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Real Estate & Property Law

: Housing Wire

Lenders See Fannie, Freddie Takeover as Needed

By PAUL JACKSON

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If perception is reality, early returns from a recent survey of key lenders suggests that both Fannie Mae (FNM: 0.7541 -11.28%) and Freddie Mac (FRE: 0.8801 -3.29%) may have been in worse condition that some of us might want to believe. A survey conducted by MORTECH LLC, a research firm, found that lenders overwhelmingly — [...]

Full post as published by Housing Wire on November 06, 2008 (boomark / email).

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Lawsuits and Settlements

Wesley A. Snyder et al.
alleging the consultants perpetrated a Ponzi scheme by encouraging borrowers to lend more than they needed.

Lenders Fined
Ryland Group Inc. settles $370,000 questionable lending suit.

Loan Backers
Mortgage Lenders Network pays $855,000 bankruptcy settlement for unfunded mortgages.

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