Fannie Mae has reached a historic $53 million settlement with the National Fair Housing Alliance (“NFHA”) and local fair housing organizations throughout the U.S. to resolve racial discrimination claims concerning Fannie...more
Millions of homeowners have signed up for a forbearance under the CARES Act, which gives homeowners with a federally-backed mortgage loan the right to obtain a temporary reduction or suspension of mortgage payments by way of...more
10/12/2021
/ CARES Act ,
Coronavirus/COVID-19 ,
Failure To Disclose ,
Fair Lending ,
Fannie Mae ,
Forbearance Agreements ,
Foreclosure ,
Homeowners ,
Infectious Diseases ,
Mortgages ,
PNC ,
Putative Class Actions ,
Relief Measures ,
RESPA ,
Statutory Violations ,
Truth in Lending Act (TILA) ,
Unfair or Deceptive Trade Practices
A surge in repurchase claims against mortgage originators may be imminent as aggregators and servicers face nonpayment of debt obligations and liquidity shortfalls resulting from an increase in residential mortgage loans put...more