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25 Sep 2011, 6:14 am
A new bill has been introduced into Congress that would allow Fannie Mae, Freddie Mac and other banks to rent these home for up to 5 years to the existing occupants or new tenants. [read post]
24 Sep 2011, 10:53 am
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]
23 Sep 2011, 6:21 pm
Listen… I don’t mind telling you that I’m starting to freak out over here. [read post]
23 Sep 2011, 3:11 pm
An alternate theory is that the inaction is related to reports that the SEC is winding down its investigations of Fannie & Freddie the NY Times reported that Fannie settlement talks were underway and fraud charges would likely be dismissed. [read post]
23 Sep 2011, 6:21 am
The reports address staff shortages and risk controls at the agency and at mortgage giants Fannie Mae and Freddie Mac. [read post]
22 Sep 2011, 5:00 am
The last book banned in the United States was John Cleland’s 1749 novel, Fanny Hill (or Memoirs of a Woman of Pleasure). [read post]
21 Sep 2011, 7:48 pm
According to BofA, the ultimate buyer of those servicing rights from Fannie Mae (Fannie Mae doesn't service loans itself) is an entity with "loss exposure" on the loans. [read post]
21 Sep 2011, 6:48 am
The borrower may not cash takeout proceeds at the refinancing, as explained clearly in Fannie Mae’s FAQs: Fannie Mae does not limit the amount of curtailment made for amounts in excess of the $250 cash back to the borrower. [read post]
21 Sep 2011, 6:23 am
The trial judge agreed and Fannie Mae appealed to the Appeals Court. [read post]
20 Sep 2011, 9:03 pm
As a classy modern spin on traditional headphones, Fanny Wang’s are intended for the fashion forward. [read post]
19 Sep 2011, 7:59 pm
The fact that Quinn Emanuel represents giants like Fannie and Freddie indicates that it has definitely barked up the right tree. [read post]
19 Sep 2011, 9:48 am
(including Bank of America, Wells Fargo, Chase, Fannie Mae and Freddie Mac) have yet to change their scoring techniques. [read post]
19 Sep 2011, 6:30 am
Bank of America says that Fannie Mae, as the owner of the loan, is the entity that denied the modification. [read post]
18 Sep 2011, 5:21 pm
Fannie Mae and Freddie Mac were formed as quasi-governmental institutions to help encourage mortgages in the residential housing market because of a belief that the private sector was not providing enough mortgages, especially to lower income families. [read post]
18 Sep 2011, 4:29 pm
The deregulation of the banking industry, which had begun under President Carter and been completed during Clinton’s second term, coupled with extraordinarily lax regulation of the nonbank banks (such as Goldman Sachs, Merrill Lynch, and Lehman Brothers) by the Securities and Exchange Commission (which had the principal regulatory authority over the nonbank banks) under the last chairman appointed by Bush, lax regulation of insurance companies (such as AIG) by state insurance commissioners,… [read post]
16 Sep 2011, 1:44 pm
When FOX News host Sean Hannity asked Palin if campaign contributions to then-Senator Obama and other Members of Congress caused lax Congressional oversight over mortgage giants Fannie Mae and Freddie Mac, Palin replied that “even more significant [than contributions] is the role that the lobbyists play in an issue like this…. [read post]
15 Sep 2011, 12:59 pm
Summary: The author of the article interviewed Doug Duncan, the chief economist for Fannie Mae; David Merriman, an economics professor and associate director of the Institute of Government Public Affairs at the University of Illinois at Chicago; and Tracy Turner, economics professor at Kansas State University. [read post]
15 Sep 2011, 9:25 am
Close to a third of the 800,000 repossessed homes in this country are owned by the government as the result of Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) loans gone bad. [read post]
15 Sep 2011, 8:44 am
Today, the Federal Securities Law Blog takes a look back at the last 30 days in the world of securities-related litigation in a regular feature which appears on approximately the 15th of each month. [read post]
13 Sep 2011, 9:45 am
., discusses the lawsuit between Fannie Mae and Freddie Mac and 17 major banks and the arguments on either side, the Nevada Homestead Act, refinancing home loans and modification options, consumer rights under the Debt Collections Practices Act, loan ownership investigations, deed in lieu programs and the effects of a short sale vs. foreclosure. [read post]
