FHFA Proposes Guidance to Restrict GSEs from Investing in Mortgages with Private Transfer Fee Covenants
Washington, DC - August 12, 2010 - (RealEstateRama) -- The Federal Housing Finance Agency is proposing a guidance for public comment that would restrict Fannie Mae, Freddie Mac and the Federal Home Loan Banks from investing in mortgages with private transfer fee covenants. The guidance would extend to mortgages and securities purchased by the Federal Home Loan Banks or acquired as collateral for advances, and to mortgages and securities purchased or guaranteed by the Enterprises.Full article: FHFA Proposes Guidance to Restrict GSEs from Investing in Mortgages with Private Transfer Fee Covenants ...
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- Florida Enters $25 Billion Joint State-Federal Mortgage Servicing Settlement
TALLAHASSEE, FL - February 10, 2012 - (RealEstateRama) -- Attorney General Pam Bondi today formally entered a landmark $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and unacceptabl...
- Attorney General Kamala D. Harris Secures $18 Billion California Commitment for Struggling Homeowners
LOS ANGELES, CA - February 10, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced an historic commitment to California of up to $18 billion that will benefit hundreds of thousands of homeowners in the state hardest hit by the ...
- MCDANIEL JOINS SETTLEMENT OVER MORTGAGE FORECLOSURE ABUSES
LITTLE ROCK, AR - February 10, 2012 - (RealEstateRama) -- Attorney General Dustin McDaniel announced today that Arkansas has joined other states and the federal government in a landmark multibillion dollar settlement with five of the nation's largest b...
- MBA Statement on Mortgage Settlement
WASHINGTON, D.C. - February 10, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA), issued the following statement upon news of an agreement between state and federal officials and five large residential mortgage servicers.
- ABA STATEMENT ON MORTGAGE SETTLEMENT
WASHINGTON, D.C. - February 10, 2012 - (RealEstateRama) -- “Today’s agreement marks an important milestone in resolving mortgage concerns, allowing these five institutions – essential providers of mortgage services across the country – to look to the future with clarity and commitment to customers.”
- $1 BILLION TO BE PAID BY THE BANK OF AMERICA TO THE UNITED STATES LARGEST FALSE CLAIMS ACT SETTLEMENT RELATING TO MORTGAGE FRAUD
WASHINGTON, D.C. - February 10, 2012 - (RealEstateRama) -- As part of the global resolution between the United States of America and the five largest mortgage servicing banks in the country, which will bring much needed relief to financially distressed homeowners nationwide, Loretta E. Lynch, United States Attorney for the Eastern District of New York, today announced that the government will also resolve its claims against the Bank of America, Countrywide Financial Corporation and certain Countrywide subsidiaries and affiliates (Countrywide) for underwriting and origination mortgage fraud.
- FEDERAL GOVERNMENT AND STATE ATTORNEYS GENERAL REACH $25 BILLION AGREEMENT WITH FIVE LARGEST MORTGAGE SERVICERS TO ADDRESS MORTGAGE LOAN SERVICING AND FORECLOSURE ABUSES
WASHINGTON, DC - February 10, 2012 - (RealEstateRama) -- U.S. Attorney General Eric Holder, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan, Iowa Attorney General Tom Miller and Colorado Attorney General John W. Suthers announced today that the federal government and 49 state attorneys general have reached a landmark $25 billion agreement with the nation's five largest mortgage servicers to address mortgage loan servicing and foreclosure abuses. The agreement provides substantial financial relief to homeowners and establishes significant new homeowner protections for the future.
