Search for: "FANNIE MAE AS TRUSTEE FOR SECURITIZED TRUST"
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12 Nov 2008, 2:37 am
That appears to be the position of the plaintiffs’ attorneys who, according to their November 10, 2008 press release (here), have filed a class action against Fannie Mae under ERISA on behalf of Fannie Mae employees who participated in the Fannie Mae ESOP between April 17, 2007 and the present and whose accounts included Fannie Mae common stock. [read post]
3 Sep 2011, 3:06 am
HERE’S THE BOTTOM-LINE… You must attack the secured status of the Trustee of residential mortgage backed securitized trusts and you must challenge the mortgage servicer’s standing to foreclose. [read post]
12 Mar 2020, 3:06 pm
Even as the aggregators were attempting to resolve those suits and threatened actions, they began getting hit with claims by trustees that managed the residential mortgage-backed securitization trusts established by the aggregators/sponsors and by the monoline insurers that “wrapped” some of the trusts. [read post]
22 Jun 2011, 1:56 pm
Citibank then filed an amended motion for relief from the stay claiming that it was the successor trustee for the holders of MASTR Adjustable Mortgage Trust 2007-HF2 arising from a securitization transaction. [read post]
27 Aug 2010, 11:07 am
Securitization got its start in the 1970s, when home mortgages were pooled by U.S. government-backed agencies, Fannie Mae, Freddie Mac, Ginnie Mae, and Sallie Mae. [read post]
21 Mar 2011, 6:59 pm
It has been reported that banks now hold only 15% of the nation's home mortgages, and that the remainder are now owned by Freddie Mac, Fannie Mae and numerous securitized trusts. [read post]
12 Sep 2013, 12:58 pm
On August 7, Wells Fargo Bank, Deutsche Bank National Trust Company, and Deutsche Bank Trust Company Americas, "as trustees for hundreds of residential mortgage-backed securitization . . . trusts" filed a federal lawsuit in the Northern District of California against the City of Richmond and Mortgage Resolution Partners. [read post]
14 Dec 2011, 2:46 pm
Understanding the requirements imposed by Fannie Mae and Freddie Mac (the Enterprises) or the U.S. [read post]
14 Jan 2013, 10:27 am
Fannie Mae — which has now come full circle from very limited judicial oversight of foreclosures to a much stricter legal environment for lenders. [read post]
13 Jan 2012, 10:36 am
As a way to cut the cost of recording fees, and deal with the wildly different standards of the various county recording offices, Fannie Mae and Freddie Mac formed a national entity called MERS. [read post]
26 Oct 2011, 7:02 am
Attack the secured status of the Trustee of Residential Mortgage backed securitized trusts; or Attack what servicers have done with the Debtor’s money. [read post]
24 Mar 2009, 10:40 am
Receivables must have been generated by Fannie Mae- or Freddie Mac-approved residential mortgage loan servicers on or after January 1, 2007. [read post]
15 Jun 2011, 1:25 am
In some cases where trusts moved to seize borrowers’ homes, judges have determined the trusts lacked legal standing due to faulty documentation. [read post]
12 Sep 2013, 11:58 am
On August 7, Wells Fargo Bank, Deutsche Bank National Trust Company, and Deutsche Bank Trust Company Americas, “as trustees for hundreds of residential mortgage-backed securitization . . . trusts” filed a federal lawsuit in the Northern District of California against the City of Richmond and Mortgage Resolution Partners. [read post]
10 Oct 2010, 8:11 am
Representatives Alan Grayson (D-FL), Barney Frank (D- MA) and Corrine Brown (D-FL) sent a letter dated September 24th, to Fannie Mae questioning the failed GSE’s use of “foreclosure mills,” which the letter described as “law firms representing lenders that specialize in speeding up the foreclose process, often without regard to process, substance or legal propriety. [read post]
18 Mar 2011, 6:58 pm
That is different from the current U.S. mortgage system, where lenders sell many of the loans they make to Fannie Mae and Freddie Mac, which then repackage them as securities for investors. [read post]
18 Nov 2011, 2:52 pm
If you’re skeptical, just consider the issue that actually motivates people to action… executive bonuses… just about anywhere, like most recently at Fannie Mae and Freddie Mac. [read post]
3 May 2010, 11:50 pm
Fannie Mae, because of it received financial support from the federal government, borrowed money from foreign investors at very low rates. [read post]
27 Mar 2012, 8:12 am
Servicing costs, trustee fees, legal fees, insurance, taxes, etc. [read post]
14 Nov 2011, 9:06 am
Cartoon by Steve Grenberg How the foreclosure crisis impacts our country’s standard of living from this point forward will all come down to how we handle ONE thing. [read post]
