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...
Fannie Mae’s (FNM)MyCommunity Mortgagewas at the forefront of the credit crisis, and had many sub-programs, all targeted at low income communities and borrowers. These programs supposedly highlighted the mission that made these GSEs as essential: they were doing what the private sector would no...
American Mortgage Giants Fannie Mae and Freddie Mac: Ending the Unceasing ConservatorshipVukovich, CalebJournal of Corporation Law
Freddie Mac, Fannie Mae's brother corporation, was founded in 1970. It was created with a similar mission: to provide liquidity and keep it flowing in the mortgage market. Freddie Mac also operates a website that lists an inventory of homes available for purchase, HomeSteps.com. Their invent...
Fannie Mae, a major U.S. mortgage backer, is urging federal officials to require that home buyers and renters receive disclosures about properties’ flood zone designation and past flooding events, as the Federal Emergency Management Agency (FEMA) weighs an overhaul of flood insurance standards for...
But perhaps one of the biggest threats to the markets could be lurking right in your backyard. Namely, Fannie Mae and Freddie Mac, two of the world's largest financial institutions that collectively control over five trillion dollars in mortgage debt ...
Fannie Mae Federal National Mortgage Association is a government-sponsored company, which engages in the provision of liquidity for purchases of homes and financing of multifamily rental housing and refinancing existing mortgages. It operates through the Single-Family and Multifamily segments. The Single...
Appraisal news for real estate appraisers and real estate professionals regarding Fannie Mae. News relating to the Appraisal Industry.
“Consumers are increasingly pessimistic about both homebuying and home-selling conditions. Amid persistently high home prices and unfavorable mortgage rates, the ‘bad time to buy’ component increased to a new survey high this month, while the ‘good time to sell’ component continued its ...
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 ...