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Fannie Mae

Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Lead plaintiffs in a securities class action lawsuit against Fannie Mae and accounting firm KPMG LLP on May 7 asked a federal judge to approve a $ 153 million settlement that would end the lawsuit, which was brought in 2004 (In re: Fannie Mae Securities Litigation, No. 04-01639, […]

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Tweet Mortgage rates have fallen even further lately, and banks are implementing new incentive programs to entice home owners to refinance their mortgages. The average interest rate on a 30-year mortgage fell to 4.05% for the week ended December 23, 2011, and rates on “jumbo mortgages”, i.e. private loans usually larger than $417,000, are also at new […]

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