Search for: "Federal Mortgage Association (Fannie Mae)" Results 101 - 120 of 407
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3 Oct 2014, 10:06 am
Should the Federal National Mortgage Association ("Fannie Mae") be treated the same as the American National Red Cross when it comes to removal of cases from state to federal court? [read post]
30 Sep 2014, 7:56 am by Allison Tussey
In total, the scheme collected at least $4.9 million from more than 1,000 homeowners, including homeowners whose mortgages were owned by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). [read post]
22 Aug 2014, 1:34 am by Ben Vernia
The bank has also conceded that it originated risky mortgage loans and made misrepresentations about the quality of those loans to Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA). [read post]
5 Aug 2014, 5:10 pm by Allison Tussey
Armando Granillo, 45, Huntington Beach, California, a former sales associate with the Federal National Mortgage Association (Fannie Mae), was sentenced to 15 months in federal prison for taking kickbacks from a real estate broker who sold properties on behalf of the mortgage agency. [read post]
25 Jul 2014, 12:38 pm
Two agencies that participated in the securitization of these subprime loans were the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae). [read post]
3 Jul 2014, 4:17 pm by Sabrina I. Pacifici
FHFA Actions to Manage Enterprise Risks from Nonbank Servicers Specializing in Troubled Mortgages (AUD-2014-014) - 07/01/2014 “Banks that traditionally service mortgage loans backed by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (the Enterprises) have been selling the rights to service troubled loans (e.g., delinquent or in default)… [read post]
16 May 2014, 11:25 am by Adam Levitin
So in 1938, the Reconstruction Finance Corporation (a government corporation) created a subsidiary called Federal National Mortgage Association of Washington, DC. [read post]
17 Mar 2014, 4:29 am by Kevin LaCroix
  Similarly, in October 2013, Fannie Mae sued nine of the Libor rate-setting banks alleging that they had manipulated the rates causing Fannie Mae to lose money on mortgages and other instruments, and seeking over $800 million in damages. [read post]
20 Feb 2014, 2:00 pm by Michael Wasserman
Fannie Mae is offering fairly sizeable incentives to buyers themselves. [read post]
13 Feb 2014, 1:36 pm by Sabrina I. Pacifici
February 12, 2014,  FHFA Oversight of Enterprise Handling of Aged Repurchase Demands “Why OIG Did This Report: “Various entities such as banks often sell mortgage loans to two Government Sponsored Enterprises – the Federal National Mortgage Association (Fannie Mae) and  the Federal Home Loan Mortgage Corporation (Freddie Mac); taxpayers invested heavily to keep these enterprises afloat during the… [read post]
30 Jan 2014, 7:33 pm by Steven D. Schwinn
Federal National Mortgage Association that Fannie Mae and Freddie Mac enjoy statutory immunity certain state and local taxes--and that this congressionally granted... [read post]
8 Jan 2014, 12:06 pm by Carlos Kelly
As Anthony Della Pelle explains, the ACLU “suit was filed under the federal Freedom of Information Act, and seeks copies of public federal records relating to the efforts of the FHFA to use its regulatory powers over mortgage agencies Fannie Mae and Freddie Mac, which control most residential mortgages in the United States, and also relating to communications between FHFA and various financial institutions, associations and… [read post]
4 Dec 2013, 8:49 am by Allison Tussey
” “The nine individuals named in this indictment have allegedly committed fraud against individual victims and Fannie Mae and Freddie Mac,” said Acting Inspector General Michael P. [read post]
24 Oct 2013, 12:24 pm by Richard J. Andreano, Jr.,
,The CFPB was one of five federal regulators issuing an interagency statement intended to address industry concerns regarding the fair lending risks associated with compliance with the CFPB’s ability-to-repay/qualified mortgage (QM) final rule. [read post]
7 Oct 2013, 6:35 am by Lyle Denniston
In another major business case, the Court refused to clear the way for 76 banks and other financial institutions to appeal a dispute on their potential multi-billion-dollar liability for selling flawed mortgage-backed securities to Fannie Mae and Freddie Mac. [read post]
12 Sep 2013, 12:58 pm by Carlos A. Kelly
Also in early August, as reported by NuWire Investor, "the Federal Housing Financial Agency, regulator of Fannie Mae and Freddie Mac, two of the biggest investors in private-label mortgage-backed securities, issued a strong statement against [Richmond's plan to use eminent domain to acquire underwater mortgages], saying it would legally challenge any local or state action that sanctions use of eminent domain." [read post]
12 Sep 2013, 11:58 am by Carlos Kelly
Also in early August, as reported by NuWire Investor, “the Federal Housing Financial Agency, regulator of Fannie Mae and Freddie Mac, two of the biggest investors in private-label mortgage-backed securities, issued a strong statement against [Richmond's plan to use eminent domain to acquire underwater mortgages], saying it would legally challenge any local or state action that sanctions use of eminent domain. [read post]
11 Sep 2013, 4:00 pm
The FHFA, which regulates Fannie Mae, Freddie Mac and the twelve Federal Home Loan Banks, issued a statement on August 8, 2013 stating “use of eminent domain to restructure existing financial contracts… presents a clear threat to the safe and sound operations” of the entities under its purview. [read post]
11 Sep 2013, 3:00 pm by Sheppard Mullin
The FHFA, which regulates Fannie Mae, Freddie Mac and the twelve Federal Home Loan Banks, issued a statement on August 8, 2013 stating “use of eminent domain to restructure existing financial contracts… presents a clear threat to the safe and sound operations” of the entities under its purview. [read post]
21 Aug 2013, 7:43 am by James Hamilton
The Corker-Warner legislation, the Housing Finance Reform and Taxpayer Protection Act, S. 1217, would, among other things, create the Federal Mortgage Insurance Corporation (FMIC) as an independent federal agency to capitalize the housing finance system by separating credit risk from interest rate risk, and bringing in private capital to take on both.Specifically, continued Chairman Hensarling, the PATH Act would end the costly Fannie Mae and Freddie Mac… [read post]