Mortgage Servicers Ignoring Demands From FHFA That They Offer Homeowners Coronavirus Mortgage Relief Are Mortgage servicers ignoring demands from FHFA Director Mark Calabria? Believe it or not, they are and the FHFA is not happy. Calabria along with Fannie Mae and Freddie Mac leadership was forced to notify mortgage servicers of their obligations to their […]
Fannie Mae And Freddie Mac Will Update Uniform Residential Loan Applications In November 2020 The Federal Housing Finance Agency announced three years ago that they were changing the Uniform Residential Loan Applications used by the lending industry. It will the first change in 20 years. The GSEs later dictated that lenders would be required to […]
FHFA Is Preparing And Interviewing Wall Street Investment Banks To Handle What Will Be The Largest IPO In History The FHFA is preparing Fannie Mae and Freddie Mac for a record-setting IPO. The FHFA is interviewing Wall Street firms to handle a public offering of the shares of the nation’s two largest mortgage financiers that would […]
Federal Prosecutors Accuse Loss Mitigation Services Of Defrauding HUD, Fannie Mae, and Freddie Mac The owners and co-founders of Loss Mitigation Services are accused of defrauding Fannie Mae, Freddie Mac, and HUD. Federal prosecutors allege the Massachusetts based short sale company defrauded government agencies on nearly 100 short sale transactions. Loss Mitigation Services negotiates with lenders […]
Former Fannie Mae Employee Found Guilty Of Making Millions On Shady REO Foreclosure Sales Former Fannie Mae employee Shirene Hernandez is facing 40 years in prison. She was found guilty of accepting millions of dollars in bribes and kickbacks in exchange for selling Fannie Mae REO properties. Federal prosecutors charged Shirene Hernandez in January 2018 with […]
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