or the Federal Home Loan Mortgage Corporation, also a GSE chartered by Congress.2After purchasing mortgages on the secondary market, Fannie Mae pools them to form amortgage-backed security (MBS). An MBS is an asset-backed security secured by a mortgage or pool of mortgages...
Fannie Mae and Freddie Mac shareholders were wiped out when the federal government placed them into conservatorship last month and eliminated their dividend. Yet profits from the company are being skimmed to fund homeownership programs that some see as redundant. ...
In other words, you should be able to get a cheaper mortgage rate, all else being equal, if your home loan conforms to Fannie Mae and Freddie Mac’s standards. For this reason, borrowers will often put more money down to stay under the conforming loan limit. Or take out a combo loan ...
Hennion & Walsh Asset Management President and CIO Kevin Mahn reacts to a Zillow economist warning a 7% mortgage rate could be the new normal on ‘The Big Money Show.’ Fannie Mae has lifted its forecast for mortgage rates from just a month ago, saying rates will stay higher for longer ...
Underwriting guidelines used by one subprime lender, GMAC, were reviewed as a point of comparison to the prime loan products of Fannie Mae, Freddie Mac, and FHA. The review of GMAC's guidelines suggests that subprime products also ... K Burnett,A Cortes,CE Herbert 被引量: 5发表: 2006年...
Fannie Mae (FNMA), federally chartered private corporation created as a federal agency by the U.S. Congress in 1938 to ensure adequate liquidity in the mortgage market regardless of economic conditions. It is one of several government-sponsored enterprises (GSEs) established since the early 20th ...