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Home » Authors » Charles Wisniowski

Articles by Charles Wisniowski

Fannie Shareholders (Pre-Conservatorship) will Reap $170 Million from Settlement

October 27, 2014
Charles Wisniowski
The investor-plaintiffs claim that Fannie and two of the company’s former executives made false and misleading statements about the mortgage giant’s internal controls and its exposure to subprime.
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FHFA IG Among Growing List of Financial Regulators with Armed Agents

October 23, 2014
Charles Wisniowski
According to the most recently available data, 33 IG offices had roughly 3,500 agents authorized to carry firearms.
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Short Takes: A ‘Troubling’ Corporate Culture at Ocwen? / IMA Launches Crowd-Funding Unit / Massachusetts Loses Foreclosure Battle with GSEs / Reverse Stock Split for Mortgage REIT

October 23, 2014
Paul Muolo and Charles Wisniowski
Interactive Mortgage Advisors has launched RealPartner.com, a crowd funding platform giving accredited investors access to performing residential mortgages...
Read More

GSE Shareholders Look to Iowa Federal Court to Vacate DC Judge’s Dismissal

October 22, 2014
Charles Wisniowski
An investor in GSE stock, Continental’s counsel in the case is Cooper & Kirk, the same law firm that represents Fairholme, a large hedge fund that bought up GSE stock last year.
Read More

Short Takes: Who Might Guaranteed Rate Buy? / RPM Eyes Two More Lenders / A Non-QM IPO Already? Really? / Fitch Upgrades Shellpoint on Servicing / New Appraisal Tool From Fannie Mae / More Trouble for Nonbanks and MSRs?

October 22, 2014
Brandon Ivey, Paul Muolo, and Charles Wisniowski
We even heard one report that a non-QM firm is contemplating an initial public offering. It sounds crazy, we know…Meanwhile, it appears the states want a say in MSR transfers...
Read More

New Attorney General Likely to Continue Aggressive Use of FIRREA in Mortgage Fraud Cases

October 21, 2014
Charles Wisniowski
FIRREA – ushered in during the nation’s savings and loan crisis – has four notable elements which make it an attractive path to prosecution...
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Judge Won't Give Former Fannie CFO Access to Documents in Hedge Fund Case

October 17, 2014
Charles Wisniowski
Government attorneys sought to block Howard’s access on the grounds that he owns Fannie shares and would be biased.
Read More

FSR, NAFCU Weigh In on the Single GSE Security

October 15, 2014
Charles Wisniowski
Officially launched a year ago, the Bethesda, MD-based Common Securitization Solutions has no chief executive officer or chairman but continues to hire staff.
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Short Takes: Walter Joins the ‘New Low’ Club / When Will the ‘Dark Days’ End for the Public Nonbanks? / ETA on Wingspan Announcement? / MBA Wants Faster Action on a Single Security / In MI We Trust

October 14, 2014
Paul Muolo and Charles Wisniowski
Specialty servicer Wingspan is expected to issue a press release this week, providing some clarity about a change of control at the company and the future of its founder...
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How About an ‘Administrative Solution’ to the Fannie/Freddie Dilemma?

October 10, 2014
Charles Wisniowski
Here's a fact that most readers may not know: the Housing and Economic Recovery Act of 2008 grants the FHFA the authority to bring Fannie Mae and Freddie Mac out of conservatorship.
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