Blogs

BofA Clash With Fannie Mae Escalates Over Loan Buyback Stance

AnaShyNa's picture

Submitted by AnaShyNa on

Bank of America Corp. (BAC) told Fannie Mae it refuses to cooperate with the U.S. mortgage firm’s new stance on loan buybacks, setting the lender up for a potential surge in claims and penalties.

The bank is disputing Fannie Mae’s demand that lenders repurchase mortgages or cover any losses themselves if an insurer drops coverage, Bank of America said this month in a regulatory filing. The lender, ranked second by assets among U.S. banks, said it “does not intend to repurchase loans” under what it deems to be new rules, and the refusal may trigger penalties or other sanctions.

At stake is Bank of America’s ability to contain costs from faulty mortgages, which have reached about $40 billion for refunds, lawsuits and foreclosures. The company set aside $278 million for loan buybacks in the third quarter, the least since Chief Executive Officer Brian T. Moynihan took over almost two years ago. Those expenses may rebound if Fannie Mae’s rules stand, the bank said.

Fannie Mae didn’t enforce this policy before because “it was a different economic time,” said David Felt, a former deputy general counsel at the Federal Housing Finance Agency, the regulator for Fannie Mae. Defaults were fewer and the firm didn’t want to harm relations with lenders by being too picky, he said. “They’d overlook the small things. Well, they’re no longer small things, and they’re no longer the old Fannie Mae.”

Taxpayer Costs

~Symptoms~

dollie's picture

Submitted by dollie on

 

~since 11.11.11 i have had many symptoms before and after headaches, sickness, waking between 2 and 4am seeing numbers in neon green, very indepth dreams especially flying, at certain times of day my mind auto looks for the clock and i see 11.11 or 15.15 it used to be 3.33 for 6 years constant every night the same, but now peace since i battled with something very dark and fought it with love, I see my starfriends nearly every day or night thats what i call them or galactics or my beautiful light beings, liana is what they called me and reasearch tells me it means god has answered,   so on 11.11.11 when i did meditation and i felt my christ conciesness within it physicaly made me cry with love x bless you beautiful ones for my heart is with you ~

I am not alone

Anonymous's picture

Submitted by Anonymous (not verified) on

"I am not alone..." those words as experienced on the 3D were comforting yet not quite complete.

In my new dimension with it's brilliant streaming frequency of Light from Source, those words became a profound realization to me yesterday.

 

Since the portal opening of 11.11.11, my near-constant communications with Motherfather god, Star Family and my Guides at first were glorious novelties that shook me to tears. As I learned more about this much improved clairaudience, I learned to truly "listen" to the guidance given. 

Yesterday, while attending a Reiki session with my dying father, I felt the total completeness of that message, "you are not alone."

Every conscious thought I have is always Lovingly accompanied by guidance, words of additional knowledge, or just the gentle hand on my head in reassurance.

 

I AM Boo-Damphir of the Melchizedek Brotherhood of the Light

I AM Love and insightfullness

I AM everything and nothing

I AM so very Blessed and not alone

LETTING GO of EGO-SERVICE To LOVE and 11~11~11

Sephora FyreByrd's picture

Submitted by Sephora FyreByrd on

~GALACTIC LOVE REPORTER SEPHORA FyreByrd~

 

 

PRETTY RECENTLY I POSTED A MESSAGE IN MY "NOTES" (on FaceBook) AND THAT SAME MESSAGE WAS ALSO POSTED HERE IN/ON GALACTIC FREE PRESS BY FATHER-MOTHER GOD TITLED "ARCHAEA FAITH and MICHAEL - LETTING GO Of EGO and SERVICE TO LOVE". I AM ARCHAEA/ArchAngel FAITH, MICHAEL'S TWIN FLAME/DIVYNE COMPLIMENT IN HU-man FORM.

 

THAT MESSAGE SPOKE VOLUMES ABOUT THE CHANGES AND JOURNEY THAT WE ALL ARE GOING THROUGH AS WE MAKE OUR WAYE THROUGHE THE UP-WARDE ASCENSION SPIRAL.

 

Rush: “The Speed Of Love” Song and its relation to the Love Energies All around.

RCTowers's picture

Submitted by RCTowers on

This is RC, an ascending Gaian, and I share my light and love with all life, as I live my life through love for all life.

 

 

 

 

Music has and always will be an integral part of my life, in particularly music from Rush and Dream Theater.

 

Below is the “you tube” link of the song, The Speed Of Love, by Rush.  Below the link is the written lyric of the song.

 

Stargazing on the trampoline

Rebeccaa's picture

Submitted by Rebeccaa on

While I lay there looking at the night sky

I see the wonders and wonder why

The breeze blows softly over my face

And I feel the oneness and I sigh

 

How much longer I cant wait

Will it be until we de-alienate

I want to be one and undone

To be that wonder and have some fun

Pleiadian Messages 11/8/11

Greg_ Giles's picture

Submitted by Greg_ Giles on

We wish to communicate with you from the Star Realms. All through your many lives incarnate within the physical vessel and the physical worlds, you were subjected to much trial and tribulation. You suffered many losses and you received little reciprocation for all your hard work. Your freedoms were squeezed from you little by little until only a semblance of your true natural state remained. It was then that you began to awaken. It was then that the light that remained within you began to shine brightly. It was then that you began to recall your sovereignty, and began to once again be the all powerful being that you are, you have always been, and you will always be. Such was the plan, conceived eons ago in your time, to assist you in your growing education and development and to forge powerful wings of gold that would allow you to freely travel the gorgeous multidimensional universes at will, according to your own terms and visions of what you would wish to experience. That day has come. You have made it. You have succeeded in passing all the tests and obstacles put before you. You were pushed to the brink of your collective breaking point, but you never broke. What has injured you so has only served to make you stronger, and stronger you are for the whole universe to see. Your Star Families are not unlike your 3rd dimensional parents who have raised you since birth. In a way, we have worried about you just as your moms or dads may have worried about your safety and future, although we always knew you would make it okay and complete your journey throughout duality unhurt and unscathed. It is now time to reunite with your Star Families from throughout space and throughout time.

Pages

Subscribe to RSS - blogs