Could Fannie Mae and Freddie Mac finally be willing to sign off on principal reduction as a way to keep homeowners out of foreclosure and in their homes? Edward DeMarco, the acting head of the Federal Housing Finance Agency and de facto leader of the two GSEs has been steadfast in his opposition.
FHFA launches pilot REO property sales Freddie Mac and Florida foreclosure law firm part ways If you have existing freddie mac default legal Matters at these law firms, please take immediate steps to secure and transfer them to new law firm (s). Please note that any new firm receiving transferred files must have received a "No Objection" letter.
In late March, the law firm of Shapiro & Burson LLP, which has been "accused of improper handling of more than 1,000 deeds for Maryland homes in foreclosure," was stripped from Freddie Mac’s list of approved foreclosure law firms in Maryland.1 On April 11, 2011,1
Florida governor signs bill to speed up state’s foreclosure process The General Revenue portion of Florida’s state budget is funded primarily by sales tax, while local governments also have their own respective budgets funded primarily by property taxes. The annual state budget is constructed by the legislature and signed into law by the governor who administers it. The state budget for 2008-9 was $66 billion.Zillow: Housing recovery slows to steadier pace A Tale of Two Loan Modifications, As Investors Sue Countrywide Compute your regular monthly price range and figure out how much you can afford for a loan payment, and take the time to increase the check inside your chequeing and cost savings accounts that will help place your lenders relaxed and display that one could manage to remain current for your bills. · The S&P Case-Shiller housing survey indicates home price gains are still slowing. Have fears of a sector bubble gone away? Stan Humphries of Zillow joins MoneyBeat.
Law.com US Appeals Court Takes Fresh Look at Mandatory Bar Fees in Wake of ‘Janus’ Nate Robson A key question was whether the "Janus" ruling involving labor unions applies to a case involving bar.
A New York federal judge has pared down False Claims Act litigation alleging that Fannie Mae, Freddie Mac and the government were overcharged for foreclosure services, keeping foreclosure law firm.
Why isn’t Wall Street in Jail? Is our government a giant Ponzi scheme? These are the questions Roy Oppenheim asked during Wednesday night’s Short Sale and Foreclosure Defense
Put simply, the Freddie Mac Exclusionary List is a list of real estate professionals that Freddie Mac believes have taken some action, failed to take some action, originated loans, or have some systemic failure that caused harm to the mortgage origination of loan products bought or backed by Freddie Mac.
Citigroup Acquires Most of Wachovia; Not a Failure, FDIC Says After Reloading With Wachovia’s Banking Business, Citigroup Takes a New Aim at the U.S. Banking Market – Citigroup Inc. (C) will acquire Wachovia Corp.’s (WB. brings City $42 billion in prospective losses from Wachovia’s $312 billion loan portfolio. The Federal deposit insurance corp. (FDIC), in.Treasury may accelerate TARP bank exits Banks that Used the Small Business Lending Fund To exit tarp sigtarp 13-002 April 9, 2013 Summary more than three times that amount On September 27, 2010, Congress created the Small Business Lending Fund ("SBLF") as part of the Small Business Jobs Act of 2010, which permitted Treasury to invest up to $30 billion in eligible small banks to
The required level of insurance is determined by the higher of the Fannie Mae or Freddie Mac pending foreclosure volume. By way of example, if a law firm had 2,000 Fannie Mae foreclosure matters and 4,501 Freddie Mac foreclosure matters, the firm would fall within Tier II and the required coverage would be not less than $5 million per.
Housing inventory steadily declines in 2012 mba: rising rental costs may drive home sales up Get up-to-date information on housing trends, including where consumers. Pending home sales jump 1.1 percent in May. Not only are home prices still rising, but the cost of rent rose 0.5% in June, according to a report from Apartment List. The Mortgage Bankers Association (MBA) reports applications were up 2.3%.The consistent declines of the shadow housing inventory, said CoreLogic CEO Anand Nallathambi, is a promising sign for housing’s recovery. "Broadly speaking, the shadow inventory continued to shrink in July," Nallathambi said.Servicers Can Modify Current Loans, Fannie Mae Says Through the program, servicers — and by extension Fannie Mae — were able to report reinstatements of 1,244 loans in the first quarter, 16,658 in the second quarter and a whopping 27,277 in the.