The Impending Reform of Fannie Mae and Freddie Mac

According to the public listings of meetings, Treasury officials have met with executives from several leading banking institutions, including Wells Fargo, Morgan Stanley, Credit Suisse and Goldman Sachs.  Executives from these banks are proposing ideas publicly through trade groups suggesting they become the new housing and finance leaders helping to bundle individual mortgages into securities [...]

Baltimore Sues Wells Fargo, NAACP Backs Off

The city of Baltimore filed a complaint Wednesday against Wells Fargo & Co. in Federal Court claiming, “Wells Fargo’s discriminatory practices, and the resulting unnecessary foreclosures in the city’s minority neighborhoods, have inflicted significant, direct, and continuing financial harm on Baltimore”. Today the NAACP dropped their lawsuit against Wells Fargo & Co. after working with [...]

Lawsuits Canvas Top Mortgage Lenders

Class action lawsuits are popping up across the nation, not a surprise to many.  Law firms are announcing their formation of sub-prime lending task forces and teams. The top players in the mortgage service industry all face litigation: Bank of America, Wells Fargo & Co., JP Morgan Chase & Co. and Citigroup Inc.  In total [...]

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  • Federal Reserve Targets Big Banks
  • The Impending Reform of Fannie Mae and Freddie Mac
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