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Nothing in Abacus suggests that Abacus Federal Savings plays fast and loose with Fannie Mae’s money. Quite the contrary! Of the 3,000 loans it sold to Fannie Mae, only 9 defaulted. abacus has a very low default rate. Moreover, none of the 31 questionable loans that were at issue in People v. Abacus was or is in default.

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Fannie Mae, Freddie Mac would need another bailout in severe economic crisis Finding the right leaders for the C-Suite NY Establishes Loss Mitigation, Fair Dealing Duties for Mortgage Servicers NY Establishes Loss Mitigation, Fair Dealing Duties for. – The Empire State’s banking department mandated servicers handling New York-based mortgages, "include a duty to pursue appropriate loss-mitigation efforts with homeowners, such as loan.Finding the Right, LLC is a Texas-based consulting firm offering technical assistance, training and program development assistance to organizations, agencies and criminal justice partners across the country and around the world.Higher loss severities on foreclosures will push servicers to short sales in 2011: Fitch The Express Scripts news comes at a sensitive time due to the Obama administration’s push for increased adoption of electronic. often leaving customers paying higher prices. ConsumerAffairs.com.Federal Housing Finance agency director mel watt said Fannie Mae and Freddie Mac. another injection of up to $190 billion to keep them solvent during a second financial crisis. “Until the American.

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BofA CEO: Housing market is fairly stable [VIDEO] Freddie Mac CEO: Job is public service, pay cap is symbolic NEW YORK (MarketWatch) — Lloyd Blankfein, chairman and chief executive of Goldman Sachs Group Inc. GS. including through implied government support of Fannie Mae and Freddie Mac. We watched as.Construction spending flatlines in May as homebuilding declines In October, home building fell 0.5%, while non-residential construction retreated 0.3% as declines in construction of medical facilities and shopping centres offset a gain in office construction. Government spending was up 0.8% in October, a rebound that reflected gains in both state and local projects and federal spending.CNN Business exclusive: Bank of America CEO says a recession. Chicago Mercantile Association: Certain market data is the property of.

This was the story of a bank turning in a loan officer for fraud. We have proven that companies who have balanced competition and do not commit fraud lead to the. the bank bailout and Freddie/Fannie have both been profitable for.. pardoned a Sheriff that had been found guilty by a Federal Judge of.

 · Law360’s John Kennedy reported that a New York state jury found Abacus Federal Savings Bank not guilty of residential mortgage fraud, falsifying business records, and.

Documentary film 'Abacus: Small Enough to Jail' nominated for Oscar Thomas Sung, Chairman of Abacus Federal Savings Bank (the Bank), announced today that Fannie Mae has restored its correspondent relationship with the Bank. The Bank had a contractual relationship to sell and service 1-4 Family loans with Fannie Mae for over 25 years.

LRES acquires InsideValuation InsideValuation, A Division of LRES is a leading provider . insidevaluation, a division of lres is a leading provider of valuation solutions insidevaluation, a division of lres® provides commercial and residential valuation solutions with timely and accurate evaluation data so that our clients can make strategic decisions about their real estate holdings.

themreport.com | June 9, 2015 . By Xhevrije West. Law360’s John Kennedy reported that a New York state jury found Abacus Federal Savings Bank not guilty of residential mortgage fraud, falsifying business records, and grand larceny charges on Thursday, a spokeswoman for Manhattan District Attorney Cyrus R. Vance Jr.’s office confirmed to the site.

Abacus Federal Savings. as “Fannie Mae -” the primary victim of the scam, along with taxpayers themselves, should the borrowers default, Vance said. The vast majority of the borrowers are current.

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