Celtics, Fannie Mae take on another job.(Real Estate)Matte, Jim
Fannie Mae’s (FNM)MyCommunity Mortgagewas at the forefront of the credit crisis, and had many sub-programs, all targeted at low income communities and borrowers. These programs supposedly highlighted the mission that made these GSEs as essential: they were doing what the private sector would no...
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Fannie lobbied hard to prevent the implementation of FAS 133. It forced some changes, but the rule that became effective in 2001 was still not to Fannie's liking. It is therefore believed that Fannie, which has never been afraid to use its huge influence in Washington, never really tried ...
Fannie Mae Now Allows 5% Down on Multifamily It costs hundreds of thousands of dollars to buy an “average” investment property. Even when investors use aninvestment property loanto cover 80-90% of the purchase price, that still might mean coming up with $50,000. For a single investment ...
Note: If a property is used as a group home and a natural person occupies the property as a primary residence or as a second home, Fannie Mae`s terms and conditions apply to the specified occupancy status. Lenders should always remain vigilant about mitigating risks during the construction or...
An uncle once told me, "I've had bad luck with both my wives. The first one left me. And the second one didn't." In a story from Reuters,both Deutsche Bank and France's BNP Paribas SA separately sued Bank of America last Wednesday, "claiming that the largest U.S. bank breached ...
Tough Job for Fannie, Freddie: Boosting Profit amid Rising RatesHigher mortgage rates will make it harder for Fannie Mae and Freddie Mac to increase their earnings in the second half of the year at the current double- digit pace, analysts said.Prakash, Snigdha...
Rep. Frank helped partner land Fannie Mae jobANDREW MIGA
Interim chief is named to top job at mortgage buyer Fannie MaeJonathan D. Glater