fdic sues big banks over mortgage securitiesthe government has sued several big banks over toxic mortgage securities they issued that were bought by two small illinois banks which failed in may 2009.mortgage lenders face risk and additional cost of doing businesskroll factual data, inc. , a leading provider of independent verification services to mortgage lenders, banks, credit unions and property management firms, announced today that more than 14 percent of the loan files processed by kroll factual data in 2011, and in the first quarter of 2012, contained certain applicant-provided information that suggested the possibility of fraudulent activity.a borrower's guide to the mortgage applicationa mortgage application serves a simple purpose: to help the lender decide whether to lend money to the borrower. but the industry standard uniform residential loan application, also known as fannie mae ...residential mortgage backed roosters comin' home to roost as rmbs task force gets to workfirst the feds were looking at the the swath of mortgage-backed securities among federal home loan mortgage corporation (freddie mac), the federal national mortgage association (fannie mae), and the government national mortgage association (ginnie mae) (collectively, "MBS"). if you just go by the reports in the press and the swirling rumors on the street, a lot of banks are nervous: ally ... |
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