Tags: fannie mae
Record Corporate Losses
December 29th, 2012
in econ_news, syndication
Econintersect: In the 21st century there have been some colossal corporate losses. In a 27 December 2012 story, Investopedia described five of the biggest of all time; all occurred from 2001 onward. The list (in the order given by Investopedia): … more »
Bank of America: Sued for Defrauding Government
October 24th, 2012
in econ_news, syndication
Econintersect: Preet S. Baharara, U.S. attorney for Southern District of New York in Manhattan, has announced the filing of a civil complaint against the Bank of America (NYSE:BAC) charging the firm with defrauding the federal government. The suit was b… more »
Realtors: Secret REO Bulk Sales Damage Economy, Taxpayers
August 31st, 2012
in econ_news, syndication
Econintersect: The California Association of Realtors® (CAR) has issued a very negative statement of the bulk sales pilot initiative of FHFA (Federal Housing Finance Agency) and GSE (government sponsored enterprise - see editor's note below) Fannie Ma… more »
Woman Arrested Protesting Manipulated Foreclosure
April 30th, 2012
in econ_news
Econintersect: Ana Casas Wilson of South Gate, California, claims that her home is being foreclosed by Wells Fargo & Company (NYSE:WFC) unnecessarily. Wilson said that after she and her husband fell behind on payments in 2009 when she was receiving… more »
Fraudulent Mortgage Processing and Foreclosure Practices Go Back 20+ Years
February 5th, 2012
in econ_news
Econintersect: In 1988 Nye Lavalle (pictured), a successful sports management consultant, tried to pay off a $100,000 mortgage on his family’s Dallas home valued at about $175,000. All mortgage payments had been made on time and in full but the bank sa… more »
