GSEs knew of foreclosure attorney abuses in 2003: FHFA-OIG

FHFA-OIG could not establish whether fannie mae complied with its obligation to notify OFHEO of the 2006 report of foreclosure abuses. Fannie Mae officials claim that they informed an OFHEO senior official of the report during a telephone conversation in 2006, but they have no record of the communication.

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"FHFA-OIG believes that there were multiple indicators of foreclosure abuse risk prior to 2010 that could have led FHFA to identify and act earlier on the issue," the IG’s report states. The IG’s investigation found there had been several warning signs that, if they had been observed, would have allowed the agency to identify risk well before.

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FHFA Duty to Serve Rule comments: Evens Auguste (Brockton, MA) thousands of Hustle loans to the GSEs that they knew did not meet their representations and warranties of quality. And after the loans defaulted, Bank of America has resisted buying many of them back, despite the presence of fraud, misrepresentation, and other obvious violations of GSE requirements.

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Financial Industry Review.. cases against a number of banks alleging false statements made in the offering documents for RMBS purchased by the GSEs between 2005 and 2007.. FHFA sought a ruling that no reasonable jury could find that the GSEs knew the banks’ statements were false.

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I am pleased to transmit the Federal Housing Finance Agency's.. an important role in efforts to limit preventable foreclosures, both to.. 2003. 2004. 2005. 2006. 2007. 2008. 2009. 2010. 2011. 2012. The suits allege violations of both federal.. and attorneys in carrying out the supervision of the.