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27 Jun 2023, 1:26 pm
Department of Housing and Urban Development (HUD) recently announced in Mortgagee Letter 2023.13 that lenders must use the Supplemental Consumer Information Form (SCIF) of Fannie Mae and Freddie Mac in connection with FHA insured mortgage loans with application dates on or after August 28, 2023. [read post]
26 May 2023, 5:00 am
AFFIDAVIT WASN’T ENOUGH TO WARRANT RELIEF IN FANNIE MAE'S FAVORAfter the Queens County Supreme Court granted Fannie Mae a judgment of foreclosure against the defendants, the latter appealed.And on its review of the record, the Appellate Division, Second Department, didn’t take too kindly to the fact that the agency’s motion wasn't supported by appropriate documents. [read post]
18 May 2023, 5:18 am
” Because … Earlier this week, Bloomberg Law published an interview with Tim Mayopoulos, former top lawyer for Bank of America, and former CEO of Fannie Mae, who was tapped earlier this year to salvage Silicon Valley Bank: “’I tend to look for people who are not only good technicians, but those who are prepared to bring a broader business perspective to a set of problems and recommend a course of action,'” Mayopoulos said. [read post]
26 Apr 2023, 7:54 am
“Covered financial institutions” would include depository institutions, depository institution holding companies, registered broker-dealers, credit unions, investment advisors, Fannie Mae, and Freddie Mac. [read post]
6 Apr 2023, 6:31 am
Major investment banks, Fannie Mae and Freddie Mac, nearly all savings and loan institutions, off-balance sheet vehicles, AIG and banks around the world – all of them failed. [read post]
6 Apr 2023, 6:31 am
Major investment banks, Fannie Mae and Freddie Mac, nearly all savings and loan institutions, off-balance sheet vehicles, AIG and banks around the world – all of them failed. [read post]
15 Mar 2023, 2:15 pm
SVB Going Forward As of March 13, 2023, Silicon Valley Bridge Bank, N.A. is being managed by Tim Mayopoulos, the former CEO of Fannie Mae. [read post]
15 Mar 2023, 2:15 pm
SVB Going Forward As of March 13, 2023, Silicon Valley Bridge Bank, N.A. is being managed by Tim Mayopoulos, the former CEO of Fannie Mae. [read post]
30 Jan 2023, 9:45 am
CARES Act The federal CARES Act applies to any property with a federally-backed loan (Fannie Mae, Freddie Mac, etc.) and any unit with a Section 8 tenant. [read post]
26 Jan 2023, 12:44 pm
As previously reported, in July 2021 Fannie Mae and Freddie Mac released revised versions of their notes and security instruments for single-family loans. [read post]
26 Jan 2023, 5:37 am
Yesterday, Fannie Mae and Freddie Mac issued instructions to servicers on replacement indices for their legacy single-family mortgage loans with 1-month, 6-month, and 1-year LIBOR indices. [read post]
22 Dec 2022, 10:48 am
Following the adoption by the Federal Reserve Board of a final rule under the Adjustable Interest Rate (LIBOR) Act, Fannie Mae and Freddie Mac have announced replacement indices for their legacy London Interbank Offered Rate (LIBOR)-based loans and securities. [read post]
17 Dec 2022, 4:34 am
A recent Court of Appeals decision requires a 30-day notice to pay rent or vacate for any residential property with a federally-backed loan (FHA, Fannie Mae, Freddie Mac, etc.). [read post]
13 Dec 2022, 6:03 am
The Court reversed the lower court and ordered the eviction case be dismissed.[3] The CARES Act covers, among other rental properties, any property with a federal-backed loan (FHA, Fannie Mae, etc.) or Section 8 tenants. [read post]
8 Dec 2022, 12:22 pm
Most residential loans are backed by the government-sponsored enterprises Fannie Mae and Freddie Mac or the Federal Housing Administration. [read post]
5 Dec 2022, 8:45 am
We recently reported on the residential mortgage loan limits for loans purchased by Fannie Mae and Freddie Mac in 2023. [read post]
2 Dec 2022, 12:36 pm
., non-government insured or guaranteed loans eligible for sale to Fannie Mae or Freddie Mac) originated to the prime borrowers. [read post]
30 Nov 2022, 9:24 am
Fannie Mae addresses the limits in Lender Letter 2022-06. [read post]
22 Nov 2022, 5:34 pm
Why aren’t the federal flood insurance limits at least equal to the amount which the Federal government backs Fannie Mae mortgages? [read post]
4 Nov 2022, 1:45 pm
Lenders selling loans to Fannie Mae and Freddie Mac must submit appraisal information in the UAD format. [read post]
