. . . Fannie Mae Settles Securities Fraud Class Action Piggybankblog posted on 05/09/13 Cross linked with typepad.com A sprawling securities fraud class action against Fannie Mae and its former auditor, KPMG LLP, is coming to a close. The parties filed notice with a Washington federal judge late yesterday that they had reached [...]
+Continue Reading. . . .. Freddie Mac Unaware Of Homeowner Complaints, Inspector General Concludes . NEW YORK — For more than five years, many homeowners who complained about mortgage industry foreclosure abuses have wondered whether anyone with a financial stake in keeping them in their home was paying attention. On Thursday, with the release of a [...]
+Continue Reading. . . . .. Freddie Mac sues more than a dozen banks over Libor . Piggybankblog posted on 03/20/13 Cross linked with retuers.com By Karen FreifeldNEW YORK, March 19 (Reuters) – U.S. mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest [...]
+Continue Reading. . . . Pause intro music down below. Fannie Mae, Freddie Mac Sued in Maryland for Unpaid Taxes . Piggybankblog posted on 01/12/13 Cross linked with bloomberg.com Fannie Mae (FNMA) and Freddie Mac were sued for unpaid transfer taxes by a Maryland county, which argued in a federal court filing that the home-mortgage finance [...]
+Continue Reading. . . . Pause intro music down below. Unraveling the Freddie-Fannie Tangle . Piggybankblog posted on 01/02/13 Cross linked with propublica.org In the aftermath of the financial crisis, American taxpayers poured $187.5 billion into two huge but poorly understood companies: Freddie Mac and Fannie Mae. Now controlled by the government, the companies play an [...]
+Continue Reading. . . .. You can pause intro music down below. Freddie Mac buys $62.5 billion in mortgages . Piggybankblog posted on 12/26/12 Cross linked with housingwire.com Freddie Mac bought $62.5 billion worth of loans in November, up from $50 billion in purchases in October. The agency saw its mortgage portfolio increase at an [...]
+Continue Reading. . . . Pause intro music down below. Macon County sues Fannie Mae, Freddie Mac over transfer taxes . Piggybankblog posted on 12/14/12 Cross linked with foxillinois.com SPRINGFIELD – Macon County is the latest Illinois county to file a lawsuit against Fannie Mae and Freddie Mac over failing to pay real estate transfer taxes [...]
+Continue Reading. . . . Pause intro music down below. White House Seeking New Regulator for Fannie, Freddie . Piggybankblog posted on 12/10/12 Wall Street Journal The White House has begun preparations to nominate a new director to lead the agency that oversees Fannie Mae and Freddie Mac as soon as early next year, according to [...]
+Continue Reading. . . . Pause intro music down below. Government’s MBS purchases keep lid on mortgage rates . Piggybankblog posted on 12/06/12 Cross linked with inman.com Mortgage rates stayed at or near record lows this week, as the Federal Reserve continued a program to buy up $40 billion in mortgage-backed securities issued by Fannie Mae [...]
+Continue Reading. . . . . Pause intro music down below. Fannie Mae Announces Eviction Moratorium for the Holidays . Piggybankblog posted on 12/03/12 Cross linked with fanniemae.com WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced today that it will suspend evictions of foreclosed single family and 2-4 unit properties from December 19, 2012 through January 2, [...]
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