Search for: "Federal National Loan Mortgage"
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31 Dec 2009, 6:21 pm
Well, we can summarize four type of owners of mortgage notes: -the originator (the rarest of cases), -a securitized trust (known as a REMIC), -Fannie Mae (Federal National Mortgage Association) -or Freddie Mac (Federal Home Loan Mortgage Corporation). [read post]
29 Mar 2010, 8:52 am
More than half of borrowers who received loan modifications on delinquent mortgages default again within nine months, according to a new federal report published by Bloomberg News. [read post]
20 Jul 2012, 1:21 pm
Second Federal Savings and Loan Association of Chicago is the 38th FDIC-insured institution to fail in the nation this year, and the fifth in Chicago. [read post]
20 Feb 2015, 7:30 am
Nationally, 9.8 % of federal cases involved fraud, and in Florida 18.2 % of the cases involve fraud, which is double. [read post]
6 Jan 2022, 7:55 am
The list includes laws related to mortgage servicing, debt collection, bankruptcy, student loans, and medical debt. [read post]
16 Dec 2011, 11:57 am
On Friday, December 16, 2011, the SEC announced that it had entered into non-prosecution agreements with the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac") and filed charges against six of their former executives for securities fraud, alleging that "they knew and approved of misleading statements claiming the companies had minimal holdings of higher-risk… [read post]
3 Feb 2010, 3:00 am
The loan was a Federal Housing Administration (“FHA”) loan governed by FHA regulations. [read post]
19 Feb 2013, 12:07 pm
The first mortgage is part of the home loan purchase. [read post]
30 Apr 2009, 4:41 pm
" The bill would ensure that mortgage lenders make loans that benefit the consumer and prohibit them from steering borrowers into higher cost loans. [read post]
13 Feb 2014, 1:36 pm
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]
10 Apr 2020, 8:30 am
Not all home mortgages are covered Only home loans that are made, owned or backed by an arm of the federal government are covered. [read post]
16 Apr 2012, 10:17 am
” The settlement of this major mortgage fraud case requires that servicers provide a minimum of $20 billion in benefits directly to borrowers through a series of national homeowner relief effort options, and pay $5 billion to the states and federal government ($4.25 billion to the states and $750 million to the federal government). [read post]
14 Jan 2013, 8:22 am
Bank of America announced on January 7 that it would pay $3.6 billion to Federal National Mortgage Association (Fannie Mae) and repurchase for $6.75 billion certain residential mortgage loans sold to Fannie Mae. [read post]
18 Mar 2011, 10:19 am
Legislation reforming the government sponsored enterprises, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), has been introduced by House Financial Services Committee Chairman Spencer Bachus (R-Ala) and Vice Chairman Jeb Hensarling (R-TX). [read post]
19 Jun 2008, 8:01 am
I touched on it in my earlier post here when I talked about the mortgage fraud seminar I attended a few months ago.67 from Chicago area charged in U.S. mortgage fraud probeBy Jeff Coen and Todd Lighty | Tribune reporters 1:37 PM CDT, June 19, 2008 Federal authorities in Chicago this afternoon announced charges against 67 people in a sweeping investigation of mortgage fraud with national reach.The U.S. attorney's office in Chicago said the… [read post]
29 Sep 2011, 9:14 pm
WASHINGTON — The performance of first-lien mortgages serviced by large national banks and federal savings associations declined slightly during the second quarter of 2011, according to a report released today by the Office of the Comptroller of the Currency (OCC). [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]
30 Oct 2017, 12:14 pm
Information in the Mortgage Performance Trends tool comes from the National Mortgage Database, which the CFPB and the Federal Housing Finance Agency launched in 2012. [read post]
9 Jun 2010, 12:00 pm
(also known as: UCA); Bankruptcy Masters Corp.; National Bankruptcy Services Corp.; Federal Debt Solutions Ltd.; and United Money Tree Inc. [read post]
16 Dec 2011, 4:05 pm
The Securities and Exchange Commission has charged six ex-executives of the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) with securities fraud. [read post]
