June 25, 2014
The regulator of Fannie Mae and Freddie Mac will consider suing insurers who charged excessive fees for hazard coverage paid by the two government-owned mortgage companies, an auditor’s report said. Fannie Mae and Freddie Mac could have overpaid about $158 …
June 3, 2014
Massachusetts Attorney General Martha Coakley is suing the Federal Housing Finance Agency (FHFA) and the mortgage giants Fannie Mae and Freddie Mac for allegedly violating the state’s 2012 foreclosure prevention law. The lawsuit alleges the federal housing regulators and the …
November 14, 2013
Fairholme Capital Management has proposed to buy the insurance businesses of Fannie Mae and Freddie Mac, a move that seeks to resolve the uncertain future of the mortgage financiers by freeing them from U.S. government control. Bruce Berkowitz’s Fairholme said …
March 7, 2012
The practice of banks forcing expensive homeowners insurance on borrowers could come to an end after Fannie Mae told lenders it would seek to oversee such policies itself. For many homeowners who are required to buy insurance as a condition …
December 20, 2011
New York and federal officials will cooperate in investigations of banks bundling mortgages into troubled securities that helped cause the 2008 Wall Street collapse. Attorney General Eric Schneiderman and Steve Linick, the inspector general of the Federal Housing Finance Agency, …
November 15, 2011
The reach of a government effort to help distressed homeowners refinance their mortgages could be largely determined by details on lender liability that will be announced Tuesday. The regulator for government-controlled mortgage finance firms Fannie Mae and Freddie Mac said …