3554099459548430 ++++++++++++++++++++++++++++++
Post# of 28526
Posted On: 05/01/2014 7:59:50 PM
3554099459548430
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ </span><br style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" /><br style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" /><span style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px; text-decoration: underline;"><strong>BAC PAID $11.6 BILLION, CITIBANK PAID $968 MILLION </strong></span><br style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" /><br style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" /><strong style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;">
Fannie Mae and <span style="text-decoration: underline;">Bank of America resolution $11.6 billion on January 07, 2013</span>. </strong><br style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" /><br style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" /><em style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;">Fannie Mae announced a comprehensive resolution with Bank of America, including a $10.3 billion agreement on existing and prospective repurchase requests on a specified population of loans and an additional payment of $1.3 billion to address servicing issues. <br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=5rOBhgW2ASOZou853ylAkw" target="_blank">http://www.fanniemae.com/portal/about-us/media/financial-news/2013/5910.html</a> <br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=pYsQFkzEa_99QdeZfMV.Eg" target="_blank">http://phx.corporate-ir.net/phoenix.zhtml?c=108360&p=irol-SECText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTg2NDUzNzUmRFNFUT0wJlNFUT0wJlNRREVTQz1TRUNUSU9OX0VOVElSRSZzdWJzaWQ9NTc%3d</a><br /><br /><strong>9) Citigroup to Pay Fannie Mae $968 Million Over Mortgage Claims Citi said most of the settlement amount would be covered by the bank's existing mortgage repurchase reserves.</strong> <br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=qSSJOT.csj5FmAWdNfeaHA" target="_blank">http://dealbook.nytimes.com/2013/07/01/citigroup-to-pay-fannie-ma-968-million-over-mortgage-claims/?partner=yahoofinance&_r=0</a> <br /><br />================================================================== <br /><br /><strong>10)</strong> <em><span style="text-decoration: underline;"><strong>FNMA's source of profit</strong>:</span> Fannie Mae's single-family serious delinquency rate has declined each quarter since the first quarter of 2010, and Delinquency Rate fell to 2.83% in May compared with 5.47 percent as of March 31, 2010. <br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=_9zjas_.qYOumt14fGvRrw" target="_blank">http://www.fanniemae.com/resources/file/ir/pdf/monthly-summary/053113.pdf</a>, <br /><br />
<br /><strong><br /><span style="text-decoration: underline;">11) FNMA winding down theory collapsed because</span></strong> <br /><br /><strong>The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac<span style="color: #ff0000;"> to extend the Home Affordable Refinance Program by two years to Dec. 31, 2015</span>.</strong>. ALSO THE COMPANY POSTS MONSTER PROFITS. <br /><br /><br />By Christina Mlynski <br />o April 11, 2013 o 10:07am <br /><em><br />The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program by two years to Dec. 31, 2015. <br /><br />The program was set to expire at the end of this year. <br /><br />FHFA determined that extending the program will provide borrowers additional opportunities to refinance, give clear guidance to lenders and reduce losses for the government-sponsored enterprises and taxpayers. <br /><br />"More than 2 million homeowners have <a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=.xpCTXeKYJoz3lOiTvjghw" target="_blank"><span style="color: #0000ff;">refinanced</span></a> through HARP, proving it a useful tool for reducing risk," said Ed DeMarco, acting director of the FHFA. <br /><br />He added, "We are extending the program so more underwater borrowers can benefit from the <a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=.xpCTXeKYJoz3lOiTvjghw" target="_blank"><span style="color: #0000ff;">lower interest rates</span></a>." <br /><br />Additionally, FHFA will soon launch a campaign to inform homeowners about HARP. The campaign will educate consumers about the program, its eligibility requirements and provide options on how to utilize the program before it ends. </em><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=MBbtis9mBJqTxuI9NPplBw" target="_blank">http://www.housingwire.com/news/2013/04/11/fhfa-extends-harp-2015</a> <br /><br /><br /><em><strong>Fannie and Freddie's regulator recently announced a two-year extension for HARP. The program had had been slated to expire at the end of this year, and will now run through 2015. <br /></strong></em><br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=t4GzIC9OcYDPKU8_WMTQww" target="_blank">http://blogs.marketwatch.com/thetell/2013/04/24/struggling-homeowners-take-record-share-of-refinancing/</a> <br />
<br /><br /><strong>12) ACCORDING TO FHFA, CONSERVATORSHIP WILL END SOON</strong> <br /><br /><strong>Q: What are the goals of this conservatorship? <br /></strong><br />A: <em> The purpose of appointing the Conservator is to preserve and conserve the Company's assets and property and to put the Company in a sound and solvent condition. The goals of the conservatorship are to help restore confidence in the Company, enhance its capacity to fulfill its mission, and mitigate the systemic risk that has contributed directly to the instability in the current market. There is no reason for concern regarding the ongoing operations of the Company. The Company's operation will not be impaired and business will continue without interruption.</em> <br /><strong>Q: When will the conservatorship period end? <br /></strong><br />A:<em> Upon the Director's determination that the Conservator's plan to restore <span style="text-decoration: underline;">the Company to a safe and solvent condition has been completed successfully, the Director will issue an order terminating the conservatorship.</span> At present, there is no exact time frame that can be given as to when this conservatorship may end. <br /></em><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=ETxQqZTc8uM9ubQw5JZtTQ" target="_blank">http://www.fhfa.gov/webfiles/35/FHFACONSERVQA.pdf</a> <br />
