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...
The article presents questions and answers about U.S. mortgage insurance firms Fannie Mae and Freddie Mac including what kind of firms they are, what roles they play in the mortgage market and how one knows if they have a Fannie or Freddie mortgage.Simon...
State sues for answers from Fannie Mae, Freddie Mac on housing meltdownBy Alejandro LazoLos Angeles Times
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approvedlendinginstitutionsandareinsuredunderthegovernment’sFederalHousingAdministration(FHA)insuranceprogram.FannieMaestronglysupportstheHECMprogramandprovidesfundingforreversemortgages.Tohelpyoulearnmore,wehaveprovidedthefollowinganswerstosomeofthemostcommonlyaskedquestionsabouttheprogramandFannieMae’sparticipationinit.Q:...
Focuses on the decision of Mortgage Guaranty Insurance Corp. to introduce low-cost mortgage guarantee insurance plans in response to the announcement from the Federal National Mortgage Association ...
The article presents questions and answers related to crisis of confidence surrounding Fannie Mae and Freddie Mac, both government sponsored entities (GSEs), including the impact on the credit rating of the companies, the senior preferred stock purchase agreement and who will manage the GSEs.Wagner...