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25 Aug 2009, 7:57 am
According to the Notice, the Code, adopted in December 2008, "expanded on existing [Fannie Mae and Freddie Mac] appraisal standards, seeking to redress problems that contributed to the current mortgage crisis and to improve the quality of the mortgage loans they purchase. . . . [read post]
15 Sep 2011, 12:59 pm
Summary: The author of the article interviewed Doug Duncan, the chief economist for Fannie Mae; David Merriman, an economics professor and associate director of the Institute of Government Public Affairs at the University of Illinois at Chicago; and Tracy Turner, economics professor at Kansas State University. [read post]
18 Mar 2008, 12:31 pm
" As in, a jumbo-size mortgage, one of more than $417,000, that the "agencies" Fannie Mae and Freddie Mac will buy from lenders and then resell on Wall Street, once all nicely packaged up into securities. [read post]
24 Aug 2010, 7:50 pm
The lead story on "CBS Nightly News" on 24 August 2010 was on the housing crisis and beganThe steep falloff in housing sales -- which reached a 15-year low in July -- highlights the degree to which the government has been propping up the housing market, and the two biggest pillars of that support system -- Fannie Mae and Freddie Mac -- are facing a crisis. [read post]
18 Sep 2007, 4:34 pm
Among other provisions, the legislation would raise the ceiling on which loans qualify under FHA rules to the lesser of these two: a) 125% of the local area median home price or (b) 175% of the national Fannie Mae and Freddie Mac conforming loan limit (now $417,000). [read post]
24 Sep 2008, 9:00 pm
Financial meltdowns often seem to lead media and regulators to look for illegal activity, which is why I was not surprised to read that the FBI is investigating Fannie Mae, Freddie Mac, Lehman and AIG for potential fraud. [read post]
24 Jun 2007, 11:01 am
As if the LSC hadn’t dreamt up enough problems for these unfortunates, it has taken to fannying about with the duty solicitor rota scheme. [read post]
17 Oct 2008, 12:25 pm
They make silly comments or ludicrous decisions and then can't figure out why things go awry.Apparently the residents of Massachusetts are not content to select someone like Barney Frank, the flip-flopping guardian of Fannie Mae, as their representative. [read post]
9 Sep 2008, 10:26 pm
Interest rates for 30-year conforming loans (and their agency-jumbo cousins) dropped below the 6 percent mark Monday after the welcome news circulated that the federal government is stepping in to keep mortgage financing companies Fannie Mae and Freddie Mac from likely insolvency. [read post]
7 Feb 2011, 5:12 am
The proposed rule would limit Fannie Mae, Freddie Mac and the Federal Home Loan Banks from investing in or purchasing mortgages for homes that are subject to private transfer fee covenants. [read post]
26 Jun 2020, 12:09 pm
Currently, the GSE Patch also will sunset if Fannie Mae and Freddie Mac exit conservatorship of the Federal Housing Finance Agency. [read post]
25 Dec 2006, 6:45 pm
Following the two billion dollar suit from Fannie Mae against KPMG, we now hear that the Russian tax authorities are filing a suit against the local PricewaterhouseCoopers firm. [read post]
20 Dec 2011, 5:00 am
The one that garnered the most attention was the case against executive officers of Fannie Mae and Feddie Mac (along with a non-prosecution agreement against the entities). [read post]
7 Dec 2009, 3:47 pm
Anastasia Kelly has seen a few things in her long career as a general counsel, a position she served at Fannie Mae, then at Sears Roebuck, then at MCI, and now at AIG. [read post]
9 Apr 2013, 1:19 pm
However, since FHFA’s Fannie Mae and Freddie Mac are responsible for the majority of home mortgages in the United States today (FHFA sets their involvement at 65%) , it gives a pretty good indication of how loan modifications and mortgage refinancing is doing right now. [read post]
1 Dec 2017, 7:08 am
Official approval of URLA under Regulation B The Federal Housing Finance Agency recently directed Fannie Mae and Freddie Mac to add a question about mortgage applicants’ language preference to the URLA. [read post]
9 Jan 2019, 10:32 am
Fannie Mae, Freddie Mac Loans — Mixed Bag on Impact/Delays In general, the shutdown doesn’t impact loan processing at these agencies because they’re not funded by the government. [read post]
24 Jan 2013, 11:16 am
Freddie Mac Told to Get After Those Deficiencies in Fall 2012 You may remember Freddie Mac from some of our posts last fall — including one discussion of the FHFA pressure being placed on Freddie Mac and Fannie Mae to go after deficiencies. [read post]
3 Nov 2010, 4:22 am
It would also have required Fannie Mae and Freddie Mac to be included in the Federal budget as long as they are in conservatorship or receivership status. [read post]
30 Dec 2020, 11:24 am
The temporary appraisal flexibilities provided by Fannie Mae and Freddie Mac in response to the COVID-19 national emergency provide for alternatives to a traditional appraisal that is based on an inspection of a home’s interior. [read post]
