Search for: "National Mortgage Association"
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28 Jun 2016, 5:04 pm
Cendant Mortgage Company [SCOTUSblog backgrounder], the Court is asked to determine whether the “sue or be sued” provision of the Federal National Mortgage Association's (“Fannie Mae”) [official website] federal charter confers original jurisdiction to federal courts in all cases involving Fannie Mae. [read post]
20 Jun 2016, 3:05 pm
In a putative class action alleging failure to timely record satisfactions of mortgages, the Supreme Court of Ohio recently held that a cease-and-desist order issued by the Federal Housing Finance Agency (FHFA) to Federal National Mortgage Association (Fannie Mae) did not preclude the trial court from exercising jurisdiction under the federal statute governing judicial review […]Mickey J. [read post]
1 Apr 2010, 11:17 am
The National Law Journal this morning observed the American Bar Association and Federal Trade Commission "tangling again" --this time, over regulations aimed at mortgage fraud. [read post]
24 Aug 2006, 11:44 am
[JURIST] Government-sponsored mortgage dealer Fannie Mae [Federal National Mortgage Association website] announced Thursday that the US Department of Justice (DOJ) has discontinued its two-year investigation [press release] into alleged accounting violations, though criminal prosecutions could still be brought against individual employees. [read post]
14 Aug 2008, 10:05 pm
The provision, which comes in the form of a “Final Rule,” was supported by the Appraisal Institute, American Society of Appraisers, American Society of Farm Managers and Rural Appraisers and the National Association of Independent Fee Appraisers. [read post]
4 Apr 2017, 1:46 pm
The nation’s largest professional association of real estate appraisers today urged Congress to protect the independence of real estate appraisers in the federal program that provides housing loans to military veterans. [read post]
31 Jan 2017, 3:58 am
The US Court of Appeals for the Federal Circuit [official website] ruled [order, PDF] Monday that the federal government, which took control of the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) [official websites], may withhold certain documents sought in a suit filed by shareholders. [read post]
26 Nov 2016, 7:30 am
The Federal Communications Commission recently denied the national Mortgage Bankers Association’s petition for exemption from the “prior express consent” requirement of the Telephone Consumer Protection Act for certain mortgage servicing calls and texts. [read post]
29 Sep 2007, 4:34 pm
Nationally, subprime loans make up only 14% of all mortgages, and the national foreclosure rate on subprime mortgages at the end of 2006 was approximately 14.3%. [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]
24 Mar 2010, 5:30 am
Bank National Association v. [read post]
14 Oct 2014, 8:15 am
Morgan Chase Bank, GMAC Mortgage, LLC, and National City Bank. [read post]
24 Feb 2015, 11:28 am
She is a member of the State Bar of Michigan, the Federal Bar Association, the Oakland County Bar Association, the American Bankruptcy Institute, and the National Association of [...] [read post]
22 Jun 2012, 11:25 am
Those affecting associations are: Upon completion of a foreclosure sale, mortgagees must notify the association of the mortgagee’s interest in the property and, prior to conveyance to HUD, the assessments not extinguished by the foreclosure (i.e. the super lien). [read post]
24 Dec 2012, 9:51 am
It’s a good deal for banks: as Forbes points out, the National Association of Realtors finds that last month, short sales mean a 16% discount on the mortgage balances for banks, while foreclosures represent a 20% discount. [read post]
26 Jul 2011, 4:29 pm
The National Credit Union Administration has filed a $629 million securities fraud lawsuit against RBS Securities, Wachovia Mortgage Loan Trust LLC, Nomura Home Equity Loan Inc., Greenwich Capital Acceptance Inc., Lares Asset Securitization Inc., IndyMac MBS Inc., and American Home Mortgage Assets LLC. [read post]
3 May 2012, 4:00 am
Although the American Bankers Association and the Mortgage Bankers Association had each sent comment letters to the Fed in July 2011 urging adoption of the safe harbor alternative, the ABA and the MBA, along with 21 other trade groups and housing industry organizations, reiterated their views in a letter sent to Director Cordray on April 27, 2012. [read post]
11 Nov 2013, 12:42 pm
Bank National Association, acting in its capacity as trustee for Citigroup Mortgage Loan Trust 2007-AHL2, filed a lawsuit in the Supreme Court for the State of New York against Citigroup Global Markets Realty Corp. [read post]
17 Apr 2009, 5:33 am
More specifically, in the Land Court case of, US Bank National Association v. [read post]
11 Feb 2011, 3:10 pm
Indeed, economists (i.e., except, perhaps, those working for the National Association of Realtors or the National Association of Home Builders) have found that it does not raise rates of homeownership (just ownership of bigger, more expensive homes). [read post]
