fannie Mae and Freddie Mac, with the end result being more than $1 billion in losses suffered by American taxpayers. [read post]
29 Oct 2012, 10:32 am
On October 24, the United States Attorney’s Office for the Southern District of New York (SDNY) filed a $1 billion civil mortgage fraud lawsuit against a mortgage lender and a major financial institution in connection with loans sold to the government-sponsored enterprises (GSEs), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). [read post]
29 Oct 2012, 8:17 am
., alleging that its Countrywide Financial Corp. unit misrepresented the quality of home loans they sold to mortgage-finance firms Fannie Mae and Freddie Mac, is a new take on an old law. [read post]
29 Oct 2012, 1:03 am
One likely defense available to BofA relates to the timing of the alleged false claims: the immediate victims of Countrywide’s alleged misconduct were the private corporations originally incorporated by the government, Fannie Mae and Freddie Mac, whose subsequent federal takeover constituted taxpayer-funded bailouts. [read post]
28 Oct 2012, 6:16 pm
Fannie Mae and Freddie Mac, quesi-private companies, engaged in various corrupt practices during the housing boom in order to gain added business (see the expose of these companies in “Reckless Endangerment” by Morgenson and Rossner). [read post]
26 Oct 2012, 11:00 am
This morning the Supreme Judicial Court (SJC) issued its decision in Fannie Mae v. [read post]
26 Oct 2012, 10:14 am
These “sub-prime loans” are still on the books of some of our largest banks, Fannie Mae and Freddie Mac. [read post]
25 Oct 2012, 10:09 am
The claim that we have failed to repurchase loans from Fannie Mae is simply false. [read post]
25 Oct 2012, 8:08 am
The US Attorney for the Southern District of New York issued a press release about “the first civil fraud suit brought by the Department of Justice concerning mortgage loans sold to Fannie Mae or Freddie Mac” which are government-sponsored enterprises (GSEs) and financial services corporations created by the United States Congress. [read post]
24 Oct 2012, 11:08 am
This is the first civil fraud case that the US Department of Justice has brought regarding the sale of mortgage loans to Freddie Mac or Fannie Mae. [read post]
