Sun, Nov 23, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Finance, Research more

Housing market: Fannie Mae was aware of abuses from the beginning

Posted on 06 October 2011

A report recently released by the FHFA and crafted by its inspector general, Steve Linick, states that Fannie Mae became aware as early on as 2003 of foreclosure malpractices perpetrated by law firms that it had employed to get distressed homeowners out of their homes. Despite this knowledge, the federal home loan financing giant did precious little to address the issue.
It took news reports in 2010 about issues like the submission of dishonest pleadings in bankruptcy courts to finally get Fannie Mae’s regulator to demonstrate any interest in holding these law firms accountable………………………………………Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930