Fannie Mae to Let Any Lender Use New Patented Technology.The article looks at the decision of the Federal National Mortgage Association to allow any lender to use patented lending technology on a non-exclusive and royalty-free basis.Paletta...
Fannie lobbied hard to prevent the implementation of FAS 133. It forced some changes, but the rule that became effective in 2001 was still not to Fannie's liking. It is therefore believed that Fannie, which has never been afraid to use its huge influence in Washington, never really tried ...
Just as when attempting to purchase a non-foreclosed home, you must provide documentation to Fannie Mae that you can pay for the house. You can do this by obtaining a prequalification or preapproval letter from your lender. Based on the prequalified amount, search for foreclosures on Fannie ...
For mortgage transactions, the available types include Note, Addendum, Security_Instrument, Assignment, Rider, Disclosure, TIL, Itemization, RightToCancel, HUD-1, RESPA, Closing Instruction, PaymentLetter, BorrowerAffidavit, Insurance, Lender, Investor, LoanModification, DeedOfTrust, and Other. The ...
The RefiNow program requires a reduction in the homeowner’s interest rate by a minimum of 50 basis points and savings of at least $50 in the homeowner’s monthly mortgage payment. Fannie Mae provides a $500 credit to the lender at the time that the loan is purchased if an appraisal was...
The U.S. Department of the Treasury and the FHFA have announced an agreement to amend the Preferred Stock Purchase Agreements (PSPAs) between Treasury and each of Fannie Mae and Freddie Mac (the GSEs) to move the GSEs toward capitalization levels consistent with their size, risk, and importan...
Fannie Mae buys mortgage loans from lenders to free up your lender's ability to make new loans to homebuyers. Typically, you would continue to make your mortgage payment to the same mortgage servicer. What Are the Benefits of a Fannie Mae Mortgage Loan? Fannie Mae offers flexible options to...
Reports the decision of Fannie Mae Corp. to resort to small mortgage lenders in the U.S. Consolidation between the American Bankers Association (ABA) and the Independent Community Bankers of America; Arrangements of Fannie and Freddie Mac in gathering loans form smaller banks; Benefits from the ...
FANNIE MAE AND LENDER PARTNERS DELIVER MH FINANCINGFANNIE MAE HAS JOINED WITH NINE lenders to work toward transforming the manufactured-housing market, including providing purchasers of manufactured homes...
The article reports that CB Richard Ellis Group Inc.'s (CBRE) Multi-Housing Group has become a Fannie Mae Delegated Underwriting and Servicing (DUS)-lender in the U.S. The privilege allows the company to originate, underwrit...