Fannie Mae, Mortgages | JD Supra Law News

Fannie Mae, Freddie Mac Directed To Purchase Only QM Loans

by BuckleySandler LLP on 5/14/2013

On May 6, the FHFA announced that Fannie Mae and Freddie Mac must limit their future mortgage acquisitions to loans that meet the requirements for qualified mortgages under the CFPB’s January 2013 ability-to-repay/qualified...more

Where There’s Smoke, There’s FIRREA

by Melissa J. Anderson, Lori Lynn Phillips, Frank Scaduto | Orrick - Securities Litigation and Regulatory... on 5/14/2013

Few can ignite a legal firestorm like U.S. District Judge Jed Rakoff of the Southern District of New York. Last week, in a mortgage fraud suit against Bank of America and Countrywide, Judge Rakoff refused to dismiss a novel...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - May 10, 2013

by BuckleySandler LLP on 5/13/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - PRIVACY/DATA SECURITY -...more

Fannie Mae Announces Miscellaneous Servicing Policy Changes

by BuckleySandler LLP on 5/9/2013

On May 1, Fannie Mae issued Servicing Guide Announcement SVC-2013-10, which includes numerous servicing policy changes. The announcement informs servicers that they must (i) conduct regular testing of compliance with...more

Fannie Mae Releases Loan Performance Data

by BuckleySandler LLP on 5/9/2013

On April 30, Fannie Mae released loan performance data on a portion of its single-family mortgage loans, which includes a subset of Fannie Mae’s 30-year, fully amortizing, full documentation, single-family, conventional...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - May 3, 2013

by BuckleySandler LLP on 5/6/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - CREDIT CARDS - E-COMMERCE - PRIVACY/DATA SECURITY -...more

Fannie Mae Announces Numerous Selling Guide Updates

by BuckleySandler LLP on 4/17/2013

On April 9, Fannie Mae issued Selling Guide Announcement SEL-2013-03, which updates numerous guide sections. According to the announcement, effective immediately, all lenders that wish to deliver eMortgages must obtain...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - April 12, 2013

by BuckleySandler LLP on 4/15/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - PRIVACY/DATA SECURITY - CRIMINAL...more

Big Banks Fail 2012 Fannie Mae Star Program

by Philip R. Stein | Bilzin Sumberg Mortgage Repurchase Group on 4/12/2013

According to a report released Tuesday by Fannie Mae, the big banks who love to act like “injured innocents” when it comes to making mortgage repurchase and indemnification demands on loan originators had their own...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - April 5, 2013

by BuckleySandler LLP on 4/8/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - PAYMENTS - Excerpt from Payments: CFPB...more

Fannie Mae Announces Miscellaneous Servicing Policy Updates

by BuckleySandler LLP on 4/2/2013

On March 27, Fannie Mae issued Servicing Guide Announcement SVC-2013-06, which announces policy updates regarding (i) redelivery of balloons, (ii) property value ordering process, and (iii) Mortgage Release and REOgram...more

FHFA Announces Streamlined Modification Initiative

by BuckleySandler LLP on 4/2/2013

On March 27, the FHFA announced that Fannie Mae and Freddie Mac will begin a new loan modification initiative on July 1, 2013. As described in more detail in Fannie Mae Servicing Guide Announcement SVC-2013-05 and Freddie Mac...more

Fannie Mae And Freddie Mac Stress Importance Of Lender Data Accuracy

by BuckleySandler LLP on 4/2/2013

On March 26, Fannie Mae and Freddie Mac reminded lenders of the importance of data accuracy to improve the overall quality of loan delivery data submitted to each entity and ensure that it is complete and fully reflective of...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - March 29, 2013

by BuckleySandler LLP on 3/29/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - CREDIT CARDS - PAYMENTS -...more

House, Senate Committees Hold Separate Hearings On Housing Finance Reform

by BuckleySandler LLP on 3/28/2013

On March 19, the Senate Banking Committee and the House Financial Services Committee each held a hearing to review issues related to housing finance post-federal conservatorship of Fannie Mae and Freddie Mac. The House...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - March 15, 2013

by BuckleySandler LLP on 3/16/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - E-COMMERCE - PRIVACY/DATA SECURITY - PAYMENTS - Excerpt...more

