Shareholders of Fannie Mae Going to Court to Grab Profits

Bill Ackerman, the same investor who is suing Herbalife, is now suing Fannie Mae. He claims that the profits belong to the shareholders who owned the insolvent Fannie Mae in 2008. The government has been taking most of the profits and using them to pay the treasury a 10% dividend.

Jaosn Brooks has written about the Fannie Mae vs. Ackerman lawsuit on checkrates.com 

As the meteoric rise of the housing market stabilizes, prices have begun to climb much more slowly. Most of the country is not back to pre-crisis peaks but many are. Notably Dallas and Denver have surpassed the peaks seen in 2007-2008.  There are many things about the recovery to be curious about. The most intriguing is the cash buyer. 40% of homes in 1Q 2014 were paid for with cash!

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FHA Loan Limits - V

Washington FHA Lending Limits
West Virginia FHA Lending Limits
Wisconsin FHA Lending Limits
Wyoming FHA Lending Limits
Alabama FHA Lending Limits
Alaska FHA Lending Limits
Arizona FHA Lending Limits
Arkansas FHA Lending Limits
California FHA Lending Limits       

FHA Loan Limits - IV

North Dakota FHA Lending Limits
Ohio FHA Lending Limits
Oklahoma FHA Lending Limits
Oregon FHA Lending Limits
Pennsylvania FHA Lending Limits
Rhode Island FHA Lending Limits
South Carolina FHA Lending Limits
South Dakota FHA Lending Limits
Tennessee FHA Lending Limits
Virginia FHA Lending Limits        

FHA Loan Limits - III

Mississippi FHA Lending Limits
Missouri FHA Lending Limits
Montana FHA Lending Limits
Nebraska FHA Lending Limits
Nevada FHA Lending Limits
New Hampshire FHA Lending Limits
New Jersey FHA Lending Limits
New Mexico FHA Lending Limits
New York FHA Lending Limits
North Carolina FHA Lending Limits        

FHA Loan Limits - II

Indiana FHA Lending Limits
Kansas FHA Lending Limits
Kentucky FHA Lending Limits
Louisiana FHA Lending Limits
Maine FHA Lending Limits
Maryland FHA Lending Limits
Massachusetts FHA Lending Limits
Michigan FHA Lending Limits
Minnesota FHA Lending Limits
        

FHA Loan Limits - I

Colorado FHA Loan Limits
Connecticut FHA Loan Limits
District of Columbia FHA Lending Limits
Hawaii FHA Lending Limits
Delaware FHA Lending Limits
Florida FHA Lending Limits
Idaho FHA Lending Limits
Iowa FHA Lending Limits
Illinois FHA Lending Limits       

Wells Fargo Routing - V

Wells Fargo Routing Number for Wisconsin
Wells Fargo Routing Number for Texas
Wells Fargo Routing Number for West Virginia
Wells Fargo Routing Number for Vermont
Wells Fargo Routing Number for Texas - El Paso
Wells Fargo Routing Number for American Forces Abroad    

Wells Fargo Routing - IV

Wells Fargo Routing Number for Virginia
Wells Fargo Routing Number for American Samoa
Wells Fargo Routing Number for Rhode Island
Wells Fargo Routing Number for Puerto Rico
Wells Fargo Routing Number for Washington
Wells Fargo Routing Number for North Mariana Islands
Wells Fargo Routing Number for Wyoming
Wells Fargo Routing Number for South Dakota
Wells Fargo Routing Number for South Carolina
Wells Fargo Routing Number for Tennessee        

Wells Fargo Routing - III

Wells Fargo Routing Number for Oregon
Wells Fargo Routing Number for Montana
Wells Fargo Routing Number for Nebraska
Wells Fargo Routing Number for North Dakota
Wells Fargo Routing Number for North Carolina
Wells Fargo Routing Number for New Hampshire
Wells Fargo Routing Number for Mississippi
Wells Fargo Routing Number for Oklahoma
Wells Fargo Routing Number for Pennsylvania
Wells Fargo Routing Number for Virgin Islands        

Wells Fargo Routing - II

Wells Fargo Routing Number for Nevada
Wells Fargo Routing Number for Missouri
Wells Fargo Routing Number for Massachusetts
Wells Fargo Routing Number for Michigan
Wells Fargo Routing Number for Ohio
Wells Fargo Routing Number for Minnesota
Wells Fargo Routing Number for New Mexico
Wells Fargo Routing Number for New York
Wells Fargo Routing Number for Louisiana
Wells Fargo Routing Number for New Jersey        

Wells Fargo Routing - I

Wells Fargo Routing Number for Florida
Wells Fargo Routing Number for Idaho
Wells Fargo Routing Number for Iowa
Wells Fargo Routing Number for Hawaii
Wells Fargo Routing Number for Indiana
Wells Fargo Routing Number for Kansas
Wells Fargo Routing Number for Kentucky
Wells Fargo Routing Number for Illinois
Wells Fargo Routing Number for Maine
Wells Fargo Routing Number for Maryland        

Wells Fargo Routing

Wells Fargo Routing Number for Alabama
Wells Fargo Routing Number for California
Wells Fargo Routing Number for Alaska
Wells Fargo Routing Number for Arizona
Wells Fargo Routing Number for Colorado
Wells Fargo Routing Number for Connecticut
Wells Fargo Routing Number for Delaware
Wells Fargo Routing Number for Delaware
Wells Fargo Routing Number for Georgia
Wells Fargo Routing Number for District of Columbia    

THE CFPB Rules on Qualified Mortgages Are In Effect

There is no doubt that the rules in effect on January 10th will hurt the industry in the short term. But in the long term the Qualified Mortgage rules will help the housing market by forcing lenders and borrowers to realistic about dealing specifically with a borrowers ability to repay the loan.

This will not stop all foreclosures. This will not stop all abuses. But it will go a long way to curbing the problem of homeowners taking on loans they obviously cannot afford and hitting up the taxpayer to clean up the mess later on.

You can visit the CFPB's website to learn more.