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fannie mae and freddie mac
Summary: Goldman Sachs will join Bank of America and other financial institutions that have recently settled claims of fraudulent conduct by paying $1.1 billion to the Federal Housing Finance Agency as early as next week. Reuters reports that Goldman Sachs…>read moreNo Comment August 25, 2014
Summary: Barclays Bank reveals challenges it faces to investors and defends itself against allegations in lawsuits worldwide. The Guardian reports that a document recently sent to shareholders by Barclays exposes the extent of the legal problems facing the bank. The…>read moreNo Comment August 15, 2014
Mortgage Financiers Freddie Mac and Fannie Mae will pay the US Treasury $39 billion in dividends. Freddie will give $30.4 billion and Fannie will pay $8.6 billion, after both had strong Q3 earnings. The payments will bring the two “quasi-public”…>read moreNo Comment November 8, 2013
As reported earlier, the foreclosure law firm of Steven J. Baum PC is shutting down after filing notice with federal labor regulators regarding massive layoffs. The layoffs will occur on February 20 but it is unknown if the firm will…>read moreNo Comment November 23, 2011
As reported on JD Journal earlier in the month, the largest foreclosure firm in New York has been removed from Fannie Mae and Freddie Mac’s list of firms for foreclosures. In a move related to that news, the firm of…>read moreNo Comment November 22, 2011
The Steven J. Baum PC firm has been banned from handling foreclosure proceedings for Fannie Mae and Freddie Mac loans. “After Nov. 15, 2011, servicers may not refer any new Fannie Mae foreclosure or bankruptcy cases in New York to…>read moreNo Comment November 21, 2011
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