Big Banks Fail 2012 Fannie Mae Star Program

Sellers of residential mortgage loans face serious financial risks if they sign purchase agreements without careful review. Key provisions on fraud, defaults, materiality, and survival periods can create unlimited liability well beyond any profit earned.

Fannie Mae has reached a historic $53 million settlement with the National Fair Housing Alliance (“NFHA”) and local fair housing organizations throughout the U.S. to resolve racial discrimination claims concerning Fannie Mae’s management and marketing of real estate owned (“R...

The mortgage industry’s first “crypto-mortgage” has been issued by a financial technology firm. Presaging what could become a widespread loan product, the value of an applicant’s bitcoin or other cryptocurrency is used to qualify for the loan. Read to learn more about the bu...