Search for: "Federal Home Mortgage Corporation"
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15 Oct 2019, 6:31 am
Treasury Department estimates that the HMID will reduce federal revenue by $597.6 billion from 2019-2028. [read post]
2 Nov 2011, 5:22 am
[JURIST] The US government on Tuesday filed a lawsuit in the US District Court for the Southern District of New York (SDNY) [official website] alleging that Allied Home Mortgage Capital Corporation (Allied) [corporate website] and two of its top executives misled the government into believing that its loan qualified for federal insurance. [read post]
30 Apr 2009, 9:42 am
Authored by the Alliance for Home Builder Justice, a project of the Laborers' International Union of North America, "Cruel Hope: The Abusive Practices of Corporate Homebuilders and Their Mortgage Subsidiaries in California" says home builders steered buyers toward lenders that the builders either owned or were affiliated with. [read post]
14 Nov 2008, 8:30 pm
According to Sheila Bair, head of the Federal Deposit Insurance Corporation (the regulator of most of the nation's banks), this policy only addresses the tip of the foreclosure iceberg. [read post]
4 Nov 2011, 2:05 pm
The lawsuit in United States District Court in Manhattan sought unspecified damages and civil penalties and named as defendants Allied Home Mortgage Corporation; its founder, Jim Hodge; and Jeanne Stell, the company’s executive vice president and director of compliance. [read post]
15 Dec 2020, 11:55 am
The post Mortgage Company Agrees to Pay $24.9 Million to Settle Fraud Allegations Related to Federal Mortgage Insurance appeared first on Tycko & Zavareei LLP. [read post]
3 Jul 2014, 4:17 pm
FHFA Actions to Manage Enterprise Risks from Nonbank Servicers Specializing in Troubled Mortgages (AUD-2014-014) - 07/01/2014 “Banks that traditionally service mortgage loans backed by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (the Enterprises) have been selling the rights to service troubled loans (e.g., delinquent or in default) in bulk… [read post]
22 Apr 2009, 9:01 am
The mortgage was provided by IndyMac bank, which was later taken over by the Federal Deposit Insurance Corporation. [read post]
3 Feb 2010, 3:00 am
PHH Mortgage Corporation, Judge Williams refused to dismiss Ms. [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]
11 Oct 2007, 1:07 pm
More information from the Atlanta Journal - Beazer Homes USA, the troubled Atlanta-based homebuilder, said Thursday that a five-month internal investigation found evidence that employees violated federal regulations governing its mortgage loan business "dating back to at least 2000. [read post]
20 Aug 2011, 5:09 am
Bank, and Wells Fargo & Company, and wholesale mortgage lenders, including New Century Mortgage Corporation and Ocwen Financial Corporation. [read post]
2 Feb 2018, 12:59 am
H.R. 1694 would make the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) subject to FOIA. [read post]
9 Jan 2015, 9:19 am
This scheme resulted in losses to mortgage lenders, including The Federal National Mortgage Association (Fannie Mae) and The Federal Home Loan Mortgage Corporation (Freddie Mac). [read post]
26 Jul 2011, 4:29 pm
The NCUA is accusing the financial firms of underwriting and selling subpar mortgage-backed securities, which caused Western Corporate Federal Credit Union to file for bankruptcy, as well as of allegedly violating state and federal securities laws. [read post]
1 Feb 2008, 6:42 am
The nickname of Freddie Mac belongs to the Federal Home Loan Mortgage Corporation. [read post]
23 Apr 2009, 2:41 am
The Federal …Read More... [read post]
16 Dec 2011, 8:24 am
The SEC charged six former top executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) with securities fraud, alleging they knew and approved of misleading statements claiming the companies had minimal... [read post]
18 Jul 2008, 10:10 pm
News release: "The Securities and Exchange Commission today announced that the Federal Home Loan Mortgage Corporation (Freddie Mac) has voluntarily... [read post]
21 Nov 2011, 1:15 pm
Sues Allied Home Mortgage Over Lending Practices (nytimes.com) Feds sue Allied Home Mortgage and founder for fraud (usatoday.com) NYC U.S. [read post]
