Search for: "Agency Mortgage Corporation"
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20 Aug 2012, 1:57 am
The notes were collateralized by certain assets, included residential mortgage backed securities (RMBS). [read post]
31 Aug 2017, 4:44 pm
If a DEL approves a mortgage loan for FHA insurance and the loan later defaults, the holder of the loan may submit an insurance claim to HUD, FHA’s parent agency, for the losses resulting from the defaulted loan. [read post]
22 Aug 2014, 1:34 am
Approximately $1.8 billion will be paid to settle federal fraud claims related to the bank’s origination and sale of mortgages, $1.03 billion will be paid to settle federal and state securities claims by the Federal Deposit Insurance Corporation (FDIC), $135.84 million will be paid to settle claims by the Securities and Exchange Commission. [read post]
12 Aug 2020, 9:53 am
On July 27, Fitch published an updated ratings methodology titled EMEA Equity Release Mortgage Bespoke Rating Criteria. [read post]
2 Dec 2008, 1:00 am
I specifically noted concerns investors had raised about the Bank of America’s regulatory settlement in which the bank proposed to restructure over 400,000 mortgages the Countrywide Financial Corporation had originated prior to being acquired by BoA. [read post]
18 Jul 2011, 11:01 am
“They shouldn’t have to be a corporate lawyer in order to be able to read something they’re signing to take out a mortgage or to get a credit card,” Obama said, in one of a few pointed comments about corporate lawyers. [read post]
7 Dec 2010, 8:07 am
The Commission found that Goodson and CAA not only received $2,298,236 of investor funds and transferred nearly $1 million dollars to Wady, but also failed to disclose that CAA was not the internationally known talent agency, Creative Artists Agency. [read post]
22 May 2014, 8:34 am
In the mortgage industry, agents are investigating foreclosure rescue companies preying on stressed homeowners and criminals who target senior citizens with the lure of reverse mortgages. [read post]
5 Apr 2012, 7:19 am
The Miami Herald on April 5, 2012 released the following: “FBI Director Robert Mueller told a Chamber of Commerce audience that the agency remains committed to solving major financial crimes prevalent in South Florida BY MARTHA BRANNIGAN The FBI has remade itself in the post-9/11 era to focus on counterterrorism, but the agency continues to battle major financial fraud in key areas familiar to South Florida, like mortgages and healthcare as well as corporate… [read post]
4 Apr 2008, 6:31 am
Sirri says the SEC is developing rules that could address the prohibition or disclosure of conflicts of interests at the agencies and the need to have different ratings for structured financial products and corporate securities. [read post]
10 Apr 2015, 7:31 am
On April 1, Moody’s updated its Rating Methodology for Mortgage Insurers. [read post]
29 Sep 2017, 8:31 am
The CFPB found that Meridian is a title insurance agency that issues title insurance policies and provides loan settlement services in connection with residential mortgage transactions that are subject to RESPA. [read post]
17 Mar 2020, 2:19 pm
Just over a week ago, the rate for a 30-year fixed mortgage had fallen all the way to 3.13%.[7] Yet, at the end of last week, the rate jumped back up to 3.65%.[8] Then at the beginning of this week, the Federal Reserve took even more drastic steps, cutting the benchmark interest rate all the way to zero and buying $700 billion of assets, including treasury bonds and agency residential-backed mortgage securities.[9] The whip-saw effect of this health crisis—on… [read post]
22 Aug 2013, 4:02 pm
Many senators are moving to support the bill, he noted.The Housing Finance Reform and Taxpayer Protection Act, S. 1217, would 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. [read post]
6 Mar 2017, 2:12 pm
On March 1, 2017, DBRS issued a report entitled: Rating CLOs and CDOs of Large Corporate Credit. [read post]
26 Dec 2017, 6:24 am
If a DE lender approves a mortgage loan for FHA insurance and the loan later defaults, the holder of the loan may submit an insurance claim to HUD, FHA’s parent agency, for the losses resulting from the defaulted loan. [read post]
26 Jun 2014, 11:11 am
” FDIC-OIG Special Agent-in-Charge Derek Evans stated, “The Federal Deposit Insurance Corporation Office of Inspector General is committed to its partnerships with others in the law enforcement community as we address mortgage fraud cases throughout the country. [read post]
17 May 2011, 9:48 am
During the Great Depression, lawmakers created new federal agencies to refinance delinquent mortgages, insure and finance newly issued mortgages and expand federal farm credit programs. [read post]
16 Jul 2018, 5:53 pm
Among other things, HERA created a new independent federal entity—the Federal Housing Finance Agency ("FHFA")—to oversee two of the nation's largest financial companies, government-chartered mainstays of the U.S. mortgage market: the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac"). [read post]
27 Jul 2015, 12:24 pm
On July 20, DBRS published updated Canadian surveillance methodology for CDOs of large corporate credit. [read post]
