Freddie Mac Fair Fund Distribution Agent Announces Notice of Distribution Plan

On December 28, 2016, Chief Judge Royce C. Lamberth, United States District Judge for the District of Columbia issued an Order approving the Distribution Plan in the matter of SEC v. Federal Home Loan Mortgage Corporation, David W. Glenn, Vaughn A. Clarke, Robert C. Dean and Nazir G. Dossani (“Defendants”).

The Distribution Plan provides that the disgorged profits, prejudgment interest and civil penalties paid to the Clerk of the Court and placed into an interest-bearing account with the Court Registry Investment System (“CRIS”), totaling approximately $50.75 million (“Freddie Mac Fair Fund”), shall be distributed for the benefit of injured investors who purchased Freddie Mac common stock and suffered a Recognized Loss pursuant to the Plan of Allocation.

The Court has appointed Gilardi Co. LLC as the Distribution Agent to distribute to Freddie Mac investors who qualify under the Court-approved Plan of Distribution.

HOW TO OBTAIN COMPENSATION

If you believe you are a Potentially Eligible Claimant and would like to participate, you must complete the Proof of Claim Form completely, sign it, include copies of all required supporting documentation, and return it to: 

Freddie Mac Fair Fund
c/o Gilardi Co. LLC
Distribution Agent
P.O. Box 43452
Providence, RI 02940-3452

A Proof of Claim Form can be obtained by visiting the website, www.FreddieMacFairFund.com, clicking the Case Documents tab, and choosing the “Proof of Claim Form.”  You can also request that a Notice and Proof of Claim Form packet be sent to you via mail by calling (877) 401-1797.

YOUR COMPLETED AND SIGNED PROOF OF CLAIM FORM, WITH ALL OF THE REQUIRED SUPPORTING DOCUMENTATION, MUST BE POSTMARKED NO LATER THAN JULY 10, 2017 (THE “FILING DEADLINE”), AND SENT TO THE DISTRIBUTION AGENT.

ADDITIONAL INFORMATION

This notice provides only summary information regarding the action.  We strongly recommend that you read the Plan of Distribution, including the Plan of Allocation, and other relevant case documents in their entirety for more complete details.  The documents can be found at www.FreddieMacFairFund.com or the website maintained by the Commission at https://www.sec.gov/divisions/enforce/claims.htm, by calling the dedicated toll-free number at (877) 401-1797 or by sending an email inquiry to info@FreddieMacFairFund.com.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/freddie-mac-fair-fund-distribution-agent-announces-notice-of-distribution-plan-300422030.html

SOURCE Freddie Mac Fair Fund Distribution Agent

Related Links

http://www.freddiemacfairfund.com

Freddie Mac Forgoes Issuing a Reference Notes Security on its March 20, 2017 Announcement Date

MCLEAN, VA, Mar 20, 2017 (Marketwired via COMTEX) — MCLEAN, VA–(Marketwired – Mar 20, 2017) – Freddie Mac (otcqb:FMCC) announced today that it will forgo issuing a Reference Notes® security on its March 20, 2017 announcement date. The company’s 2017 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities. 

This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commission (SEC) on February 16, 2017; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2016, excluding any information “furnished” to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information “furnished” to the SEC on Form 8-K.

Freddie Mac’s press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company’s Annual Report on Form 10-K for the year ended December 31, 2016, and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC’s website.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

� 2017 Nasdaq, Inc. All rights reserved.

Freddie Mac Forgoes Issuing a Reference Notes Security on its March 20, 2017 Announcement Date

MCLEAN, VA, Mar 20, 2017 (Marketwired via COMTEX) — MCLEAN, VA–(Marketwired – Mar 20, 2017) – Freddie Mac (otcqb:FMCC) announced today that it will forgo issuing a Reference Notes® security on its March 20, 2017 announcement date. The company’s 2017 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities. 

This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commission (SEC) on February 16, 2017; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2016, excluding any information “furnished” to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information “furnished” to the SEC on Form 8-K.

Freddie Mac’s press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company’s Annual Report on Form 10-K for the year ended December 31, 2016, and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC’s website.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

� 2017 Nasdaq, Inc. All rights reserved.

NAGLREP Calls on NAR to Join Support for LGBT-Focused Bills …

The National Association of Gay and Lesbian Real Estate Professionals (NAGLREP) is calling on the National Association of REALTORS® (NAR) to join support for two bills that would positively impact the LGBT community, sending letters to NAR CEO Dale Stinton, NAR President Bill Brown and members of the NAR leadership team, the organization recently announced.

