Fannie Mae has been publicly traded since 1968.7Until 2010, it traded on theNew York Stock Exchange(NYSE). Following theGreat Recessionand its impact on thehousing market, Fannie Mae was forced to delist its shares for failure to meet the minimum closing price requirement mandated by the NYSE....
As noted, conforming home loans adhere tounderwritingstandards set by Fannie Mae and Freddie Mac. This includes credit and income requirements, such as a minimum 620 FICO score and full doc underwriting, which considers income, assets, and employment history. A maximumDTI ratioof 43% is permitted...
Farmer grew up in Boston and in Medford, Massachusetts. She suffered a paralyticstrokeduring her high-school years that forced her to end her formaleducation. She recovered sufficiently to find employment as a mother’s helper, and she soon showed both an aptitude and a great fondness forcookin...