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 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...
The ability to do an appraisal for Fannie Mae or Freddie Mac is getting rarer these days now that the GSEs are waiving appraisals on the majority of transactions. Despite drones being everywhere and the GSEs being in receivership, the latter is desperate for higher loan volumes to feed their ...
Fannie Mae Drops Its Fees On Mortgage Conversions; Higher Fixed Rates May Offset SavingsAnn Mariano
Today, buyers are facing the opposite problem: Demand for homes is so insatiable that even as mortgage rates remain elevated and home-insurance costs soar, home prices keep inching up to new record highs. As the chief executive of Fannie Mae FN...
“It’s a highly unaffordable market right now. We are monitoring and following all these trends, things that we’ve never seen before,” Almodovar told MarketWatch in an interview. “You have home prices the highest we’ve seen in two decades,” she said. ...
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 ...
Not coincidentally, California has also led the nation in “housing bubble” searches on Google Trends every year since 2004. The county-level map of Florida does not show as much variation as the California map: Florida Default Rate by CountyCumulative default rate for Fannie Mae/Fre...
Fannie Mae accounting woes could raise mortgage ratesMarcy Gordon
A Pink Slip for Fannie Mae and Freddie Mac? the Free Market Is Better Equipped to Set Housing Prices and Mortgage Rates