One bill, submitted by Scott Taylor (R-VA), would “extend protections of the Fair Housing Act to persons suffering discrimination on the basis of sexual orientation and gender identity.” The other, submitted by David Cicilline (D-RI), co-chair of the Congressional LGBT Equality Caucus, would reintroduce the Equality Act, prohibiting discrimination against the LGBT community in credit, education, employment, federal funding, housing, jury service and public accommodations. Both addressed the bills at the first NAGLREP Housing Policy Summit in March.

“It was a monumental day in the 10-year history of NAGLREP to have such critical discussions with two esteemed members of Congress,” says John Graff, chair of the NAGLREP Policy Committee and REALTOR® with the John Graff Group in Los Angeles. “Both Mr. Cicilline and Mr. Taylor explained they are working on their bills because they are fair and the right thing to do. NAGLREP fully expects NAR to join us in fully supporting both bills and join us in working to eliminate any and all housing discrimination.”

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“NAGLREP has an important role to work with such distinguished members of Congress, and we recognize we are living in uncertain times and were reminded during the Summit how important it is for all us to share our views with our national and state leaders,” says Jeff Berger, founder of NAGLREP. “While not everyone aspires to be an advocate, it is critical that all of us in the real estate community do what we can to eliminate housing discrimination against anyone.”

NAGLREP is encouraging REALTORS® to contact their state representative in support of the bills here.

For more information, please visit www.naglrep.com.

For the latest real estate news and trends, bookmark RISMedia.com.

Can housing keep chugging despite headwinds?

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Five Boise Regional Realtors members inducted into NAR Emeritus Society

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Fannie Mae Prices $1.03 Billion Multifamily DUS REMIC (FNA 2017-M3) Under Its GeMS Program

WASHINGTON, March 21, 2017 /PRNewswire/ — Fannie Mae (FNMA/OTC) priced its third Multifamily DUS® REMIC in 2017 totaling $1.03 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on March 16, 2017.

“Investors had to contend with a snowstorm, a Fed rate hike, and their basketball brackets this week,” said Josh Seiff, Fannie Mae’s Vice President of Capital Markets and Trading. “We were pleased that more than 30 firms still found time to place orders on this deal, which featured about $200 million in 7-year collateral with a 1.94 DSCR and more than $800 million in 10-year collateral with a 1.64 DSCR.”

All classes of FNA 2017-M3 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal. The structure details for the multi-tranche offering are in the table below:

 

 

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2017-M3) available in the Fannie Mae GeMS Archive.

Certain statements in this release may be considered forward-looking statements within the meaning of federal securities laws. In addition, not all securities will have the characteristics discussed in this release. Before investing in any Fannie Mae issued security, you should read the prospectus and prospectus supplement pursuant to which such security is offered. You should also read our most current Annual Report on Form 10-K and our reports on Form 10-Q and Form 8-K filed with the U.S. Securities and Exchange Commission (“SEC”) available on the Investor Relations page of our Web site at www.fanniemae.com and on the SEC’s Web site at www.sec.gov.

Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fannie-mae-prices-103-billion-multifamily-dus-remic-fna-2017-m3-under-its-gems-program-300427211.html

Freddie Mac Fair Fund Distribution Agent Announces Notice of …

WASHINGTON, March 20, 2017 /PRNewswire/ — If you purchased Federal Home Loan Mortgage Corporation (“Freddie Mac” or the “Company”) common stock at any time between April 18, 2000 and June 8, 2003, inclusive (“Eligible Trading Period”) and suffered a Recognized Loss per the Plan of Allocation, you may be entitled to receive a monetary Distribution Payment from the Freddie Mac Fair Fund.

UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF COLUMBIA

SUMMARY NOTICE OF FREDDIE MAC FAIR FUND

On December 28, 2016, Chief Judge Royce C. Lamberth, United States District Judge for the District of Columbia issued an Order approving the Distribution Plan in the matter of SEC v. Federal Home Loan Mortgage Corporation, David W. Glenn, Vaughn A. Clarke, Robert C. Dean and Nazir G. Dossani (“Defendants”).

The Distribution Plan provides that the disgorged profits, prejudgment interest and civil penalties paid to the Clerk of the Court and placed into an interest-bearing account with the Court Registry Investment System (“CRIS”), totaling approximately $50.75 million (“Freddie Mac Fair Fund”), shall be distributed for the benefit of injured investors who purchased Freddie Mac common stock and suffered a Recognized Loss pursuant to the Plan of Allocation.

The Court has appointed Gilardi Co. LLC as the Distribution Agent to distribute to Freddie Mac investors who qualify under the Court-approved Plan of Distribution.

