Denver-based MountainView Servicing Group announced Monday that it is acting as adviser for the sale of a Fannie Mae and Freddie Mac mortgage servicing rights portfolio with an unpaid principal balance of about $10 billion. Features of the bulk servicing rights portfolio include 100 percent fixed-rate and first lien product, a weighted average original FICO score ...
When he was asked if Fannie Mae could have predicted the magnitude of the housing crash, Mudd said the GSE's predictions "undershot" what eventually happened and that to his knowledge, no one at Fannie Mae could have accurately predicted the extent of the housing crisis.
The post Former Fannie Mae CEO Testifies in FHFA v. Nomura Trial appeared first on DSNews.
The settlement was reached between four banks (Bank of America, JPMorgan Chase, Citi, and Wells Fargo) and the AG in January 2015 in Suffolk Superior Court to resolve claims that the banks lacked legal authority to foreclosure on homes when they did not own the mortgages on those homes.
The post Massachusetts AG Assists Homeowners Who Benefited from Settlement Over Unlawful Foreclosures appeared first on DSNews.
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