WASHINGTON — The government is changing the terms of its bailout agreement with Fannie Mae and Freddie Mac in a way that will shrink the holdings of the two mortgage giants more quickly and will require payment to the government ...

Tagged with: Fannie Mae Freddie Mac Treasury Department

Fannie Mae and Freddie Mac won’t be taking part in the Obama administration’s home mortgage principal reduction program. That’s bad news for underwater homeowners but cause for rounds of high-fives among executives in the nation’s financial sector. The setback for ...

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WASHINGTON — U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It’s the first time the company has reported a net income gain since it was taken ...

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With seemingly everyone blogging these days, it can be difficult for lawyers to differentiate themselves online. But for those with the time, speaking talent and gumption, podcasting can be just the thing to get your name out there. Podcasting is ...

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WASHINGTON — Mortgage giant Fannie Mae said Wednesday that it lost money in the fourth quarter and is asking the federal government for nearly $4.6 billion in aid to cover its deficit. Washington, D.C.-based Fannie said it lost roughly $2.4 ...

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  WASHINGTON — The Securities and Exchange Commission on Friday brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled investors about risky subprime loans the that mortgage giants held when the ...

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The removal of Amherst-based Steven J. Baum PC from Fannie Mae and Freddie Mac foreclosure cases means other firms will be picking up the work. Baum’s firm handled a large portion of the state’s foreclosure cases, and experts predict more ...

Tagged with: Fannie Mae Freddie Mac Law firms

This week, Amherst, N.Y.-based foreclosure attorney Steven J. Baum announced a mass layoff of his firm’s employees. The firm, Steven J. Baum PC, filed a Worker Adjustment and Retraining notice pursuant to federal labor laws. Several reports indicated the firm ...

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Pursuant to an October directive from the Federal Housing Finance Agency, national mortgage servicers Fannie Mae and Freddie Mac released a revised list of retained foreclosure attorneys Tuesday. Fannie Mae’s New York attorneys list includes two firms from the Rochester ...

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WASHINGTON — Congress is seeking to end the practice of paying million-dollar bonuses to executives at government-controlled mortgage giants Fannie Mae and Freddie Mac. The House Financial Services Committee approved legislation Tuesday that would suspend $12.8 million in Fannie and ...

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WASHINGTON — Mortgage giant Fannie Mae knew about allegations of improper foreclosure practices by law firms in 2003 but did not act to stop them, a government watchdog says. Similar allegations are the subject of a probe by state attorneys general ...

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WASHINGTON, D.C. — Fannie Mae missed chances to catch law firms illegally signing foreclosure documents and its government overseer did not take the right steps to ensure Fannie was doing its job, according to a federal watchdog.

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