HOW TO OBTAIN COMPENSATION

If you believe you are a Potentially Eligible Claimant and would like to participate, you must complete the Proof of Claim Form completely, sign it, include copies of all required supporting documentation, and return it to: 

Freddie Mac Fair Fund
c/o Gilardi Co. LLC
Distribution Agent
P.O. Box 43452
Providence, RI 02940-3452

A Proof of Claim Form can be obtained by visiting the website, www.FreddieMacFairFund.com, clicking the Case Documents tab, and choosing the “Proof of Claim Form.”  You can also request that a Notice and Proof of Claim Form packet be sent to you via mail by calling (877) 401-1797.

YOUR COMPLETED AND SIGNED PROOF OF CLAIM FORM, WITH ALL OF THE REQUIRED SUPPORTING DOCUMENTATION, MUST BE POSTMARKED NO LATER THAN JULY 10, 2017 (THE “FILING DEADLINE”), AND SENT TO THE DISTRIBUTION AGENT.

ADDITIONAL INFORMATION

This notice provides only summary information regarding the action.  We strongly recommend that you read the Plan of Distribution, including the Plan of Allocation, and other relevant case documents in their entirety for more complete details.  The documents can be found at www.FreddieMacFairFund.com or the website maintained by the Commission at https://www.sec.gov/divisions/enforce/claims.htm, by calling the dedicated toll-free number at (877) 401-1797 or by sending an email inquiry to info@FreddieMacFairFund.com.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/freddie-mac-fair-fund-distribution-agent-announces-notice-of-distribution-plan-300422030.html

Group seeks NAR support for LGBT-focused bills

RESPA Section 3 provides that a thing of value includes any payment, advance, funds, loan, service or other consideration

Regulation X says thing of value includes: monies, things, discounts, salaries, commissions, fees, duplicate payments of a charge, stock, dividends, distributions of partnership profits, franchise royalties, credits representing monies that may be paid at a future date, the opportunity to participate in a money-making program, retained or increased earnings, increased equity in a parent or subsidiary entity, special bank deposits or accounts, special or unusual banking terms, services of all types at special or free rates, sales or rentals at special prices or rates, lease or rental payments based in whole or in part on the amount of business referred, trips and payment of another person’s expenses or reduction in credit against an existing obligation.

Mortgage Rates Monday, March 20: Down; Renters Less Optimistic on Home Buying

Mortgage rates today dropped for 30- and 15-year fixed loans by two basis points and one basis point, respectively, while 5/1 ARMs were unchanged, according to a NerdWallet survey of mortgage interest rates published by national lenders on Monday morning.

NAR: Consumers upbeat; renters wary on home buying 

More consumers, especially in rural areas and the Midwest, are growing increasingly confident in the U.S. economy and housing this year, but renters aren’t so optimistic about their ability to buy a home in the near future, according to a recent survey from the National Association of Realtors.

In the quarterly Housing Opportunities and Market Experience survey, years of positive job growth and post-election hope for more improvement this year has boosted consumer confidence in the economy to 62%, the highest share in the survey’s short history. That’s an “extraordinary reversal,” the NAR said, rising from 54% last quarter and 48% in March 2016.

» MORE: How much home can you afford?

Consumers’ confidence in the economy is also fueling a more positive outlook about households’ personal finances in the next six months. The survey’s monthly Personal Financial Outlook Index shows respondents’ optimism about their own financial situation surged to 62.6 in March,  the highest reading in the survey. That’s up from 59.8 in December and 58.1 in March 2016.

That confidence in the economy doesn’t translate to home-buying enthusiasm for renters. Just 56% of renters believe now is a good time to buy a home, a drop from 57% last quarter and an even sharper decline from 62% in March 2016. Younger families, renters and those living in the West, where home prices are highest, are the least confident, the survey found.

“Inventory conditions are even worse than a year ago, and home prices and mortgage rates are on an uphill climb,” NAR chief economist Lawrence Yun said in the release. “These factors are giving many renter households a pause about it being a good time to buy, even as their job prospects improve and wages grow. Unless there’s a significant boost in supply levels this spring, these constraints will unfortunately slow or delay some prospective buyers’ pursuit of purchasing a home.”

Homeowners looking to lower their mortgage rate can shop for refinance lenders here.

NerdWallet daily mortgage rates are an average of the published annual percentage rate with the lowest points for each loan term offered by a sampling of major national lenders. APR quotes reflect an interest rate plus points, fees and other expenses, providing the most accurate view of the costs a borrower might pay.

Deborah Kearns is a staff writer at NerdWallet, a personal finance website. Email: dkearns@nerdwallet.com. Twitter: @debbie_kearns.

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