suits, administrative enforcement actions, and criminal prosecutions.. Raines, Fannie Mae's former CEO. I testified. to the Senate on financial derivatives and the role of control fraud in driving the crisis and I to.. common error, thinking that subprime and liar's loans were mutually exclusive categories. In.
But the judge largely denied a motion to dismiss the suit against Countrywide. The judge also dismissed claims against former Countrywide co-founder Angelo Mozilo and former executives David Sambol. Former Freddie mac ceo richard syron and two other former executives from the GSE have agreed to a settlement with the U.S. Securities and exchange commission (sec ) to resolve claims of fraud.
Home sales slowest since July 2012 Evergrande “adjusted the sales rhythm” in November to have a “reasonable base data” for 2012 after beating its. according to the data yesterday. Home sales last year rose 10 percent, the slowest.
April 2 (Reuters) – A former chief executive of Fannie Mae urged a federal judge to throw out a U.S. Securities and Exchange Commission fraud lawsuit. In its lawsuit, the SEC said Fannie Mae began.
· WASHINGTON (AP) – Franklin D. Raines, former chief executive of Fannie Mae, and two other top executives are paying a total of nearly $31.4.
Two former Fannie Mae executives have agreed to settle with the Securities and Exchange Commission (SEC) to resolve claims of fraud regarding Fannie Mae’s subprime exposure before the financial.
Henry Cisneros – Advice From a Former HUD Secretary Henry Cisneros, former HUD secretary, writes that the Gateway Tunnel is not just crucial for the regional economy but vital to our national interest. subscribe NOW for full access.
Formerlawsuit with SEC. Mudd was one of six executives at mortgage funding giants Fannie Mae ( FNMA.PK) and Freddie Mac ( FMCC.PK) sued by the SEC. The prosecutions were announced at a press conference in December 2011 but they ended in modest settlements over the following years.
· Work life balance, an ever elusive goal for many American corporate executives, has been given a fresh new meaning at fast-growing Teladoc Health, a provider of on-demand medical videoconferencing. But don’t expect to hear about generous paternity leave or a slick new gym at headquarters; this is one benefit that Teladoc Health definitely isn’t advertising.
Feds should do more to help underwater borrowers: Moody’s A no-fuss way to help homeowners avoid foreclosure.. and provide principal forbearance of some kind for certain underwater borrowers.. Borrowers must not have more than 20 percent equity in.
Fallout from SEC Charges Against Ex-Execs. FBN’s Elizabeth MacDonald breaks down today’s news that the SEC has charged six former Fannie Mae and Freddie Mac executives with fraud, and its impact.
COMMENTARY "Fraud pays." That’s what an executive at General Electric (GE) subsidiary WMC Mortgage told one of the subprime. the axe, former fannie mae executive caroline Herron sued the government.