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16 Dec 2010, 9:21 am by gstasiewicz
” Less than two months later, the government seized Fannie and Freddie and the bailout began. [read post]
5 Jan 2011, 4:35 pm by Mandelman
Government through Fannie, Freddie or FHA… there are no securitizations to speak of… and the average credit score for a Fannie Mae loan is 763 for the last two years. [read post]
29 Apr 2010, 8:39 am by admin
  Even though Fannie and Freddie’s continuing to maintain capital-market confidence is vital, their protracted game of innovation freeze-tag is bad for the country. [read post]
8 May 2011, 4:49 am by Mandelman
  Fannie refused to postpone the sale date, even though BofA informed them that the loan modification was a day away. [read post]
25 Aug 2010, 4:57 am by Mandelman
“The Agreement was entered into between Defendant and Fannie Mae in its capacity as a financial agent of the United States. [read post]
16 Apr 2007, 3:24 am
Fannie Mae: Federal National Mortgage Association (FNMA); a federally-chartered enterprise owned by private stockholders that purchases residential mortgages and converts them into securities for sale to investors; by purchasing mortgages, Fannie Mae supplies funds that lenders may loan to potential homebuyers. [read post]
7 May 2007, 7:25 am
[Previous months in review available here: March 07, Feb 07, Jan 07; Dec 06,]   With the spectacular implosion of subprime lender New Century, Breaking the bank: New Century files bankruptcy, I devoted a lot of pixels to the subprime problem, starting with a primer, Subprime lending: the dramatis personae and offering some gratuitous advice in What's a delinquent borrower to do? [read post]
4 Sep 2019, 1:43 am by opadmin
For the answer, let’s take a look at the underwriting standards of a Fannie Mae or Freddie Mac backed loan. [read post]
7 Aug 2009, 1:40 pm by Marx Sterbcow
A borrower can still qualify for a Freddie Mac, Fannie Mae, VA, or USDA loan but if Freddie and Fannie are the borrower's only option to get condo financing they should prepare themselves to pay significantly higher fees for the same loan that FHA would have provided to them had the Condo been FHA approved. [read post]
19 Feb 2012, 3:11 am by Mandelman
  If SB 1451 were to become state law, Arizona’s homeowners would no longer be dependent on the federal government, through Fannie Mae, Freddie Mac or FHA, to refinance their mortgages. [read post]
6 Jul 2010, 9:06 am by Mandelman
On Thursday, June 21, 2010, the House Committee on Oversight and Government Reform held a hearing they called: “Foreclosure Prevention, Part II: Are Loan Servicers Honoring Their Commitments to Help Preserve Homeownership? [read post]
16 Feb 2010, 9:07 am by admin
Bernanke expressed optimism about the housing market, bank capital ratios, the capitalization of Fannie Mae and Freddie Mac and the unemployment rate. [read post]
23 Mar 2012, 11:23 am by Mandelman
  It’s leveraged at a little under an eye-popping 1,000 to one, which dwarfs Fannie’s previous record of 174 to one… and we know how well that never worked out. [read post]
30 May 2007, 10:24 am
The fact that both Trustcorp and Fannie Mae subsequently purchased the Schulke loan further substantiates our conclusion that Metro's origination documents did in fact "qualify for" Fannie Mae. [read post]
20 Nov 2010, 11:44 am by Kenneth Anderson
One can pile up important similarities, but one that is perhaps less noticed is something that, as someone who works out in the gym in Fannie Mae’s basement, I heard a lot over the past dozen years: a tendency to play a self-deceptive bait and switch between doing good and doing well. [read post]