Search for: "Federal Home Loan Mortgage Corporation ("Freddie Mac")"
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9 Dec 2020, 3:00 am
Background The Federal National Mortgage Association, also known by the nickname Fannie Mae, and the Federal Home Loan Mortgage Corporation, known as Freddie Mac, are publicly traded companies created by Congress with private shareholders. [read post]
24 Mar 2020, 9:04 am
In addition, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, more commonly known as Fannie Mae and Freddie Mac, respectively, have instituted moratoriums on foreclosures, as well as forbearance options for those affected by the coronavirus pandemic. [read post]
25 Sep 2008, 3:02 am
Lately, there's been whining and sniveling from some corners of the commercial banking sector about the write down of Freddie Mac and Fannie Mae preferred stock as a result of the federal takeover of those political contribution ATMs stalwarts of home mortgage finance. [read post]
1 Apr 2008, 7:26 am
Fannie Mae and Freddie Mac, the two mortgage giants, have undergone many changes in the past few months. [read post]
19 Jul 2008, 2:30 pm
Senate Version of Bill Reforming Fannie Mae and Freddie Mac Drops Sarbanes-Oxley Corporate Governance Provisions; Adds SEC Chair to Oversight BoardActing on a broad consensus that government sponsored enterprises need a strong well-funded federal regulator, the massive housing bill (HR 3221) would overhaul the regulatory oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. [read post]
19 Sep 2020, 8:02 am
While the CARES Act made forbearance on federally backed mortgages available for the asking. [read post]
6 Apr 2020, 10:37 am
Further, the Federal Housing Finance Agency (“FHFA”) announced a similar policy on March 18. 2020, directing Fannie Mae and Freddie Mac to suspend mortgage and eviction proceedings for at least 60 days. [read post]
12 Jul 2008, 10:36 pm
Second, it deals with the Federal Home Loan System, which was seen as less in need of drastic change.With regard to Fannie Mae and Freddie Mac, the bill establishes an independent regulator and makes the GSEs function more like private corporations. [read post]
12 Jun 2011, 3:10 pm
True, the lower the interest rates that Fannie and Freddie paid to borrow money, the riskier the mortgage loans they would agree to underwrite by buying or guaranteeing the loans, but home ownership is not promoted in any meaningful sense by the granting of mortgages to people likely to default. [read post]
25 Oct 2012, 10:09 am
The Government’s Complaint seeks damages and civil penalties under the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”) for engaging in a scheme to defraud the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”). [read post]
21 Feb 2017, 1:58 pm
That downturn pushed two central players in the United States’ housing mortgage market—the Federal National Mortgage Association (“Fannie Mae” or “Fannie”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac” or “Freddie”) — to the brink of collapse. [read post]
16 Apr 2007, 3:24 am
Freddie Mac: Federal Home Loan Mortgage Corporation (FHLM); a federally-chartered corporation that purchases residential mortgages, securitizes them, and sells them to investors; this provides lenders with funds for new homebuyers. [read post]
5 Apr 2011, 2:06 am
Freddie Mac: On March 30, 2011, Southern District of New York Judge John Keenan granted without prejudice the defendants’ motion to dismiss in the Federal Home Loan Mortgage Corp. [read post]
22 Aug 2014, 1:34 am
The bank has also conceded that it originated risky mortgage loans and made misrepresentations about the quality of those loans to Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA). [read post]
27 Nov 2013, 8:02 am
The Hosbrook’s defrauded Wells Fargo Bank and the Federal Home Loan Mortgage Corporation by falsely representing that the short sale was due to personal hardship, that the transaction was an arm’s length transaction, that the sellers and buyers were not family members, and that the seller would not remain in the property subsequent to the sale. [read post]
25 Aug 2012, 4:24 pm
“Meanwhile, salaried employees at Fannie Mae and Freddy Mac (FMCC) will apparently be sued for doing what their boss, Congress, told them to do. [read post]
21 Mar 2009, 3:01 pm
Fannie Mae and Freddie Mac purchase mortgage loans in the secondary market and set there own guidelines. [read post]
8 Oct 2008, 2:16 pm
Over time there will be defaults and foreclosures, and procedure (much like those used by FNMA and Freddy Mac) will need to be developed to deal with them. 4. [read post]
5 Aug 2008, 11:34 pm
Establishes a permanent Housing Trust Fund to be funded by annual contributions made by Fannie Mae and Freddie Mac. [read post]
16 Jul 2018, 5:53 pm
Among other things, HERA created a new independent federal entity—the Federal Housing Finance Agency ("FHFA")—to oversee two of the nation's largest financial companies, government-chartered mainstays of the U.S. mortgage market: the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie… [read post]
