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New York Foreclosure Firm Admits To Cheating Fannie Mae Va Out Of Millions - Latest News


New York foreclosure firm admits to cheating Fannie Mae, VA out of millions

A New York foreclosure law firm admitted to defrauding Fannie Mae and the Department of Veterans Affairs out of millions of dollars by using its affiliated companies to “systematically” overcharge the ... read more

Fannie Mae turned a 'willful blind eye' to warnings two years before it collapsed

US mortgage giant Fannie ... Fannie Mae regularly filed false foreclosure documents. After contacting Fannie Mae executives, warning them of his worrying findings they hired a Washington law firm to ... read more

Ambac Sues BofA; Golden First Mortgage's Judgment; Fannie, Freddie, FHA Updates

Happy New Year to Bank of America! Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars ... let's see what Freddie, Fannie, and HUD (FHA, VA, and USDA) have been up ... read more

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Where Are They Now? Seven Villains of the Financial Crisis

In 1969, he was playing bridge professionally in New York when fellow player Alan "Ace" Greenberg ... Senator Christopher Dodd, and dozens of Fannie Mae employees -- who received sweetheart mortgage ... read more


SEC Failure to Regulate MBS Resulted in 'Interconnected Ponzi Scheme With Various Types of Concurrent Fraud'

Obama Avoids Political Suicide With Pocket Veto The New York Times reports Obama Plans to Veto Foreclosure ... Fannie Mae. This trick will be to pass a bailout that does not look like one. If that can ... read more

Your Guide to the Latest Efforts to Hold Big Banks Accountable

Bucking the trend of banks settling out of court, Bank of America went to trial to fight Justice Department allegations that it had lied to Fannie Mae and Freddie ... that led to the foreclosure ... read more

$100 million for firm without offices, 1 agent?

WASHINGTON (AP) — Companies overseeing millions of mortgage loans appear to be skirting new federal regulations and legal settlements ... we will work with Fannie Mae and Freddie Mac to address it," ... read more

SEC Failure to Regulate Mortgage Backed Securities Resulted in Ponzi Scheme Fraud

Obama Avoids Political Suicide With Pocket Veto The New York Times reports Obama Plans to Veto Foreclosure ... mortgage giants Fannie Mae and Freddie Mac, GMAC, and the Mortgage Bankers Association. ... read more

Is McCain Coming Back?

McCain advisers insist that since last Wednesday's final debate in New York, their candidate has slowly ... 7 -- the day that Fannie Mae and Freddie Mac were bailed out by the U.S. government -- ... read more

GSE Attempts To Help Mortgage Market Squashed

As far back as 2005 President Bush spoke out against the large portfolios maintained by the two firms ... an editorial on Friday The New York Times endorsed an effort to allow Freddie and Fannie to ... read more

Candidate Interviews Get '60 Minutes' of Prime-Time Attention

Cuomo, the Democratic attorney general of New York and a member of Bill Clinton's Cabinet ... by Karl Rove and targeted by a key congressional Democrat for budget cuts -- out of the federal government ... read more

New York foreclosure firm accused of cheating Fannie Mae out of millions

A New York foreclosure law firm allegedly used its affiliated companies to “systemically” overcharge for foreclosure-related services and defraud Fannie Mae out of “millions of dollars,” the ... read more



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