News

  • FHFA won't mess with loan limits ... yet by Ryan Smith

    The Federal Housing Finance Agency won’t be reducing maximum loan limits for Fannie Mae and Freddie Mac until next spring at the earliest, according to Acting FHFA Director Edward DeMarco

  • Indictments made in alleged massive TARP scam by Ryan Smith

    Five people were indicted and two more have pleaded guilty in a multimillion-dollar mortgage scheme that claimed more than 500 victims

  • Beleaguered BOA axes more mortgage jobs by Ryan Smith

    Bank of America - found liable earlier this week for defrauding Fannie Mae and Freddie Mac - has announced that it will cut about 3,000 mortgage jobs in the fourth quarter

  • Two convicted of mortgage fraud by Ryan Smith

    Two Charlotte, N.C., residents have been convicted in federal court for their part in a massive mortgage scam that federal prosecutors say involved dozens of people and tens of millions of dollars

  • Feds probing nine banks over MBS sales by MPA

    The Justice Department is investigating at least nine banks for their sale of mortgage-backed securities

  • VERDICT: BOA liable for fraud in Hustle case by

    A federal jury on Wednesday found Bank of America liable for defrauding Fannie Mae and Freddie Mac under its Countrywide unit

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