Treasury doesn’t want former Fannie CFO in GSE investor lawsuit

Treasury doesn’t want former Fannie CFO in GSE investor lawsuit Trey Garrison was a Senior Financial Reporter for HousingWire.com. His body of works are his views and his views alone.

Paulson Says He Doesn’t Plan to Add Cash to Fannie, Freddie U.S. Treasury Secretary. of a shareholder lawsuit against directors of Fannie Mae over accounting irregularities and the severance.

CoreLogic: 10.4 million mortgages still in negative equity From Q1 2017** to Q2 2017, the total number of mortgaged residential properties with negative equity decreased 10 percent to 2.8 million homes, or 5.4 percent of all mortgaged properties. Year over year, negative equity decreased 21.9 percent from 3.6 million homes, or 7.1 percent of all mortgaged properties, from Q2 2016 to Q2 2017.

Don’t Cry for the Shareholders of Fannie Mae and Freddie Mac. by rcwhalen.. There are now a raft of lawsuits pending against the US Treasury, both by common shareholders and investors in the preferred securities of Fannie and Freddie.. But the only thing you can really say to investors in.

[color=blue]Debt limit debate complicated by Fannie, Freddie dividends Quote: Treasury Secretary Steven Mnuchin has estimated that the government will be able to pay its debts until Sept. 29. The next payment from the GSEs is expected to total

When Bruce Berkowitz’s Fairholme Funds brought in former Fannie Mae CFO Tim. The pending lawsuit involves a group of GSE investors, who want the mortgage giants to pay the shareholder profits.

Investors still see relative value in subprime mortgage bonds This Really Is The Everything Bubble: Even Subprime Mortgage. – Subprime mortgages – home loans to borrowers with sketchy credit who put little to no skin in the game. Following the epic housing crash, they disappeared, due to strong, new regulation, and zero demand from investors who were badly burned.

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Summary. The Gary Hindes lawsuit has filed a motion for leave to amend the class action to add Direct and Derivative Claims for Unjust Enrichment for Fannie Mae and Freddie Mac. The government doesn’t want to let investors inspect the books and records of Fannie Mae and Freddie Mac. Pagliara is fighting this and got a dismissal in Freddie Mac.

But admitting it would open the bank up to even more lawsuits. investors shy away from sin stocks, sin industries have high entry barriers, and companies within sin sectors often have considerable.

RMBS investors warn on long-term hazards of shutdown RMBS investors warn on long-term hazards of shutdown What the shutdown means for investors – MarketWatch – What the shutdown means for investors. that investors shouldn’t derail their long-term plans around the latest crisis is that experts – judging from the market observers who have talked.

It has been some time since my last Forbes column on Fannie and Freddie. After eight weeks in Court, it appears as though the AIG trial, in which former AIG CEO Maurice. as a high ranking Treasury.

Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives Many credit the Mortgage forgiveness debt relief act for much of the housing industry’s recovery in The Act was enacted to remove from a tax payer’s income, debt that was forgiven in the foreclose or Unless a deal is reached, the forgiveness of that debt will again be counted as income and.A loan in foreclosure: 492 days – and growing About 4.31 percent of the FHA-insured loans made in the two years ending Dec. 31 were at least 90 days late, according to the most recent. In addition, the amount of money people can borrow with.

 · Franklin Raines, Fannie Mae’s CEO for most of the six years that the company cooked its books to the tune of $10.6 billion, previously had been clinton white house budget director. Raines pulled in $52.8 million in bonuses during his 1999-2004 stay at the company, a fact not unrelated to the suspect accounting.