Seventeen lawyers from Wachtell, Lipton, Rosen & Katz drafted the agreement governing the Treasury Department’s takeover of Fannie Mae and Freddie Mac, according to a lead partner on the legal…
Plaintiffs securities law firm Coughlin Stoia Geller Rudman & Robbins filed suit against Fannie Mae just one day after its takeover by the government was announced.
A former colleague says the general counsel of Fannie Mae is well-suited to help restore confidence at the mortgage giant taken over by the federal government last weekend, if she…
Updated: The announcement this weekend of a U.S. takeover of the nation’s two mortgage giants followed failed talks with potential Freddie Mac investors at the headquarters of Goldman Sachs and…
An FBI official foresaw in 2004 that mortgage fraud was a ticking time bomb. But the agency didn’t devote enough resources to protect the nation’s economy from what has proved…
In a move that could serve as a model for other troubled banks and homeowners struggling to make their mortgage payments, the FDIC announced a plan today to allow delinquent…
A settlement requiring a bankruptcy trustee in Pittsburgh to refrain from criticizing Countrywide Financial Corp. is being criticized by the U.S. Justice Department.
In the 1990s, a reference to Kaye Scholer became shorthand for the power of federal regulators to punish law firms for misleading tactics in their representation of a client, in…
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