FHFA

Let’s Get Ready To Rumble! FHFA Billion Dollar Battles W/ Nomura & RBS

Its The First Of 18 Lawsuits FHFA Is Taking To Trial To Recover $200 Billion In Bad Loans Sold To Fannie & Freddie FHFA is taking on two of the world’s largest banks in Manhattan Federal Court today. The agency hopes to recover losses from bad mortgages. FHFA claims Nomura Holdings and RBS sold bad […]

Struggling Homeowners Are Shouldering The Responsibility Of U.S. Deficit

No Fannie/Freddie Mortgage Write-Downs For Struggling Homeowners Means More Cash For Uncle Sam   Since the housing crisis began in 2007, the major banks and the major servicers have paid nearly $130 Billion in fines and court settlements to settle mortgage fraud issues with Fannie Mae and Freddie Mac. These settlements have brought Fannie Mae […]

Massachusetts AG Coakley Threatens To Bitchslap FHFA With Lawsuit

GSEs in violation of law designed to keep homeowners in homes Ben Lane, Housing Wire Less than one month into the job, and just one day after his first extensive public comments, Federal Housing Finance Agency Director Mel Watt has a serious problem in the form of Massachusetts Attorney General Martha Coakley. Coakley directed a letter to Watt […]

Fannie Mae & Freddie Mac Are Cash Cows For U.S. Taxpayers

Perplexes Anti-Government GOPers Jim Puzzanghera, LA Times Federal officials swooped in to rescue mortgage finance giants Fannie Mae and Freddie Mac in 2008 with the largest of all the financial crisis bailouts — a combined $187.5 billion — because they were considered too big to fail. Now, despite bipartisan support to shut them down, Fannie and Freddie may prove […]

FHFA Announces $1.9 Billion Settlement With Deutsche Bank

The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced it has reached a settlement with Deutsche Bank AG, related companies and specifically named individuals for $1.925 billion to resolve claims in FHFA v. Deutsche Bank AG, et al., as well as certain other matters. The settlement addresses claims […]

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