Orrick's Financial Industry Week in Review - March 11, 2013

by Orrick, Herrington & Sutcliffe LLP on 3/11/2013

In This Issue: *Financial Industry Developments - SEC Risk Alert and Investor Bulletin on Investment Adviser Custody Rule - FHFA Outlines 2013 Goals for Fannie and Freddie - Rating Agency Developments ...more

Fannie Mae Updates Property Transfer Policies For Exempt Transactions

by BuckleySandler LLP on 3/11/2013

On February 27, Fannie Mae issued Lender Letter LL-2013-04, clarifying servicers’ obligations in connection with the transfer of ownership of a property securing a mortgage loan when the due-on-sale or due-on-transfer...more

Fannie Mae Announces Servicing Policy Changes

by BuckleySandler LLP on 3/6/2013

On February 22, Fannie Mae issued Servicing Guide Announcement SVC-2013-02, reminding servicers that when they deposit undisbursed insurance loss draft funds into an interest-bearing account, the account must be for the...more

Bipartisan Committee Issues Report on Future of U.S. Housing - and Mortgage Bankers Issue Their Response: News Releases of the...

by Rosa Eckstein Schechter on 3/5/2013

Last week, a bipartisan commission of former Cabinet secretaries, ex-Senators, economists, and experts in various aspects of the American housing industry or market issued their report on how things are and how things should...more

Fannie Updates Foreclosure Time Frames For Twelve States

by BuckleySandler LLP on 2/20/2013

On February 13, Fannie Mae issued Servicing Guide Announcement SCV-2013-01, which increases the maximum number of allowable days within which routine foreclosure proceedings are to be completed in California, Colorado,...more

House Democrats Urge President Obama To Nominate FHFA Director

by BuckleySandler LLP on 2/19/2013

On February 7, 45 Democratic Members of the House of Representatives sent a letter to President Obama requesting he nominate a permanent director for the FHFA to replace Acting Director Edward DeMarco. ...more

HUD, FHFA Extend Foreclosure Protections For Hurricane Sandy Victims

by BuckleySandler LLP on 2/7/2013

On January 31, HUD and the FHFA announced that the FHA, Fannie Mae, and Freddie Mac will extend for an additional 90 days protections against foreclosure actions for borrowers whose properties were damaged or destroyed due to...more

Federal Help to Get Residential Real Estate Market Back on Track: 2 New Programs to Resolve Mortgage Issues Debut for Freddie Mac,...

by Rosa Eckstein Schechter on 1/30/2013

The federal government, through the Federal Housing Finance Agency which oversees Freddie Mac and Fannie Mae, continues to find ways to resolve the Housing Crisis and news this week is that two new, big programs that are...more

Fannie Mae Announces Numerous Updates To Selling Guide

by BuckleySandler LLP on 1/28/2013

On January 17, Fannie Mae issued Selling Guide Announcement SEL-2013-01, which provides notice of updates to several Selling Guide topics. First, eligibility for delivery of FHA-insured, HUD-guaranteed, VA-guaranteed, and...more

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Fannie Mae › Mortgages

Fannie Mae, Freddie Mac Directed To Purchase Only QM Loans

Where There’s Smoke, There’s FIRREA

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - May 10, 2013

Fannie Mae Announces Miscellaneous Servicing Policy Changes

Fannie Mae Releases Loan Performance Data

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - May 3, 2013

Fannie Mae Announces Numerous Selling Guide Updates

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - April 12, 2013

Big Banks Fail 2012 Fannie Mae Star Program

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - April 5, 2013

Fannie Mae Announces Miscellaneous Servicing Policy Updates

FHFA Announces Streamlined Modification Initiative

Fannie Mae And Freddie Mac Stress Importance Of Lender Data Accuracy

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - March 29, 2013

House, Senate Committees Hold Separate Hearings On Housing Finance Reform

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - March 15, 2013

Orrick's Financial Industry Week in Review - March 11, 2013

Fannie Mae Updates Property Transfer Policies For Exempt Transactions

Fannie Mae Announces Servicing Policy Changes

Bipartisan Committee Issues Report on Future of U.S. Housing - and Mortgage Bankers Issue Their Response: News Releases of the...

Fannie Updates Foreclosure Time Frames For Twelve States

House Democrats Urge President Obama To Nominate FHFA Director

HUD, FHFA Extend Foreclosure Protections For Hurricane Sandy Victims

Federal Help to Get Residential Real Estate Market Back on Track: 2 New Programs to Resolve Mortgage Issues Debut for Freddie Mac,...

Fannie Mae Announces Numerous Updates To Selling Guide

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