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 ...
Fannie Mae's One-Family form open for comment
Fannie Mae is charging taxpayers millions for upgrades to its new headquarters, including $250,000 for a chandelier. The inspector general for the Federal Housing Finance Agency (FHFA), which acts as a conservator for the mortgage lender, recently noted $32 million in questionable costs in an a...
Fannie Mae, the Federal National Mortgage Association (FNMA), is agovernment-sponsored enterprise(GSE) chartered by Congress to stimulate homeownership and provide liquidity to the mortgage market.1Established in 1938 during theGreat Depressionas part of theNew Deal, Fannie Mae helps low- to moderate...
FOR FANNIE MAE AND FREDDIE MAC Fannie Mae and Freddie Mac, government-sponsored enterprises (GSEs) in the secondary mortgage market, are the two largest sources of housing finance in the United States. They fund these mortgages by purchasing loans directly from ...
With government intervention, Fannie Mae should be broken up into many smaller companies. This would spread the risk among the financial market and Fannie Mae would have to compete against other companies to stay in business. If unfortunate events lead to another economic crisis, the financial ...
We analyze causes of the surge in defaults experienced by Fannie Mae and Freddie Mac during the Great Recession. Our data are consistent with the following: The two faced a trade-off between subsidized risk-taking (due to a guarantee implied by their charters) and franchise value (due to th...
The Case for Merging Fannie Mae and Freddie Mac The argument for merging Fannie Mae and Freddie Mac is multifaceted. First and foremost, it addresses the systemic risks inherent in maintaining two nearly identical GSEs. The competition between these entities, which began with their inception decades...
23, 2000, 2 pgs., Fannie Mae, USA. Fannie Mae, “Fannie Mae Announces MORNETPlus Connections; Now Provides Lenders with Access to the Largest Network of Service Providers on the Web for Appraisals, Flood Certificates, Title Insurance and Closing, and Escrow Services,” Press Release, Apr. ...
ACB and Fannie Mae Form PartnershipReports the partnership of America's Community Bankers with Fannie Mae in the United States. Purpose of the partnership; Provisions for the members; Assessment for homeownership.