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fhfa —

Archive for: fhfa

FHFA says settlement reached with GE in mortgage case

. . . . Pause intro music down below. FHFA says settlement reached with GE in mortgage case . Piggybankblog posted on 01/23/13 Cross linked with reuters.com (Reuters) – General Electric Co (GE.N) has agreed to settle a federal agency’s lawsuit accusing it of misleading Freddie Mac into buying $549 million of mortgage-backed securities, the […]

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In an F.H.A. Checkup, a Startling Number

. . . . Pause intro music down below. In an F.H.A. Checkup, a Startling Number . Piggybankblog posted on 12/06/12 Cross linked with nytimes.com . Like Fannie Mae and Freddie Mac before it, the Federal Housing Administration is suffering in a mortgage hell of its own making. F.H.A. officials say they won’t need taxpayers’ […]

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Bank of America Loses Bid to Dismiss FHFA Mortgage Bonds

. . . . . You can pause intro music down below. Bank of America Loses Bid to Dismiss FHFA Mortgage Bonds . Piggybankblog posted on 11/09/12 Cross linked with bloomberg.com Bank of America Corp.’s Merrill Lynch& Co. unit must face a lawsuit by the Federal Housing Finance Agency, the conservator for Fannie Mae and […]

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Cummings Highly Critical Of Federal Housing Finance Agency Refusal To Allow Principal Reductions

. . . . Pause intro music down below Cummings Issues Statement on Inspector General Report . Piggybankblog posted 09/27/12  http://democrats.oversight.house.gov Washington, DC (Sept. 27, 2012)—Today, Congressman Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued the following statement in response to a report issued by the Inspector General […]

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Piggybankblog Posts — Mortgage Cops Taking Tough Stance! They're Looking For You The Homeowner To Go After! Really?

. . . .. You can pause intro music below. Mortgage Cops Taking Tough Stance . Piggybankblog posted on 09/24/12 Cross linked with chicagotribune.com . Strategic defaulters, beware. The feds are coming for you. And they are not happy. Not the FBI. The Office of the Inspector General at the Federal Housing Finance Agency. The […]

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Fannie Mae paid BofA premium to transfer soured loans: regulator

. . . .. You can pause intro music down below. Fannie Mae paid BofA premium to transfer soured loans: regulator . Piggybankblog posted on 09/18/12 Cross linked with reuters.com (Reuters) – Fannie Mae agreed to pay Bank of America Corp about 20 percent more than it was contractually obligated to last year in order […]

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Fannie Mae Pays Banks $1.5 Billion So It Can Fire Them

. . . .. You can pause intro music down below. Fannie Mae Pays Banks $1.5 Billion So It Can Fire Them . Piggybankblog posted on 09/18/12 Cross linked with huffingtonpost.com Fannie Mae has paid $1.5 billion to a dozen banks that manage its massive home loan portfolio so that it can hire companies it […]

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Finding a fix for foreclosure mess

. . . .. You can pause intro music down below. Finding A Fix For Foreclosure Mess . Piggybankblog posted on 09/17/12 Cross linked with dailynews.com . A San Francisco investment firm is poised to take on Wall Street and the mortgage industry with an unprecedented proposal to have local government use eminent domain to […]

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Mortgage Cops Taking Tough Stance

. . . .. You can pause intro music down below. Mortgage Cops Taking Tough Stance . Piggybankblog posted on 09/15/12 Cross linked with chicagotribune.com Strategic defaulters, beware. The feds are coming for you. And they are not happy. Not the FBI. The Office of the Inspector General at the Federal Housing Finance Agency. The […]

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Lawmakers Push to Increase White House Oversight of Financial Regulators. One of the Worst Ideas from Congress in Decades

. . .   .. You can pause intro music down below. Lawmakers Push to Increase White House Oversight of Financial Regulators . Piggybankblog posted on 09/12/12 Cross linked with nytimes.com Financial regulators may face a new obstacle in their efforts to police Wall Street. Lawmakers are pushing a bill that could curb the influence […]

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