Foreclosure Lawsuit Answer Clinic for Wisconsin Home Owners

by Alex Ferreras on March 31, 2011

in Mortgage Lawsuits

(LoanSafe.org) – This free walk in legal clinic for Wisconsin home owners is for home owners who who currently facing, and are filing a lawsuit against their lender for predatory lending, wrongful foreclosures, ext. Pro-bono attorneys will be at the event to assist home owners with lawsuits there bringing against their lender for wrongful foreclosures. First-come, first served, please arrive before 12:30. Homeowners should bring their Summons and Complaint as well as any other relevant paperwork.Date of Event: Thursday, 07 April

Time of Event: 11:00 AM – 01:00 PM

Location of Event: City-County Building
210 Martin Luther King Jr. Blvd
Madison, WI

Contact: Ellen Bernards
Email: ebernards

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Freddie Mac Wins Dismissal of Federal Putative Class Action Lawsuit

by Alex Ferreras on April 1, 2011

in Freddie Mac

MCLEAN, Va. (Source: Freddie Mac) - Freddie Mac today announced the dismissal of a putative class action securities lawsuit filed against the company in federal court in August 2008.Judge John Keenan of the U.S. District Court for the Southern District of New York has granted Freddie Mac’s motion to dismiss all claims asserted against Freddie Mac in a putative securities fraud class action filed against the company and certain of its former senior officers. Judge Keenan found not actionable all alleged misstatements and omissions regarding Freddie Mac’s involvement in the subprime and Alt-A mortgage markets, holding that plaintiffs failed adequately to plead that Freddie Mac’s disclosures on those issues were either false or misleading.

The judge also dismissed alleged misrepresentation claims relating to Freddie Mac’s capital adequacy, core capital, internal controls and underwriting processes. The court granted the plaintiffs 60 days to file an amended complaint, if they choose to do so.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.  www.FreddieMac.com

SOURCE Freddie Mac

For further information: Media, Michael Cosgrove,

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