The Justice Department says it foiled a plot by a fired Fannie Mae contract worker to destroy all the data on the GSE's 4,000 computer servers nationwide. The worker, 35-year-old Rajendrasinh Makwana, of Glen Allen, Va., is scheduled for arraignment Friday in U.S. District Court in Baltimore on one count of computer intrusion, according to a report in the Associated Press. U.S. Attorney Rod Rosenstein said Mr. Makwana was fired in late October. The prosecutor said that on that day Mr. Makwana programmed a computer with a malicious code that was set to spread throughout Fannie's network of servers and destroy all the data by the end of January 2009. Mr. Makwana's public defender has yet to comment on the charges.
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Attom's data adds to signs that the market's loan performance buffer is solid but thinning in some areas, and shows the trend affects both ends of the market.
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National Mortgage News is now accepting nominations for its annual Best Mortgage Companies to Work For program.
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The new 47-page filing abandons the Racketeer Influenced and Corrupt Organizations Act allegations brought up in the previous 100-plus-page document.
9h ago -
The company is the third mortgage lender in recent months to start or reestablish its business sourcing loans from brokers, with one potential entrant to come.
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The ex-CEO began a formal solicitation of shareholders after blaming his initial claims of majority support on information provided by in-house counsel.
August 19 -
As tech facilities push into lower income and rural housing markets, lenders navigate local growth without major impacts on home sales price trends.
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