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...
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 Mae is a government-sponsored enterprise (GSE) that helps expand the liquidity of home mortgages by creating a secondary mortgage market. Although Fannie Mae does not lend money directly to consumers, it purchases and guarantees loans from lenders, freeing up those lenders to make new loans...
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...
Fannie Mae helps lender servicingClayton, Michelle
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...
Mortgagor dropped by Fannie Mae Commonwealth removed from approved lender listMatt Carroll, Globe Staff
Countrywide Won Influence with Discounts, Report Shows Lender Targeted Congress Members and Fannie MaeWASHINGTON -- The former Countrywide Financial Corp., whosesubprime loans helped start the...Margasak, Larry
The article reports on the decision of Fannie Mae to increase the eligibility requirements for lenders wanting to do business with it. The agency will now require lenders to prove a net worth of at least 2.5 million U.S. dollars along with cash available equivalent to 0.25% of its portfolio...