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Entries in Fannie Mae (2)

Monday
Feb242014

Financial institutions . . . In the News

  • Maine’s Northeast Bancorp gains prior Obama Cabinet member.  (Bangor Daily News 1.24.2014)
  • Maine banks and credit unions collaborate on training and education to stop elder financial abuse.  (Bangor Daily News 2.10.2014)
  • Federal banking changes allow Maine medical marijuana sellers access to banks.  (Maine Public Broadcasting Network 2.14.2014)
  • Fixed rate mortgages rise in U.S.  (Portland Press Herald 2.21.2014) 
  • Fannie Mae repays taxpayer bailout with $7.2 billion dividend.  (Kennebec Journal 2.21.2014)
  • U.S. Government receives about $9 million more from Fannie Mae than it drew from the government.  (Bangor Daily News 2.23.2014)
  • Maine home sales in January 2014 increased 8.6% over sales in January 2013.  (Portland Press Herald 2.21.2014)
Friday
Dec092011

Robosigning Scandal: Maine Supreme Court condemns practice, declines to impose more penalities

On December 6, 2011, Maine’s highest court ruled that GMAC would not be subject to contempt of court penalties for its role in a national robo-signing scandal for foreclosures. But the Court’s ruling did not excuse GMAC’s behavior.

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