Mortgage

Fannie more than half way through with outstanding buyback requests

Fannie Mae is about three quarters of the way through its effort to force banks to buy back failed loans originated at the housing bubble’s peak, its Chief Executive Officer Timothy Mayopoulos said today.

The company’s $11.7 billion settlement with ()(), announced yesterday, takes care of a significant portion of its outstanding buyback requests, Mayopoulos said at a Bloomberg Government breakfast in Washington.

 

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Spouse of Quicken Loans executive sues AIME’s Anthony Casa for defamation

Theresa Niemiec, wife of Quicken Loans Executive Vice President Austin Niemiec, has filed a defamation lawsuit against Anthony Casa, CEO of the Association of Independent Mortgage Experts, for comments he made about her in a video message that he filmed and sent to her husband and others in the mortgage industry.

Jul 12, 2020 By
3d rendering of a row of luxury townhouses along a street

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