Fannie Mae is requiring appraisers to use ANSI standards starting April 1st. What does that mean for appraisers and how can they make sure they are following all the new guidelines correctly? These questions and much more will be answered as Joan Trice and Bryan Reynolds have their discussion o...
"Fannie Mae, the giant mortgage finance company that helps shape lending guidelines, plans more crackdowns next month to further tighten lending practices." Those in the business know that this is the rollout of DU 8.0, "raising of minimum credit score requirements and limiting the amount of ov...
U.S. Enters Fannie Mae, Freddie Mac Debate
Fannie Mae is said to be putting on hold a sale of potentially billions of dollars in nonperforming loans. Sources said the government-sponsored enterprise and its regulator, the Federal Housing Finance Agency, are beginning to feel that it may not be prudent to unload the loans in the long...
The article focuses on the possible bailout of the government-owned business Fannie Mae in the U.S. Fannie Mae is facing a financial risk as it protects itself from the financial and housing market. The bailout will possibly affect the investors and the stockholders of the business, as well...
Fannie Mae Probe Faults Top Execs
The article reports that KPMG has launched its legal salvo at Federal National Mortgage Association (Fannie Mae), the firm's former audit client. The anticipated action of KPMG came in the form of the firm's filing on April 16, 2007 asserting breach of contract, fraudulent misrepresentation, ...
Greenspan urges Congress to restrict Fannie Mae, Freddie Mac holdings
The article focuses on the plan of Fannie Mae to reduce the amount of time it takes to pay for its purchases of loans from smaller lenders. It would take a month for the sellers to see the proceeds of the transactions in the past. According to the U.S. lender, the move allows ...