An overhaul of Fannie Mae and Freddie Mac continues to draw chatter in Washington, prompting a number of people to break long-held silence on the legacy of the government-sponsored enterprises.. Adding his voice to the conversation is former fannie mae cfo timothy howard, who was ousted in late 2004 along with then-CEO Franklin Raines.
A week ago HousingWire first reported that former Fannie Mae CFO J. Tim Howard was hired by Fairholme Funds in their lawsuit against the U.S. Treasury, and now the government is arguing against.
Realtor brazenly offers services to embattled Cleveland Browns coach The Wildcat returns for his 22nd season in The Post. Including the 1997-2017 seasons in the Bettor’s Guide, Cat’s record in print stands at 595-498 (54.4 percent) against the spread..
The Treasury Department really doesn’t want to talk about what it did with the Third Amendment sweep of GSE shareholder rights. Gretchen Morgensen at the New York Times does, however.. Watching these profits pour into the Treasury, shareholders cried foul.
While a lot of people want to kill the GSE’s there is concern that they might be hard to replace. Fannie and Freddie securitize about $5 trillion in mortgages, which is about half the market. The biggest banks in the world average around $2 trillion in assets (and that’s everything: mortgage loans, commercial loans, credit card loans, etc.).
· Feds want deal with PricewaterhouseCoopers undone.. U.S. Angered as freddie mac auditor settles investor Suit.. The money-or whatever the investors got in a confidential lawsuit.
FHFA: Mortgage rates continue to climb Mortgage rates continued to climb this past week to new yearly highs according to Freddie Mac’s Weekly Survey. The 30 year fixed-rate was at 3.91% (up 10 basis points on the week) with 0.7% points cost. The 15 year fixed-rate is up to 3.03%, which maintains its spread above the 5 year arm (adjustable rate mortgage.)
New Treasury Secretary Vows to Re-Privatize Fannie Mae. – · New Treasury Secretary elected by Trump has announced plans to re-privatize Fannie Mae and Freddie Mac, something that would have been unthinkable before.
· Once again, the farce of so-called SEC “prosecutions” reveals itself. Last Friday, the financial watchdog agency charged six former top executives from Fannie Mae and Freddie Mac with securities fraud for deliberately misleading the pubic about how much money they had invested in high-risk, subprime mortgages. The farce? From the SEC’s website: “Fannie Mae and Freddie Mac each.
Call to End Treasury Secrecy on Fannie and Freddie Gets Louder.. HousingWire reported that Treasury is fighting the motion by Fairholme Funds to hire former Fannie Chief Financial Officer O J. Tim Howard as a consultant to review some 800,000. investors say they want their stake and their.
2018 HW Tech100 Winner: Capsilon Corporation SAN FRANCISCO, March 2, 2017 /PRNewswire/ — Capsilon Corporation, a provider of cloud-based enterprise digital mortgage solutions, has been named to the HousingWire 2017 HW TECH100.
Shareholders have filed lawsuits saying that the facts surrounding these events matters but the government has won every case ruling so far in so far as it was lawful for them to do whatever they want.