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7 Jul 2021, 12:57 pm
Fannie Mae and Freddie Mac then issued, respectively, Lender Letter 2021-02 and Bulletin 2021-24, effectuating this policy. [read post]
29 Jun 2021, 3:14 pm
The polarizing fanny pack, traditionally worn by cheesy tourists, has been elevated to a men’s “It Bag” on the runways at Prada, Fendi and Gucci. [read post]
28 Jun 2021, 8:33 pm
There are three possible futures for Fannie and Freddie. [read post]
28 Jun 2021, 8:48 am
Treasury Department on the types of loans that Fannie Mae and Freddie Mac will purchase. [read post]
25 Jun 2021, 3:34 pm
First, the shareholders claim that the FHFA transferred the value of their property rights in Fannie Mae and Freddie Mac to Treasury, and that sort of pocketbook injury is a prototypical form of injury in fact. [read post]
25 Jun 2021, 12:14 pm
On the second issue, the Fifth Circuit’s decision was upheld, maintaining the FHFA’s conservatorship of Fannie Mae and Freddie Mac. [read post]
25 Jun 2021, 5:16 am
The plaintiffs in Collins were shareholders of Fannie Mae and Freddie Mac seeking to invalidate an amendment (Third Amendment) to a preferred stock agreement between the Treasury Department and the FHFA as conservator for Fannie Mae and Freddie Mac that required the entities to pay quarterly dividends to the Treasury equal to their excess net worth after accounting for prescribed capital reserves. [read post]
24 Jun 2021, 9:38 am
The plaintiffs had also requested that any dividends paid under the new formula be returned to Fannie Mae and Freddie Mac. [read post]
24 Jun 2021, 6:55 am
“Biden Removes Chief of Housing Agency After Supreme Court Ruling; The case was brought by shareholders of Fannie Mae and Freddie Mac, who said the law that created the agency was unconstitutional”: Matthew Goldstein, Adam Liptak, and Jim Tankersley have this article in today’s edition of The New York Times. [read post]
23 Jun 2021, 11:55 am
The shareholders, Alito noted, wanted the 2012 amendment “completely undone,” and the dividends paid to Treasury returned to Fannie and Freddie. [read post]
23 Jun 2021, 8:13 am
Yellen, a case brought by Fannie Mae and Freddie Mac preferred shareholders that challenged both the constitutionality of the FHFA Director's appointment and the 2012 amendment to Treasury's stock purchase agreement with Fannie and Freddie that provided for all of Fannie and Freddie's profits to be swept into Treasury. [read post]
11 May 2021, 10:51 am
Mccord, 70, Oklahoma City, Oklahoma pleaded guilty yesterday to defrauding two locally-based banks, Fannie Mae, and others through a broad range of fraudulent conduct over the course of three years. [read post]
8 May 2021, 3:00 pm
In 2019, about 48% of all Fannie/Freddie and Ginnie Mae mortgage loans were serviced by nonbanks. [read post]
6 May 2021, 11:04 am
” Wertheimer was confirmed in 2014 as the IG of FHFA, which oversees mortgage finance giants Fannie Mae and Freddie Mac. [read post]
6 May 2021, 11:04 am
” Wertheimer was confirmed in 2014 as the IG of FHFA, which oversees mortgage finance giants Fannie Mae and Freddie Mac. [read post]
5 May 2021, 10:54 am
This newsletter is about legal issues related to investing in Fannie Mae and Freddie Mac bonds. [read post]
28 Apr 2021, 11:53 am
In January 2021 the Preferred Stock Purchase Agreements (PSPAs) regarding Fannie Mae and Freddie Mac were amended. [read post]
15 Apr 2021, 1:21 pm
Wells, Mary McLeod Bethune, Diane Nash, Fannie Lous Hamer, and Constance Baker Motley. [read post]
12 Apr 2021, 10:56 am
., FHA, VA, Fannie Mae, or Freddie Mac); Sending certain important communications to borrowers by FedEx, UPS, or other weighted mail options, to help encourage borrowers to open mail that they may otherwise discard as a routine communication; and Providing information in multiple languages to better assist Limited English Proficient borrowers. [read post]
9 Apr 2021, 10:01 am
M&T Bank 20-908Issues: (1) Whether the Federal Housing Finance Authority’s structure violates separation of powers and, if so, whether its conservatorship of Fannie Mae and Freddie Mac must be set aside; and (2) whether quiet title actions by FHFA, asserting that a state law foreclosure failed to extinguish the agency’s property interests, are contract claims for purposes of 12 U.S.C. [read post]
