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14 Aug 2012, 6:00 am
DeMarco for more than a year to let Fannie Mae and Freddie Mac join nearly every other major mortgage company [note: Fannie and Freddie are not mortgage companies – Ed.] in offering debt forgiveness to borrowers who owe more than the value of their homes. [read post]
12 Aug 2012, 7:46 pm
The top 10 serviced 75 percent of single-family mortgages guaranteed by Fannie Mae, according to company filings. [read post]
12 Aug 2012, 6:46 am
Earlier this year, Fannie Mae said that it planned to bar banks from getting any sort of commission on directly-obtained force-placed coverage. [read post]
12 Aug 2012, 4:38 am
Fannie Lou Hamer As have other IntLawGrrls, Stephanie dedicates her post today to Fannie Lou Hamer, the civil rights leader and voting rights activist who born died in 1977, at age 59, in her home state of Mississippi. [read post]
10 Aug 2012, 6:19 pm
The FHFA notes “significant concerns” with the potential practice, including that Fannie Mae and Freddie Mac would sustain losses that would ultimately be borne by taxpayers, and mortgage lenders may restrict their lending activities. [read post]
10 Aug 2012, 3:28 pm
Fannie Mae is built on the lie that every American is capable of paying a mortgage. [read post]
9 Aug 2012, 10:46 am
In the case of [Fannie Mae and Freddie Mac], resulting losses from such a program would represent a cost ultimately borne by taxpayers. [read post]
9 Aug 2012, 10:46 am
In the case of [Fannie Mae and Freddie Mac], resulting losses from such a program would represent a cost ultimately borne by taxpayers. [read post]
9 Aug 2012, 3:00 am
I’m no expert on French law, but according to an article by David Stewart and Anna Conley that I’ve cited before, signification refers to service that must be made by personal delivery by a judicial officer or huissier, while notification refers to service that can be made by mail or even fax. 1 Letters Blogatory’s French correspondent, Fanny Cornette, points out that under the French Code de procédure Civile, there are times after the commencement of an action… [read post]
8 Aug 2012, 9:30 pm
DeMarco argued that the plan would have put Fannie Mae and Freddie Mac into a position of having to accept too much taxpayer money to justify adopting the program. [read post]
7 Aug 2012, 5:52 am
(Fannie Mae, Freddie Mac, GM, Citibank, JP Morgan, etc.) [read post]
7 Aug 2012, 1:52 am
Since most home loans in the U.S. belong to Freddie Mac or Fannie Mae, you can usually find the weekly interest rate "floor" and "ceiling" online. [read post]
6 Aug 2012, 7:45 pm
A substantial portion of first mortgage are eligible for HAMP relief either as Fannie Mae or Freddie Mac related mortgages (GSE Loans) or as the mortgage servicer has agreed to participate in HAMP (non-GSE Loans).Some homeowners have trouble communicating with their mortgage company to obtain HAMP relief. [read post]
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 origination, (iii) a… [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]
