Search for: "Federal Mortgage Association (Fannie Mae)"
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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]
12 Apr 2007, 7:50 am
Meanwhile, what tipped New Century into the soup was this cheery announcement only a week before: Federal prosecutors and securities regulators are investigating stock sales and accounting errors at the New Century Financial Corporation, the biggest mortgage company that specializes in lending to people with weak, or subprime, credit, the company disclosed in a corporate filing yesterday. [read post]
3 Apr 2007, 7:17 am
[By the way, what distinguishes this case from Fannie Mae's? [read post]
31 Oct 2006, 8:08 am
" The request was endorsed by seven industry groups including the American Bankers Association, the Consumer Mortgage Coalition, and the Mortgage Bankers Association.The interesting thing is that Fannie Mae cannot originate loans, but can only buy them on the secondary mortgage market. [read post]
24 Aug 2006, 11:44 am
[JURIST] Government-sponsored mortgage dealer Fannie Mae [Federal National Mortgage Association website] announced Thursday that the US Department of Justice (DOJ) has discontinued its two-year investigation [press release] into alleged accounting violations, though criminal prosecutions could still be brought against individual employees. [read post]
24 May 2006, 2:56 pm
[JURIST] Regulators at the US Securities and Exchange Commission (SEC) and the Office of Federal Housing Enterprise Oversight (OFHEO) [official websites] have announced a $400 million settlement [press release] with the Federal National Mortgage Association, or Fannie Mae [official website]. [read post]
1 Dec 2005, 12:47 pm
The federal government and its sponsored mortgage investment companies, Fannie Mae and Freddie Mac, which guarantee or own most U.S. mortgages, have taken measures to give borrowers more time. [read post]
