STARKE PULASKI BOARD OF REALTORS
Becky L. Pulver  Executive Officer
Mission Statement

The Starke Pulaski Board
of REALTORS® is a
diverse group of people
who derive an income
from the real estate
industry. The
organization promotes
competence and education
and strives to increase
professionalism. Its
purpose is to enhance its
members abilities to be
successful through
networking, supportive
services and we
enforcement of the
National Association of
REALTORS® Code of
Ethics for the protection
of its members and the
public we serve.
0035 East  250 North     Knox, Indiana  46534
Designed & Maintained by Becky L. Pulver
Disclaimer : The information contained in our website is believed to be reliable but is not guaranteed. We make
every effort to maintain this website to have current, accurate information. However, we cannot warrant the accuracy
of the information contained in our website. This includes, but is not limited to, our website and information
contained in websites that are linked to our information contained in website.
574-772-5300   phone     ~     574-772-4968   fax     ~     spbor1@csinet.net   e-mail
Regulator issues 64 subpoenas to lenders


WASHINGTON, Aug. 2 (UPI) -- A federal regulator issued 64
subpoenas to mortgage-lenders Monday, an attempt to find out if
government-backed banks were deceived while buying securities.

The Federal Home Loan Mortgage Corp., Freddie Mac, and the
Federal National Mortgage Association, Fannie Mae, set the tone in
the mortgage business by buying bundled loans from banks, which
allowed banks to make more loans. With a combined portfolio of
$225 billion in private label-securities alone, the loans Fannie and
Freddie chose to buy can dictate to banks what loans are
acceptable to write.

The Federal Housing Finance Agency, which regulates the two
banks, is now trying to ascertain if other mortgage lenders deceived
Freddie and Fannie during the years preceding the financial crisis,
The Washington Post reported Monday.

In a regulatory filing, Freddie claimed it was owed $4.8 billion and it
was having little success getting lenders to pay up.

Freddie Mac and Fannie Mae suffered huge losses in the housing
market collapse and have since been propped up with $145 billion
in federal bailout funds.

The banks are considered "government-sponsored," because,
although they are private companies, their mission, endorsed by
Congress, is to keep home ownership as affordable to Americans as
possible