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...
Fannie Mae filed its second consecutive Form 12b-25 with the Securities and Exchange Commission (SEC) last week, reporting that it will not file its First Quarter 2005 10-Q report with that agency in a timely manner. Earlier this year the Fannie Mae Corporation filed a Form 12b-25 for Fourth Quarter...
So, why has appraisal fraud gained the foothold that it apparently has in the mortgage granting process ? Is anyone watching the store? According to the Demos Report, there are a lot of people who might be or maybe even are watching, but few who have both the power and the motivation to crack down on...
Mortgage giant Fannie Mae has filed Form 12b-25 with the Securities and Exchange Commission (SEC) to announce that it will be late - apparently very late - with its annual report to the regulator (Form 10-K) for the year ended December 31, 2004. The annual report was due March 15 with an automatic 15...