News & Analysis as of August 16, 2025

Fannie Mae

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

Fannie Mae: New Title, Closing Requirements for Multifamily Mortgages

Harris Beach Murtha PLLC on 8/5/2025

For the past few years, Fannie Mae, Freddie Mac and the Federal Housing Finance Agency have investigated suspect fraudulent deals. After the great financial crisis, several regulations were implemented to increase the number...more

Fannie Mae Updates Multifamily Loan Documents

Miles & Stockbridge P.C. on 7/18/2025

Fannie Mae recently announced updates to its Multifamily Loan Documents with Lender Letter (25-04). Since that time, Fannie Mae released a revised Lender Letter (25-04R) that changed the mandatory date for use of the loan...more

Fannie Mae Releases New Title, Closing Requirements for Multifamily Mortgage Loans

Miles & Stockbridge P.C. on 5/15/2025

Continuing a focus on knowing your clients and fraud, Fannie Mae released last week Title and Closing Requirements for Multifamily Mortgage Loans Form 4650, a comprehensive update that will impact how you set up future...more

FHFA Has Fraud on Its Mind

Bradley Arant Boult Cummings LLP on 4/21/2025

In recent days, Federal Housing Finance Agency (FHFA) Director Bill Pulte has made it clear that he believes fraud is a rampant problem at FHFA. In a stream of related activities, Pulte has called on the public to report...more

Fraud Verdict Against Countrywide & BofA Upheld

Bilzin Sumberg on 2/24/2015

BofA’s “hustling” attempt to overturn a $1.27 billion judgment against it and Countrywide—along with the individual defendant identified in the next paragraph, the “Defendants”—in the U.S. District Court for the Southern...more

BofA’s Countrywide Found Responsible For Defrauding Fannie Mae & Freddie Mac

Bilzin Sumberg on 10/25/2013

A federal jury ruled yesterday that Countrywide, now owned by Bank of America, defrauded Fannie Mae and Freddie Mac by selling them defective mortgages in advance of the great financial crisis of 2008. A former Countrywide...more

Bank of America Fraud Case Headed to Trial

Bilzin Sumberg on 8/28/2013

An order yesterday by U.S. District Judge Jed Rakoff in New York clears the way for a trial on September 23 in a government lawsuit accusing Bank of America Corp. of fraud in the sale of billions of dollars of toxic mortgage...more

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