SEC charges former execs of Fannie, Freddie – money.cnn.com – The Securities and Exchange Commission charged six former executives of Fannie Mae and Freddie Mac with securities fraud on Friday for misrepresenting their holdings of high-risk mortgage loans.
Fitch Downgrades Four CMBS Transactions on Likely Default Fitch Places 11 Bonds in Four U.S.CMBS Transactions on Rating. – CHICAGO, Oct 16, 2013 (BUSINESS WIRE) — fitch ratings places 11 rake bonds in four multiborrower U.S. CMBS transactions on Rating Watch Negative: Credit Suisse First Boston Mortgage Securities.
SEC settles with former Fannie Mae execs over subprime fraud – Former Fannie execs denied dismissal of subprime fraud suit Former Fannie Mae CEO to face SEC charges for subprime mortgages Ben Lane is the Editor for HousingWire.
SEC settles with former Fannie Mae execs over subprime fraud – A 2011 lawsuit brought by the Securities and Exchange Commission against two former fannie mae executives over charges that the Fannie execs misled investors about the quality of subprime mortgages, is over, and it ended with a whimper.
SEC sues former Fannie and Freddie execs for fraud. – The securities fraud charges were lodged in the U.S. District Court for the Southern District of New York. In one complaint, fraud charges were leveled against former Fannie Mae CEO Daniel Mudd.
Exclusive: Former Fannie Mae CEO settles crisis-related. – The SEC said Fannie Mae concealed exposure to more than $100 billion of subprime loans and $341 billion of Alt-A loans. Mudd denied wrongdoing and contended the regulator lacked hard evidence to.
subprime – HUD User – Diane Levy has no past or current relationships with either GSE.. Fannie Mae and Freddie Mac have stepped cautiously into the subprime market, Executive Summary.. The GSEs and some market observers dismiss the idea that Fannie Mae and.. account a borrower's ability to repay and outright fraud and abuse.
Ex-Fannie Mae CEO loses bid to toss SEC fraud case – NEW YORK, March 1 (Reuters) – Former fannie mae chief executive daniel mudd has lost his bid to dismiss a lawsuit by U.S. securities regulators. that Fannie Mae’s disclosures about its exposure to.
CAR chastises lenders over short sales While I am short discretionary spending companies like Tiffany & Co (TIF) because it trades at 22x forward PE, I like BMW as a brand to own for the long term, a reasonable valuation (relative to car.New home purchases decrease 18% December New home purchase mortgage applications decreased 6. – The new home sales estimate is derived using mortgage application information from the BAS, as well as assumptions regarding market coverage and other factors. The seasonally adjusted estimate for December is a decrease of 12 percent from the November pace of 627,000 units.
Former Fannie execs denied dismissal of subprime fraud suit – Three former executives at Fannie Mae lost their bid to end a Securities and Exchange Commission lawsuit alleging investor fraud.The sec filed suit against former CEO. Former Fannie execs denied.
SEC sues ex-Fannie, Freddie execs for fraud – CBS News – SEC sues ex-Fannie, Freddie execs for fraud.. charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled the government and taxpayers about risky subprime.
SEC accuses former Fannie and Freddie execs of securities. – NEW YORK (Legal Newsline) – The Securities and Exchange Commission has charged six former executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage.
Former Fannie, Freddie Execs Charged With Securities Fraud – Fallout from SEC Charges Against Ex-Execs. FBN’s Elizabeth MacDonald breaks down today’s news that the SEC has charged six former Fannie Mae and Freddie Mac executives with fraud, and its impact.