Search for: "Fannie Mae"
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8 Sep 2011, 9:53 am
Makwana, the Fourth Circuit considered the proper interpretation of one of the provisions of the United States Sentencing Guidelines — §2B1.1(b)(14)(B)(i) , which gives a sentencing enhancement for an offense that substantially jeopardized the safety and soundness of a financial institution — to a hacker who had programmed malicious code into a Fannie Mae computer and was caught before the code was executed. [read post]
7 Sep 2011, 7:49 pm
" Since the US is pumping money into the failed Fannie Mae and Freddie Mac (on whose behalf the FHFA is suing) like they were actually worth something, if the big banks like BofA defrauded Fannie and Freddie, then its those of us who actually pay federal income taxes who are being stuck with the losses suffered by those GSEs. [read post]
7 Sep 2011, 11:29 am
Doesn’t the FHFA know that Fannie Mae and Freddie Mac had their own money making machines? [read post]
7 Sep 2011, 7:47 am
On September 2, the Federal Housing and Finance Authority (FHFA) sued 17 companies over sales of toxic mortgage-backed securities to Fannie Mae and Freddie Mac. [read post]
6 Sep 2011, 12:40 pm
Inman will provide critical information for persons who own a condominium unit, as well as Realtors and Association Managers, regarding how condominiums can obtain FHA, VA and Fannie Mae certifications. [read post]
6 Sep 2011, 12:17 pm
On Friday the Federal Housing Finance Agency (FHFA), which manages Fannie Mae and Freddie Mac, filed a number of law suits against the following 17 financial institutions in connection with their sale of almost $200 billion in residential private-lable mortgaged-backed securities to Fannie and Freddie.1. [read post]
6 Sep 2011, 9:37 am
According to an article in the Washington Post, the securities sold to Fannie Mae and Freddie Mac totaled nearly $200 billion and that the firms "significantly overstated the ability of the borrower to repay their mortgage loans. [read post]
5 Sep 2011, 7:30 pm
Not only do unpaid condo fees threaten the financial health of a condominium, but a high delinquency rate can run afoul of Fannie Mae/Freddie Mac and FHA condominium lending guidelines, thereby hindering the sale of a unit. [read post]
4 Sep 2011, 2:05 pm
The Federal Housing Finance Agency as conservator for Fannie Mae and Freddie Mac filed suit against a number of financial institutions. [read post]
3 Sep 2011, 11:29 am
The Federal Housing Finance Agency (FHFA), as conservator for Fannie Mae and Freddie Mac (the Enterprises), filed lawsuits against 17 financial institutions, certain of their officers and various Unaffiliated lead underwriters. [read post]
3 Sep 2011, 6:51 am
The NY times has recently reported that the federal agency that oversees the mortgage giants “Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation”. [read post]
3 Sep 2011, 3:06 am
When you attend either of the upcoming seminars, you’ll learn about such topics as… Fannie & Freddie’s Securitization Model & Master Trust Agreements The Ginnie Mae Securitization Model Master Servicers, Primary Servicers, Back-Up Servicers, Default Servicers, Speciality Servicers and Sub-Servicers The REMIC Tax Act of 1986 and REMIC Tax Opinions Role of Pooling & Servicing Agreements & Section 1-302 of the UCC and PSA New York and Delaware Trust… [read post]
3 Sep 2011, 12:52 am
The United States government recently filed suit against 17 financial companies, including, but not limited to, the largest domestic banks, for selling Fannie Mae and Freddie Mac mortgage-backed securities worth billions of dollars that turned bad when the housing market collapsed. [read post]
3 Sep 2011, 12:52 am
The United States government recently filed suit against 17 financial companies, including, but not limited to, the largest domestic banks, for selling Fannie Mae and Freddie Mac mortgage-backed securities worth billions of dollars that turned bad when the housing market collapsed. [read post]
2 Sep 2011, 4:18 pm
The Federal Housing Finance Agency, conservator for Fannie Mae and Freddie Mac, filed lawsuits in state and federal court against 17 financial institutions, their officers and various unaffiliated lead underwriters alleging violations of federal securities laws and common law in the sale of residential private mortgage-backed securities to Fannie and Freddie. [read post]
2 Sep 2011, 3:29 pm
The federal agency that oversees Fannie Mae and Freddie Mac filed lawsuits Friday against 17 financial institutions, including some of the largest American banks, alleging that they made misrepresentations when they sold private-label mortgage-backed securities to Fannie and Freddie. [read post]
2 Sep 2011, 3:28 pm
News release: "The Federal Housing Finance Agency (FHFA), as conservator for Fannie Mae and Freddie Mac (the Enterprises), today filed... [read post]
2 Sep 2011, 3:14 pm
The federal housing agency serves as conservator for Fannie Mae and Freddie Mac, and is is charged with preserving the companies’ assets on behalf of taxpayers. [read post]
2 Sep 2011, 2:15 pm
Breaking: The U.S. federal regulator for mortgage giants Fannie Mae and Freddie Mac Friday filed lawsuits against 17 of the nation’s largest banks over soured mortgage bonds, aiming to recoup billions of dollars in losses from the failed investments. [read post]
2 Sep 2011, 1:55 pm
Federal regulators filed suits on Friday against several of the nation's leading banks, seeking billions in compensation for huge losses by Fannie Mae and Freddie Mac on mortgage-backed securities the banks assembled during the housing boom. [read post]
