1 Articles match "Cleveland","Consideration","Fannie Mae"

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New York Versus Freddie Mac: Round One
An investor in Dubai, London or Hong Kong — or in San Diego, Orlando or Cleveland — has no way to oversee lenders in Poughkeepsie, Buffalo or Utica. The biggest buyers of local mortgages are Fannie Mae and Freddie Mac. Personal defenses include lack of consideration, set off and fraud.” In other words, even a mortgage created by fraud becomes legitimatized if the loan is bought in good faith. New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
www.realtytrac.com - Tuesday, February 3, 2009
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  • New York Versus Freddie Mac: Round One
    An investor in Dubai, London or Hong Kong — or in San Diego, Orlando or Cleveland — has no way to oversee lenders in Poughkeepsie, Buffalo or Utica. The biggest buyers of local mortgages are Fannie Mae and Freddie Mac. Personal defenses include lack of consideration, set off and fraud.” In other words, even a mortgage created by fraud becomes legitimatized if the loan is bought in good faith. New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE