America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before the financial crisis, which led to a $1.27 billion penalty, defies common sense and should be rejected.
NEW YORK, Sept 19 (Reuters) - The U.S. government said Bank of America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before...
Mortgage rates moved higher in the past week, according to the latest Freddie Mac survey which shows the average rate for a 30-year fixed-rate mortgage climbing to 4.23%, hitting the highest rate since
quality of the underlying loans in the securitized packages, leading eventually to huge investor losses. Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) were among those misled by BoA’s failure to disclose accurate information
Federal National Mortgage Association ( OTCQB:FNMA ) and Freddie Mac /Federal Home Loan Mortgage Corp. ( OTCQB:FMCC ..... order. In their recent paper, After the Deal: Fannie, Freddie and the Financial Crisis Aftermath , UC Berkeley Law
headwinds, if the environment changes and home ownership becomes a more attractive option for renters. Fannie Mae and Freddie Mac effectively subsidize the apartment industry by providing capital for mortgage loans. If these agencies' mandates
bit higher than last week's 4.10% reading which was the lowest rate since last October, according to the latest Freddie Mac survey . The average rate for the 15-year fixed-rate mortgage rose to 3.26% in the latest week from 3.24
Fannie Mae OTCQB: OTCQB:FNMA and Freddie Mac OTCQB: OTCQB:FMCC . In part due ..... finds a more regulated Fannie and Freddie to be the most viable approach for ..... American housing market. Fannie and Freddie have been under conservatorship since
Countrywide had been guilty of fraud. Prosecutors had merely argued for the fact that the loans made to Fannie Mae and Freddie Mac were of an inferior quality than the government mortgage giants had expected. In essence, then, Bank of America
stayed unchanged at 4.10% in the week ending Sept. 4, remaining at the lowest rate since late October, according to Freddie Mac 's latest report . The average rate for the 15-year fixed-rate mortgage declined to 3.24% from 3.25% in the