On July 11, Freddie Mac made an announcement (or threat, if you prefer) that their 10 Billion per month runoff in the retained portfolio would free up $250 million per month if not reinvested. The same, roughly, could be said of Fannie Mae. So, by doing nothing, they free up capita ...
Nicole Summers
Both Fannie Mae and Freddie Mac were authorized to buy and sell conventional mortgages as well as those insured by the FHA or VA, which were now guaranteed by a new Government National Mortgage Association, better known as Ginnie Mae. To attract new investors to the secondary mortgage market,...
foreclosureAlt-AGSEFollowing the Great Depression, the federal government was the primary architect of the secondary residential mortgage market. The foremost pillars of this fedeChristopher Lewis PetersonSocial ence Electronic PublishingPeterson, C.L. (2009). `Fannie Mae, Freddie Mac, and the home ...
However, because courts are reluctant to find state action where the government regulates the secondary mortgage market, it remains unlikely that Fannie Mae and Freddie Mac will be required to provide notice and an opportunity to be heard to homeowners facing nonjudicial foreclosure....
ForeclosureFannie MaeFreddie MacConservatorshipHousing and Economic Recovery Act of 2008In 2008, Congress passed the Housing and Economic Recovery Act (HERA) to rescue Fannie Mae and Freddie Mac from financial collapse. HERA created the Federal HouSummers, Nicole...
Fannie Mae and Freddie Mac Announce Holiday Moratorium on Mortgage Foreclosure EvictionsWilliam E. Lewis, Jr
Government-sponsored mortgage giants Fannie Mae, Freddie Mac address foreclosure messBen Mook
Fannie Mae and Freddie Mac hold or guarantee about three-quarters of the mortgages in the U.S. Traditionally, those mortgages have been foreclosed by non-judicial foreclosure in the states (more than half the states) that allow non-judicial foreclosure. In September 2008, a federal agency, ...
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...