Fannie Mae and Freddie Mac react to apparent defects in foreclosure procedures

Yesterday, following announcements from Ally Financial and JP Morgan Chase of temporary suspensions of foreclosure efforts in certain states, Fannie Mae issued a statement yes

Filed under:
USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Mortgage loan, Foreclosure, Capital punishment, JPMorgan Chase, Bank of America, Ally Financial, Federal Housing Finance Agency
Authors:
David E Brown
Location:
USA
Firm:
Alston & Bird LLP
FHFA proposes rules on GSE conservatorships and receiverships

The Federal Housing Finance Agency (FHFA) has proposed new rules to "codify the terms of conservatorship and receivership operations for Fannie Mae, Freddie Mac and the Federal Home Loan Banks," as required by the Housing and Economic Recovery Act of 2008.

Filed under:
USA, Insolvency & Restructuring, Alston & Bird LLP, Shareholder, Breach of contract, Interest, Liability (financial accounting), American Recovery and Reinvestment Act 2009 (USA), Federal Deposit Insurance Corporation (USA), Federal Housing Finance Agency
Authors:
David E Brown
Location:
USA
Firm:
Alston & Bird LLP