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21 Nov 2012, 8:52 am
Additionally, Fannie Mae and Freddie Mac have issued significant new policies streamlining the process for short sales, through which underwater borrowers can sell their home for less than what they owe on their mortgages. [read post]
19 Nov 2012, 6:04 am
FHFA’s claims are based on alleged purchases by Fannie Mae and Freddie Mac of residential mortgage-backed securities from these banks. [read post]
18 Nov 2012, 4:24 pm
The FHA is not like Fannie or Freddie, which were only quasi-government agencies… which at this point is just stupid, so we don’t need to waste time thinking about it now. [read post]
13 Nov 2012, 11:19 am
Banks Bank of America Short Sale Program Chase Short Sale Program CitiMortgage Program Wells Fargo Short Sale Program Federal Agencies HAFA – Fannie Mae Short Sales Program HAFA – Freddie Mac Short Sales Program HAFA – Non – GSE Short Sales Program (Memo Extending to December 31, 2013) Larry Tolchinsky’s Tip: This list isn’t written in stone. [read post]
12 Nov 2012, 9:30 pm
The new agency would replace Fannie Mae and Freddie Mac, the two mortgage finance entities linked to the housing crisis. [read post]
5 Nov 2012, 2:21 pm
Freddie Mac then bought the property at the sheriff’s sale. [read post]
5 Nov 2012, 8:02 am
If your loan is not owned by Fannie Mae, use this link to see if Freddie Mac owns your loan. [read post]
2 Nov 2012, 4:59 pm
Financial Fraud Enforcement Task Force Freddie Mac Loan Look-Up Tool – Find out if Freddie Mac owns your loan here. [read post]
2 Nov 2012, 7:14 am
Freddie Cruz stated "His actions were, I mean, so aggressive, choking her, ripping her clothes off, and fondling her and he also attempted to penetrate her." [read post]
1 Nov 2012, 5:56 pm
The Federal Housing Finance Agency (FHFA) recently announced that Fannie May and Freddie Mac are issuing new, clear guidelines to their mortgage servicers that will align and consolidate existing short sales programs into one standard short sale program. [read post]
1 Nov 2012, 9:02 am
If a loan defaults, Freddie and Fannie guarantee payment to investors. [read post]
31 Oct 2012, 10:14 am
Financial Fraud Enforcement Task Force Freddie Mac Loan Look-Up Tool – Find out if Freddie Mac owns your loan here. [read post]
31 Oct 2012, 7:37 am
This case is about the way in which both Bank of America and subsidiary Countrywide systematically skirted regulatory control over mortgage loans backed by government housing agencies Fannie Mae and Freddie Mac. [read post]
31 Oct 2012, 5:00 am
As with Freddie or Jason, we might not have seen the last of this nasty apparition. [read post]
30 Oct 2012, 2:13 pm
Banks want their money; we’ve just written about how Fannie Mae and Freddie Mac just this month announced a new level of pressure the federal government will be exerting: and that pressure is specifically to collect deficiencies on strategic defaults. [read post]
30 Oct 2012, 12:44 pm
The bank then took those subpar loans and sold them to Fannie Mae and Freddie Mac, the federal government’s beleaguered mortgage associations, all the while promising that the loans were in fact meeting their topnotch, high quality standards. [read post]
30 Oct 2012, 11:02 am
The government contends that material information was hidden from Fannie Mae and Freddie Mac, with the end result being more than $1 billion in losses suffered by American taxpayers. [read post]
29 Oct 2012, 10:32 am
On October 24, the United States Attorney’s Office for the Southern District of New York (SDNY) filed a $1 billion civil mortgage fraud lawsuit against a mortgage lender and a major financial institution in connection with loans sold to the government-sponsored enterprises (GSEs), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). [read post]
29 Oct 2012, 8:17 am
., alleging that its Countrywide Financial Corp. unit misrepresented the quality of home loans they sold to mortgage-finance firms Fannie Mae and Freddie Mac, is a new take on an old law. [read post]
29 Oct 2012, 1:03 am
One likely defense available to BofA relates to the timing of the alleged false claims: the immediate victims of Countrywide’s alleged misconduct were the private corporations originally incorporated by the government, Fannie Mae and Freddie Mac, whose subsequent federal takeover constituted taxpayer-funded bailouts. [read post]
