Search for: "FNMA" Results 21 - 40 of 119
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15 Jul 2013, 5:38 pm by WOLFGANG DEMINO
He does not dispute that (1) he defaulted on the loan, (2) the property was sold at foreclosure, (3) GMAC purchased the property at the foreclosure sale and subsequently conveyed it to FNMA, (4) he did not surrender possession of the property upon demand, and (5) the home equity agreement provided that, upon sale of the property and his failure to surrender, a tenancy at sufferance was created, which established a landlord-tenant relationship, and which established FNMA's… [read post]
5 Mar 2009, 10:04 am
" My response: The national HOA and Condo organization CAI (Community Associations Institute) has expressed concern about this to FNMA people and the response from Fannie Mae was that this is "just a guideline", not a line in drawn in the sand (my characterization of the information I received, not an exact quote), but the truth is, its a FNMA guideline that is published to lenders and developers and FNMA must, by all standards, tighten up because of the… [read post]
For example, he failed to disclose that any decision on the part of FNMA to redeem its preferred stock on the call date was optional and not a certainty. [read post]
31 Jan 2009, 7:28 am
That caused great consternation, as lenders did not know what they were doing, and loan availability suffered.Recently, FNMA has indicated that it will resume the project approval program, with several different options.An attorney, who is the past president of CAI, is suggesting that a price protection plan for homes will solve the World economic problem. [read post]
15 Sep 2010, 7:27 pm by Kevin Funnell
The loans were sold to FNMA and as readers know from my many posts on the topic, FNMA has been trying to force repurchases down the throats of loan servicers at a blistering pace. [read post]
17 Jan 2008, 1:54 pm
She thought that the fees seemed like "a bit of bail out of FNMA being funded by new borrowers and a charge being imposed by FNMA for folks seeking to refinance out of adjustable rate loans. [read post]
12 Mar 2009, 3:52 pm
These consumer loans are not conforming FNMA loans and are not sold on the secondary market. [read post]
20 Feb 2014, 2:00 pm by Michael Wasserman
The first look period offers FNMA owned properties to prospective owner-occupant & public entity buyers exclusively for the first 15-20 days they are listed for sale. [read post]
26 Aug 2014, 11:34 am by doug
So all anyone has to wait is two years after bankruptcy and they can try for a FNMA backed mortgage again. [read post]
7 Apr 2010, 10:49 am by Alan White
The securitization market was totally dominated by FNMA and Freddie Mac, with private market securitizations accounting for about 3% of mortgage-backed securities.In other words, without Fannie and Freddie (and the Federal Reserve to buy their mortgage-backed securities),we would have a catastrophic shortage of mortgage capital. [read post]
Short Sale - often favored by real estate brokers, but may soon have more actual benefit for homeowners if FNMA guidelines are changed to allow for better future credit for short sales rather than foreclosure.3. [read post]
28 May 2008, 8:03 pm
You just never know who's going to get stuck with the bill for loans that FNMA Mae buys, but it's rarely FNMA if there's any breathing body or inanimate object that Fannie can stick it to. [read post]
1 Jul 2009, 7:48 pm by Richard D. Vetstein, Esq.
To Register Email Kristin Langone at GBAR: klangone@gbreb.com This will be a super fun night at a very swanky new venue. [read post]
21 Jul 2010, 4:46 am by Rich Vetstein
Reacting to the condominium market meltdown, Fannie Mae (FNMA) substantially overhauled their condo underwriting rules, effective Jan. 1, 2009. [read post]
14 Dec 2011, 5:31 am by Rich Vetstein
Accordingly, for all FHA and some FNMA loans (i.e, the vast majority of conventional loans), the 10% capital reserve account rule will come into play. [read post]
23 Jan 2010, 3:48 pm by Lincoln W. Hobbs, Esq., CCAL
  Thereafter, it will decrease to 30%.FHA appears to have removed legal document requirements, other than a transition limitation.FHA will be reviewing budgets, and an inclusion of deductible funding for insurance deductibles.FNMAFMAC will follow FNMA and FMAC requirements; FNMA will require 10% reserve funding and deductible coverages for insurance.Insurance RequirementsFNMA requirements now require insurance to cover 100% replacement cost, including replacement of the Units. [read post]
5 Nov 2009, 7:25 pm
You have to give this bureaucratic "gotcha" to Sheila.Another interesting tidbit was that the failed banks were fatally hit by the collapse of FNMA and FNMA, which rendered worthless $855 million in preferred stock owned by the banks. [read post]