New York Attorney General Andrew M. Cuomo announced an agreement on Monday between his office and Freddie Mac and Fannie Mae under which the two largest purchasers of home loans will buy home mortgages only from those lenders that meet new standards that it is hoped will ensure independent and reliable...
James B. Lockhart, III, Director of the Office of Federal Housing Enterprise Oversight ( OFHEO ) took the New York State Attorney General to task Thursday for involving Freddie Mac and Fannie Mae in his investigation of subprime lending. OFHEO is, of course, the Federal agency charged with regulating...
New York State Attorney General Andrew Cuomo’s recently announced investigation of eAppraiselT , a division of First American reverberated throughout financial markets on Wednesday, contributing to a 361 point loss on Wall Street. The huge sell-off was helped along by a gloomy forecast by Washington...