Search for: "In re: Fannie Mae 2008 Securities Litigation" Results 1 - 20 of 30
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19 Aug 2022, 3:40 pm by Kalvis Golde
In 2008, with the housing market collapsing, the federal government placed the two companies that handled the vast majority of Americans’ mortgages, Fannie Mae and Freddie Mac, under control of a new federal agency and lent them enough money to stay afloat. [read post]
11 Aug 2015, 3:57 am by Editors
” Read: Fannie Mae GC: The Law Firm Profit Structure Is Broken at Bloomberg BNA Business of Law The post Fannie Mae GC: The Law Firm Profit Structure Is Broken appeared on InhouseBlog.com. [read post]
2 Jan 2009, 9:47 am
As I noted here, and as a result of the dramatic events in the financial markets during September and October 2008, a number of companies outside the financial sector were hit with credit crisis-related lawsuits, particularly those with exposure to Lehman Brothers, Fannie Mae and Freddie Mac, or those that made wrong-way bets on currencies or commodities. [read post]
22 Sep 2010, 10:14 am by Christine Hurt
  Countrywide sold some mortgages to government sponsered entities (Fannie Mae, etc.), securitized many of them, and held some of them. [read post]
5 Apr 2009, 1:26 pm
In September 2008, the government takeover of mortgage giants Fannie Mae and Freddie Mac was followed by the collapse of Lehman Brothers, the acquisition of Merrill Lynch by Bank of America and an $85 billion (and now $170 billion) government investment in American International Group. [read post]
10 Jan 2011, 12:14 am by Kevin LaCroix
Among other cases that have survived are those involving Citigroup (refer here), AIG (here), Countrywide (here), Fannie Mae (here), Washington Mutual (here), New Century Financial (here), Sallie Mae (here) and Bank of America (here). [read post]
15 Jul 2008, 2:39 pm
Fair Funds have also been created in proceedings against Fannie Mae ($350 million), Tyco ($50 million), and from mutual fund companies and third party institutions that engaged in "market timing" of those funds' shares (over $1 billion). [read post]
25 Jan 2011, 12:15 am by Kevin LaCroix
  In any event, the Bear Stearns case joins the growing list of high-profile subprime meltdown and credit crisis cases in which the dismissal motions have been denied, including Citigroup (refer here), AIG (here), Countrywide (here), Fannie Mae (here), Washington Mutual (here), New Century Financial (here), Sallie Mae (here) and Bank of America (here). [read post]
25 Feb 2009, 8:00 am
In a rare Court of Appeals decision, In re Fannie Mae Securities Litigation, 552 F.3d 814 (D.C. [read post]
24 Sep 2008, 8:55 pm
  The FBI is now investing not only Fannie Mae and Freddie Mac, but also Lehman Brothers and AIG for "misstatements. [read post]
6 Jul 2009, 3:36 am
    The National Bank of Commerce, an Illinois bank that closed earlier this year, was forced to close after writing down its investments in the securities of Fannie Mae and Freddie Mac, which left the bank in a negative capital position. [read post]
21 May 2015, 11:05 am by Wells Bennett
One last musing here (if you’re eager for more, please get yourself the book!) [read post]
26 Jan 2009, 1:54 am
The Cornerstone Research Report on the 2008 securities litigation activity specifically observed that "five of the 25 banks that failed in 2008 were named in federal securities class actions filed in 2008," even though "only 11 of the 25 banks that failed were publicly traded. [read post]
25 Feb 2015, 12:50 am by Kevin LaCroix
   Why Federal Courts Disagree on State Court Jurisdiction Over 1933 Act Class Actions: Congress passed the PSLRA in 1995 to curb “perceived abuses of the class-action vehicle in litigation involving nationally traded securities. [read post]
30 Sep 2010, 8:11 am by admin
  Leading the charge to make originators repurchase their loans are Fannie Mae and Freddie Mac, the two government-owned finance agencies that guaranteed the mortgages. [read post]
15 Sep 2010, 7:27 pm by Kevin Funnell
They're being  backed up by buyers and insurers of mortgage-backed securities that are collateralized by residential mortgage loans. [read post]
3 Oct 2010, 7:59 pm by Kevin Funnell
A reserve of $1.7 billion is much less than the $23.9 billion Compass Point Research and Trading estimated form the Wall Street Journal as JPM”s potential liability to the Federal Home Loan Banks alone, not including claims by Fannie Mae and Freddie Mac. [read post]
13 Jan 2021, 7:21 am by Patrick McDonnell
Front and center were the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). [read post]