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25 Mar 2011, 3:23 am
I add this clause to deal with this situation: The Condominium, the Unit, and the Condominium Documents (including but not limited to the Master Deed and By-Laws/Trust) shall conform to the requirements of Federal National Mortgage Association (“FNMA” or “Freddie Mac”), Federal Housing Administration (“FHA”) or Federal Home Loan Mortgage Corporation (“FHLMC”) or other secondary mortgage market investor, and shall otherwise be acceptable to… [read post]
3 Mar 2011, 5:00 am
A “covered financial institution” includes investment advisers (as defined under section 202(a)(11) of the Investment Advisers Act), a broker-dealer registered under section 15 of the Securities Exchange Act of 1934, as well as banks, credit unions, FNMA, FHLMC and others designated by regulators, with assets of $1 billion of more. [read post]
8 May 2011, 7:53 pm
I've heard for some time now that legitimate law firms with foreclosure expertise could not break into the small circle-jerk of approved law firms that FNMA and FHLMC employed in each state. [read post]
16 May 2014, 11:25 am
The idea was that we'd have a whole bunch of privately capitalized FNMAs providing a secondary mortgage market. [read post]
27 May 2010, 7:25 pm
In the last economic downturn, I personally experienced more than one instance of a mortgage lender suffering the infliction of extreme financial and emotional pain caused by buyback demands from secondary market purchasers like FNMA, FHLMC and private institutional investors. [read post]
3 Mar 2011, 5:00 am
” A “covered financial institution” includes investment advisers (as defined under section 202(a)(11) of the Investment Advisers Act), a broker-dealer registered under section 15 of the Securities Exchange Act of 1934, as well as banks, credit unions, FNMA, FHLMC and others designated by regulators, with assets of $1 billion of more. [read post]
26 Feb 2007, 8:42 pm
At least FNMA's board canceled $44.4 million in bonuses to current and former officers of the association, even though they've done such a splendid job of running the joint. [read post]
25 Jul 2017, 9:36 am
FNMA which held that a foreclosing lender must establish it holds both the promissory note and the mortgage. [read post]
13 Feb 2009, 10:50 am
Indeed, strong evidence that this list was put together by Time and not the Journal is that it includes neither Carter nor another favorite Journal boogieman, Congressman Barney Frank (the list does include the very favorite Journal bugaboo, Franklin Raines, late of FNMA).Indeed, I'm a bit surprised to see who comes top in the rankings: not Bush or Clinton, not Dick Fuld, not Stan O'Neal, not Angelo Mazilo, but Mr. [read post]
29 Aug 2013, 12:29 pm
(other than FNMA, FHLMC or the Federal Home Loan Banks); Re-securitization transactions that are collateralized solely by servicing assets and tranches of ABS transactions that comply with, or are exempt from, the risk retention requirements of the current proposal and structured as a single class of ABS interests entitled to the pass-through of principal and interest payments received on the underlying ABS; ABS issued or guaranteed by any state, or by any political subdivision of a state… [read post]
3 May 2011, 10:29 am
Securitization dates back to the 1970s, when mortgage-backed securities were issued for the government and government-sponsored entities such as the Government National Mortgage Association (GNMA or Ginnie Mae), the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac), and the Federal National Mortgage Association (FNMA or Fannie Mae), says Adam Meyer, CSAs CEO. [read post]
14 Jan 2009, 7:04 am
Cuomo, whose previous job included HUD Secretary from 1997 through 2001 during which time there was a major expansion of sub-prime lending programs especially those backed by Fannie Mae (FNMA), has an interesting past. [read post]
16 Aug 2012, 7:04 am
FNMA rulings, an issue for which I’ve been advocating for years. [read post]
25 May 2010, 2:52 pm
Helpful Links Fannie Mae LQI Summary Fannie Mae LQI FAQs Fannie Mae Lender Tips for Identifying Undisclosed Liabilities Boston.com Real Estate Now Blog On LQI Related Posts:Massachusetts Mortgage Rate Lock Advisory–Week of June 16, 2010Fannie Mae Advisory: Pending Condominium Litigation Can Derail Your Condo FinancingFannie Mae Tightens Its Belt On Adjustable Rate (ARM) and Interest Only Mortgage ProgramsThe 2 Major Snags That Can Derail Your Mortgage Loan: Significant Home… [read post]
23 Dec 2012, 6:46 am
The FNMA v. [read post]
27 Mar 2010, 10:13 am
Related Posts:The Condominium HO-6 Insurance Policy: Fannie, Freddie & FHA RequiredA Quick Question & Answer Session On Massachusetts Condominium Law And Liability IssuesThe Catch-22 Impact Of New Fannie Mae (FNMA) Condominium Lending RegulationsNew Stricter FHA Condominium Lending Regulations and Guidelines Sure To Slow Financing And Chill SalesFinal (Hopefully!) [read post]
1 Dec 2011, 12:56 pm
FNMA which is now on appeal with the Supreme Judicial Court. [read post]
15 Aug 2008, 8:47 am
To the extent the government decides to assist people in purchasing homes, is that not within the bailiwick of the FHA, to be administered through loans made or guaranteed by FNMA and FHMC? [read post]
16 Dec 2011, 5:40 pm
The decision that came out of the Maine Supreme Court last week in FNMA v. [read post]
18 Mar 2011, 11:48 am
Related Posts:Fannie Mae Advisory: Pending Condominium Litigation Can Derail Your Condo FinancingThe Catch-22 Impact Of New Fannie Mae (FNMA) Condominium Lending Regulations10 Questions To Ask Before Buying A Massachusetts Condominium UnitDealing With Dysfunctional Massachusetts Condominium Trustees & Homeowner AssociationsFHA To Ease New Condominium Guidelines–Spot Loan Approval Extended Until Feb. 1 [read post]
