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Tag: Freddie Mac

Friday Round-Up; Foreclosures Up Again, DeMarco Dances With Reductions; Bank Of America Sues Itself

Fri Apr 13, 2012 by on Florida Foreclosures

Foreclosures, repos up from last year in South Florida I said after the foreclosure settlement was announced that banks had been given the green light to rev up their foreclosures engines, and in South Florida at least, I’m being proven right. RealtyTrac’s numbers from last month show dramatic year-over-year increases in both new foreclosure filings (85%) and repossessions (39%) in […]

Fannie Mae and Freddie Mac: Past Their Prime

Wed Feb 15, 2012 by on Florida Law News

There were two players conspicuously absent when last week’s $25 Billion settlement was unveiled; two players that absolutely should have been front and center. What are their names? If you’ve followed the housing crisis as closely as we have, then you probably know. Our old and unwanted cousins Fannie and Freddie. Their omission from the settlement was perhaps its biggest […]

Week In Review: DeMarco Doesn’t Get It; Scheiderman Sues Banks over MERS; Swiss Bank Charged with Tax Evasion

Fri Feb 3, 2012 by on Florida Law News

Freddie Mac’s Regulator ‘Completely Puzzled’ by Allegations of Conflict If Edward DeMarco is puzzled by the outrage over the revelation that Freddie Mac was investing in securities that paid off if homeowners couldn’t refinance, then call us puzzled by his puzzlement. Either he’s a bold-faced liar or he is just plain dense. Does he really not get it? DeMarco, the […]

Freddie Mac — Playing Two-Face to the American Homeowner?

Tue Jan 31, 2012 by on Foreclosure Fraud

  Aaron Eckhart might have played Two-Face in the last Batman movie, but Freddie Mac seems to have settled into the role these days. Non-profit ProPublica and National Public Radio allege that Freddie Mac, which was set up to make home loans more accessible, was in fact betting against homeowners. It’s a highly disturbing, and completely shocking report. ProPublica’s Jessie […]

Week In Review: Federal Reserve Wakes Up; Fla. Foreclosures Down, Fannie Mae CEO Resigns, Banks Questioned Over Home Insurance Hikes

Now that the holidays are behind us and we’re well into the new year, news that will impact the foreclosure market in 2012 is starting to cross our desk. So what headlines were we talking about this week? Federal Reserve Wake-Up Call! This week we blogged about the Federal Reserve finally coming around and looking out for the homeowners, instead […]

Drug Dealer or Florida Homeowner: Who Does Constitution Really Protect?

Mon Dec 19, 2011 by on Florida Law News

The Oppenheim Law editorial team found this ironic: A drug dealer has more constitutional rights to protection from the government in his home than your average homeowner in foreclosure. In a case being appealed to the United States Supreme Court, the Florida Supreme Court recently held that because the “home” has a long standing history of receiving additional constitutional protect […]