Taylor Bean Suspended From FHA Lending
This is no surprise. These guys were horrible to deal with and they’ve treated customers terribly. TBW is going down… Colonial Bank looks to be next along with Guaranty Bank. We’ll be on top of it for...
View ArticleMoody’s Says US May Wind Down Fannie, Freddie
“Two giant players in the US mortgage finance market share a ‘bleak’ near- to immediate-term outlook as losses continue to mount, according to Moody’s Investors Service.”
View ArticleU.S. Considers Remaking Mortgage Giants
“The Obama administration is considering an overhaul of Fannie Mae and Freddie Mac that would strip the mortgage finance giants of hundreds of billions of dollars in troubled loans and create a new...
View ArticleMortgage Giants’ Revamp Disputed
The White House on Thursday played down internal discussions of creating a government-backed “bad bank” to take hundreds of billions of dollars in troubled loans off the books of mortgage-finance...
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Fannie Mae seeks $15.3 billion more in aid
Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year. Fannie Mae –...
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What Do Those Losses at Fannie and Freddie Mean?
Editor’s Note: While the courts hear arguments and decide this way and that about standing and real party in interest, the elephant in the living room is that we have highly publicized reports of...
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Civil Beat Reporter in Hawaii Interviews Mandelman on Fannie Mae Decision to...
Civil Beat’s Robert Brown interviews Sen. Baker, Rep. Herkes, FACE’s Kim Harmon… AND ME! Fannie Mae Skirts Landmark Hawaii Foreclosure Law By Robert Brown 6/15/2011 Mortgage giant Fannie Mae has found...
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Fannie Mae asks for another $5.1 billion in bailout cash
More taxpayer gruel. Today brings more great news from the bailout. Fannie Mae, which has already eaten over $100 billion of taxpayer money after being absorbed by the federal government in 2008,...
View ArticlePONZI | Fannie Mae Seeks $5.1 bln More from US Taxpayers
Fannie Mae seeks $5.1 bln more from US taxpayers By David Lawder WASHINGTON, Aug 5 (Reuters) — Mortgage finance giant Fannie Mae (FNMA.OB) said it would ask for an additional $5.1 billion from...
View ArticlePONZI PART DEUX | Freddie Mac Seeks $1.5 Billion from Taxpayers
Freddie Mac seeks $1.5 billion from taxpayers (Reuters) — Mortgage finance giant Freddie Mac FMCC.OB said on Monday it would need to ask for an additional $1.5 billion from taxpayers due to losses...
View ArticleDexia v. Bear Stearns |“Egregious Fraud” Dexia Sues JPMorgan Over $1.7...
Dexia Sues JPMorgan Over $1.7 Billion in Mortgage Securities JPMorgan Chase & Co., the biggest U.S. bank by assets, was sued over mortgage-backed securities sold to Dexia SA (DEXB) because the...
View ArticleReport Criticizes Housing Regulator on Mortgage Servicing
Report Criticizes Housing Regulator on Mortgage Servicing A federal housing regulator hasn’t done enough to oversee mortgage-servicing companies used by Fannie Mae and Freddie Mac to collect payments...
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