Legal
Stay in-the-know on legal news for the mortgage, housing and finance industries.
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Fannie Relaxes Underwriting Rules for Cash-Out Refis
Feb 06, 2009Government-sponsored entity Fannie Mae [stock FNM][/stock] announced in a memo dated from Wednesday that it has relaxed its underwriting rules for certain cash-out refinance activities for borrowers with Fannie-held mortgages. These “flexibilities” will include a relaxed eligibility criteria, as well as reduced documentation requirements, according to Fannie.
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American Home Acquires Citi Res Servicing Rights
Feb 05, 2009 -
Fidelity National Posts Narrowed $1.7 Million Quarterly Loss
Feb 05, 2009 -
Consumer Group: Let States Help to Oversee Banks
Feb 05, 2009 -
Jobless Claims Reach 26-Year High
Feb 05, 2009 -
Top Citi Executives Decline Retention and Incentive Awards
Jan 21, 2009 -
Mortgage Job Losses Ease
Jan 21, 2009 -
Turning to Tenants to Mitigate Foreclosure Losses
Jan 20, 2009 -
Virginia Joins Countrywide Settlement
Jan 14, 2009
