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3 Apr 2020, 1:37 pm
In the past week, Route One Apparel donated its entire stock of fanny packs to medical units across the state, including wotkers at the Pediatric Inpatient Unit and Pediatric Emergency Room at Shady Grove Medical Center in Rockville. [read post]
3 Apr 2020, 12:11 pm
., the “whereas” section), the Governor recited that the Federal Housing Administration implemented an immediate foreclosure and eviction moratorium for FHA-insured single-family mortgages for at least 60 days, and recited that the Federal Housing Finance Agency similarly directed Fannie Mae and Freddie Mac to suspend foreclosures and evictions for Enterprise-backed single-family mortgages for at least 60 days. [read post]
2 Apr 2020, 2:40 pm
Then, Fannie Mae, Freddie Mac, and the FHA were the exceptions. [read post]
1 Apr 2020, 7:32 am
Mortgage borrowers with federally related loans (FHA, VA, Farmer's Home, Fannie or Freddie) may request 6 months of forbearance, i.e. no payments required, renewable for another 6 months, during which no late fees or penalties may be imposed, but interest continues to run (unlike student loans.) [read post]
31 Mar 2020, 12:07 pm
., Fannie Mae, Freddie Mac, Federal Housing Administration (“FHA”), Veterans Affairs (“VA”), and the U.S. [read post]
31 Mar 2020, 11:53 am
To qualify, a borrower/landlord must fall into any of the below categories: Borrowers with “Federally Backed Mortgage Loan” meaning, a 1-4 family property with mortgage bought by Fannie/Freddie (above) or involving FHA, VA or other related federal agency. [read post]
31 Mar 2020, 11:11 am
§ 42) • The Rural Housing Voucher Program (42 USC § 1490r) • Federally Backed Mortgage Loan, 1-4 Family purchased or securitized by Fannie/Freddie (Note: Fannie and Freddie purchase the overwhelming majority of 1-4 family mortgages on the secondary market) • Federally Backed Mortgage Loan, 5+ family purchased or securitized by Fannie/Freddie •… [read post]
31 Mar 2020, 6:37 am
Under Armour said Tuesday it’s manufacturing face masks, shields and specialized fanny packs to help protect health care workers at the University of Maryland Medical System responding to the COVID-19 pandemic. [read post]
30 Mar 2020, 9:32 am
Because we are also knowledgeable about the requirements of the various federal lending agencies, we can also make sure your documents comply with these requirements (Fannie Mae, VA and FHA). [read post]
29 Mar 2020, 10:26 am
This seems to align with Fannie guidelines.Title company representatives I spoke to last week hope to work around this limitation relying on language in the Illinois Conveyances Act that recognized of out of state notarizations. [read post]
26 Mar 2020, 11:14 am
Government Action The federal government has recently issued orders in regards mortgages and student loan payments: Mortgages that are backed by Fannie Mae, Freddie Mac, and the Federal Housing Administration are eligible for up to 12 months of forbearance. [read post]
24 Mar 2020, 2:03 pm
Expanding the types of ABS that are Eligible Collateral to include (i) non-qualified mortgage loans and other private label RMBS, (ii) unsecured consumer ABS loans originated by marketplace lenders and other consumer finance companies, (iii) mortgage servicing rights, (iv) credit risk transfer instruments including those recently issued by Fannie Mae and Freddie Mac, and (v) other assets including transportation-related ABS, including those collateralized by containers, rail cars, aircraft… [read post]
24 Mar 2020, 9:04 am
In addition, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, more commonly known as Fannie Mae and Freddie Mac, respectively, have instituted moratoriums on foreclosures, as well as forbearance options for those affected by the coronavirus pandemic. [read post]
24 Mar 2020, 8:20 am
The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to do the same of a minimum of 60 days. [read post]
23 Mar 2020, 10:00 pm
The forbearance is available to all multifamily properties with a Freddie Mac or Fannie Mae backed performing multifamily mortgage negatively affected by the coronavirus pandemic. [read post]
23 Mar 2020, 9:10 pm
On March 11, the Federal Housing Finance Agency (FHFA) issued revised guidance for evaluating Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the “GSEs”) for FHFA approval under the Duty to Serve regulation. [read post]
23 Mar 2020, 2:19 pm
Federal regulators, through Fannie Mae and Freddie Mac, are ordering lenders to offer flexibility to homeowners; about one half of the home loans in the country, those guaranteed by Fannie and Freddie, will be affected by this policy. [read post]
23 Mar 2020, 1:41 pm
For example, on March 18, the Federal Housing Finance Agency announced that all foreclosures and evictions on loans that had been sold to Fannie Mae or Freddie Mac will be suspended for the next 60 days (and has since updated that guidance to allow some borrowers to defer payments for up to a year). [read post]
23 Mar 2020, 1:20 pm
The announcement last week by Freddie Mac, Fannie Mae and other agencies that they will provide mortgage loan forbearance arrangements for up to 6 months, subject to an extension of an additional 6 months, directly impacts mortgage servicers in two significant respects. [read post]
23 Mar 2020, 11:58 am
On February 18, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the “Enterprises”) have published a Joint Credit Score Solicitation, which describes the process for credit score model developers to submit applications to the Enterprises. [read post]