<br /><br /><strong>13) <span style="text-decoration: underline;">FHFA new annual Report:</span> <strong><em><span style="color: #ff0000;">The Enterprises cannot remain in conservatorship permanently</span>, and expanding private sector participation is essential for the long-term health of the mortgage market.</em></strong> <br /></strong><br />PAGE 6 <br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=9wBExumcd158C_zXFMnLbw" target="_blank">http://www.fhfa.gov/webfiles/25320/FHFA2012_AnnualReport.pdf</a> <br />
<br /><br /><strong>14) INTERESTING!! <span style="color: #ff0000;">White House</span> budget <span style="color: #ff0000;">document says FNMA/FMCC are privately owned company</span>
!), it didn't say THE GOVERNMENT ENTERPRISES.</strong> <br /><br /><em>The Federal National Mortgage Association (Fannie Mae) is a <br />Government-sponsored enterprise (GSE) in the housing finance <br />market. As a housing GSE, <span style="color: #ff0000;"><span style="text-decoration: underline;"><strong>Fannie Mae is a federally chartered, privately owned company with a public mission</strong></span></span> to provide stability in and to increase the liquidity of the residential <a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=.xpCTXeKYJoz3lOiTvjghw" target="_blank"><span style="color: #0000ff;">mortgage market</span></a> and to help increase the availability of mortgage credit to low- and moderate-income families and in underserved areas. Fannie Mae engages primarily in two forms of business: guaranteeing residential <a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=.xpCTXeKYJoz3lOiTvjghw" target="_blank"><span style="color: #0000ff;">mortgage securities</span></a> and investing in portfolios of residential mortgages</em> <br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=x3BVEdPQPbNq9muf2Qa6CQ" target="_blank">http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/gov.pdf</a> <br />================================================================== <br /><br /><strong>15) FNMA/FMCC Shareholders Challenge U.S. Takeover in Suit <br />The shareholders' complaint seeking $41 billion</strong> in damages was filed by the <span style="text-decoration: underline;">Seattle-based law firm Hagens Berman Sobol Shapiro LLP, a lead counsel in class-action lawsuits including those against Toyota Motor Corp.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ </span><br style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" /><br style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" /><span style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px; text-decoration: underline;"><strong>BAC PAID $11.6 BILLION, CITIBANK PAID $968 MILLION </strong></span><br style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" /><br style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" /><strong style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;">
Fannie Mae and <span style="text-decoration: underline;">Bank of America resolution $11.6 billion on January 07, 2013</span>. </strong><br style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" /><br style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" /><em style="font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;">Fannie Mae announced a comprehensive resolution with Bank of America, including a $10.3 billion agreement on existing and prospective repurchase requests on a specified population of loans and an additional payment of $1.3 billion to address servicing issues. <br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=5rOBhgW2ASOZou853ylAkw" target="_blank">http://www.fanniemae.com/portal/about-us/media/financial-news/2013/5910.html</a> <br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=pYsQFkzEa_99QdeZfMV.Eg" target="_blank">http://phx.corporate-ir.net/phoenix.zhtml?c=108360&p=irol-SECText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTg2NDUzNzUmRFNFUT0wJlNFUT0wJlNRREVTQz1TRUNUSU9OX0VOVElSRSZzdWJzaWQ9NTc%3d</a><br /><br /><strong>9) Citigroup to Pay Fannie Mae $968 Million Over Mortgage Claims Citi said most of the settlement amount would be covered by the bank's existing mortgage repurchase reserves.</strong> <br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=qSSJOT.csj5FmAWdNfeaHA" target="_blank">http://dealbook.nytimes.com/2013/07/01/citigroup-to-pay-fannie-ma-968-million-over-mortgage-claims/?partner=yahoofinance&_r=0</a> <br /><br />================================================================== <br /><br /><strong>10)</strong> <em><span style="text-decoration: underline;"><strong>FNMA's source of profit</strong>:</span> Fannie Mae's single-family serious delinquency rate has declined each quarter since the first quarter of 2010, and Delinquency Rate fell to 2.83% in May compared with 5.47 percent as of March 31, 2010. <br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=_9zjas_.qYOumt14fGvRrw" target="_blank">http://www.fanniemae.com/resources/file/ir/pdf/monthly-summary/053113.pdf</a>, <br /><br />
