''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting ...
Fannie Mae is one of the Ponzi schemes created during the FDR New Deal, 1938. Nearly all of those in the FDR “brain trust” were not smart enough to understand that the success that they reasoned would come from such agencies was actually based on the pyramid. Since the Great, Depression...
Fannie, Freddie Announce Loans with 3 Percent Down PaymentsFannie Mae and Freddie Mac will begin buying home loans with downpayments as low as 3 percent,...Lawler, Joseph
Five years after the housing market imploded, Congress has revived a debate about what to do withFannie MaeandFreddie Mac, the two government-backed mortgage lenders that taxpayers bailed out in 2008. President Barack Obama stepped in Tuesday, saying it was time to “wind down” the agencies....
Freddie Mac and Fannie Mae set the standards in both the primary and secondary markets for single-family business. And with the record-setting business comes elevated buybacks, unfortunately, although both Fannie Mae and Freddie Mac spell out the process and how to appeal a repurchase request. ...
Fannie Mae is continuing its work with Freddie Mac to create standardized subordinate documents, publishing documents for Ohio, New Jersey, and Pennsylvania. Learn about efforts to expand access todown payment assistance. Fannie Maeissued a Request for Proposal (RFP)to evaluate qualified interested ind...
The article provides an analysis concerning how the financial problems facing government-sponsored companies Fannie Mae (FNM) and Freddie Mac (FNM) will affect investors and business enterprises in the U.S. It reveals that investors in the companies have experienced profit losses with the decline of...
European and Asian stock markets rallied after the Treasury Department and Federal Reserve stepped in Sunday with offers of richer credit lines, equity purchases and direct access to central bank coffers should Freddie and its sister agency Fannie Mae run into deeper financial trouble. ...
Smith Tom, “E-Commerce Holds Keys to Home Ownership: Fannie Mae drives hug volumes of mortgage business to its e-marketplace,” Internetweek.com, Undated, 5 pgs., Internetweek.com, USA. Smith Tom , “Fannie Mae Ramps up Web Apps: Q&A with Julie St. John , Executive Vice President...
5. A method of displaying information in a data processing system according to claim 1, wherein receiving a selection of a product type includes providing a listing of only the products that the seller is eligible to access. 6. A method of displaying information in a data processing system...