| Aug 17, 2012 11:38AM In a move that virtually ends any hope that Freddie Mac and Fannie Mae will return to viability, the Department of the Treasury and the Federal Housing Finance Agency (FHFA) have revised the Preferred Stock Purchase Agreement (PSPA) between Treasury and the two government sponsored enterprises (GSEs). The new agreement will strip the GSEs of any profit from their operations and will accelerate the rate at which they are reducing their owned loan portfolios. The agreements will replace the 10 percent... Aug 17, 2012 10:09AM The Financial Crimes Enforcement Network ( FinCen ) issued an advisory aimed at helping residential mortgage loan originators (RMLO) and non-bank mortgage lenders identify suspicious activity related to potential mortgage fraud and submit suspicious activity reports (SAR.) The advisory outlines the most common types of mortgage fraud schemes and the potential "red flags" for which lenders should look. The advisory was announced by FinCEN Director James H. Freis, Jr. today at the American Association...
 | 