<br /><strong><br /><span style="text-decoration: underline;">11) FNMA winding down theory collapsed because</span></strong> <br /><br /><strong>The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac<span style="color: #ff0000;"> to extend the Home Affordable Refinance Program by two years to Dec. 31, 2015</span>.</strong>. ALSO THE COMPANY POSTS MONSTER PROFITS. <br /><br /><br />By Christina Mlynski <br />o April 11, 2013 o 10:07am <br /><em><br />The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program by two years to Dec. 31, 2015. <br /><br />The program was set to expire at the end of this year. <br /><br />FHFA determined that extending the program will provide borrowers additional opportunities to refinance, give clear guidance to lenders and reduce losses for the government-sponsored enterprises and taxpayers. <br /><br />"More than 2 million homeowners have <a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=.xpCTXeKYJoz3lOiTvjghw" target="_blank"><span style="color: #0000ff;">refinanced</span></a> through HARP, proving it a useful tool for reducing risk," said Ed DeMarco, acting director of the FHFA. <br /><br />He added, "We are extending the program so more underwater borrowers can benefit from the <a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=.xpCTXeKYJoz3lOiTvjghw" target="_blank"><span style="color: #0000ff;">lower interest rates</span></a>." <br /><br />Additionally, FHFA will soon launch a campaign to inform homeowners about HARP. The campaign will educate consumers about the program, its eligibility requirements and provide options on how to utilize the program before it ends. </em><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=MBbtis9mBJqTxuI9NPplBw" target="_blank">http://www.housingwire.com/news/2013/04/11/fhfa-extends-harp-2015</a> <br /><br /><br /><em><strong>Fannie and Freddie's regulator recently announced a two-year extension for HARP. The program had had been slated to expire at the end of this year, and will now run through 2015. <br /></strong></em><br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=t4GzIC9OcYDPKU8_WMTQww" target="_blank">http://blogs.marketwatch.com/thetell/2013/04/24/struggling-homeowners-take-record-share-of-refinancing/</a> <br />
<br /><br /><strong>12) ACCORDING TO FHFA, CONSERVATORSHIP WILL END SOON</strong> <br /><br /><strong>Q: What are the goals of this conservatorship? <br /></strong><br />A: <em> The purpose of appointing the Conservator is to preserve and conserve the Company's assets and property and to put the Company in a sound and solvent condition. The goals of the conservatorship are to help restore confidence in the Company, enhance its capacity to fulfill its mission, and mitigate the systemic risk that has contributed directly to the instability in the current market. There is no reason for concern regarding the ongoing operations of the Company. The Company's operation will not be impaired and business will continue without interruption.</em> <br /><strong>Q: When will the conservatorship period end? <br /></strong><br />A:<em> Upon the Director's determination that the Conservator's plan to restore <span style="text-decoration: underline;">the Company to a safe and solvent condition has been completed successfully, the Director will issue an order terminating the conservatorship.</span> At present, there is no exact time frame that can be given as to when this conservatorship may end. <br /></em><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=ETxQqZTc8uM9ubQw5JZtTQ" target="_blank">http://www.fhfa.gov/webfiles/35/FHFACONSERVQA.pdf</a> <br />
<br /><br /><strong>13) <span style="text-decoration: underline;">FHFA new annual Report:</span> <strong><em><span style="color: #ff0000;">The Enterprises cannot remain in conservatorship permanently</span>, and expanding private sector participation is essential for the long-term health of the mortgage market.</em></strong> <br /></strong><br />PAGE 6 <br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=9wBExumcd158C_zXFMnLbw" target="_blank">http://www.fhfa.gov/webfiles/25320/FHFA2012_AnnualReport.pdf</a> <br />
<br /><br /><strong>14) INTERESTING!! <span style="color: #ff0000;">White House</span> budget <span style="color: #ff0000;">document says FNMA/FMCC are privately owned company</span>
!), it didn't say THE GOVERNMENT ENTERPRISES.</strong> <br /><br /><em>The Federal National Mortgage Association (Fannie Mae) is a <br />Government-sponsored enterprise (GSE) in the housing finance <br />market. As a housing GSE, <span style="color: #ff0000;"><span style="text-decoration: underline;"><strong>Fannie Mae is a federally chartered, privately owned company with a public mission</strong></span></span> to provide stability in and to increase the liquidity of the residential <a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=.xpCTXeKYJoz3lOiTvjghw" target="_blank"><span style="color: #0000ff;">mortgage market</span></a> and to help increase the availability of mortgage credit to low- and moderate-income families and in underserved areas. Fannie Mae engages primarily in two forms of business: guaranteeing residential <a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=.xpCTXeKYJoz3lOiTvjghw" target="_blank"><span style="color: #0000ff;">mortgage securities</span></a> and investing in portfolios of residential mortgages</em> <br /><br /><a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=x3BVEdPQPbNq9muf2Qa6CQ" target="_blank">http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/gov.pdf</a> <br />================================================================== <br /><br /><strong>15) FNMA/FMCC Shareholders Challenge U.S. Takeover in Suit <br />The shareholders' complaint seeking $41 billion</strong> in damages was filed by the <span style="text-decoration: underline;">Seattle-based law firm Hagens Berman Sobol Shapiro LLP, a lead counsel in class-action lawsuits including those against Toyota Motor Corp.
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