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Volume 15 - Number 1

December 30, 2014

FHFA Fights to Keep GSEs In Front on Foreclosures

The Federal Housing Finance Agency is fighting state-level court actions that threaten the first-lien status of loans backed by Fannie Mae and Freddie Mac, including a recent ruling in Nevada granting a homeowners association priority in collecting unpaid HOA fees ahead of the mortgage lender in a foreclosure. The regulator has filed separate actions in federal court in Nevada seeking to overturn recent state court rulings allowing HOAs to jump to the front of the creditor list with ...

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

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