Reports on the decision of Fannie Mae to grow its portfolio in the second half of the year in the U.S. Emphasis on using its lower-margin adjustable rate mortgages; Expression of concern regarding the credit risk found in private label mortgage-backed loans; Presentation of higher-than ...
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...
But if you studyFannie Mae’s 10Q report, you’ll find that most of the 2013:Q1 reported profit came from Fannie’s decision to recredit itself with $50.6 B in deferred-tax assets. The company’s theory prior to 2008 was that, with all its previous losses, it wouldn’t have to pay...
Fannie Mae. Information about the issuer. News and credit ratings. (LEI B1V7KEBTPIMZEU4LTD58, SWIFT FMAEUS33XXX). Tables with accounting and financial reporting.
Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic...
Fannie Maeissued a Request for Proposal (RFP)to evaluate qualified interested industry participants for potential inclusion in its Title Acceptance pilot and other suppliers that have viable solutions to reduce borrowers’ closing costs. Vendors can respond to the RFP in ProcureOne. The RFP market in...
Roundup: Fannie Mae Ratings Remain on CreditWatch Negative.Roundup: Fannie Mae Ratings Remain on CreditWatch Negative.The article reports on the performance rating of Fannie Mae, a financial institution services in the U.S. It has remained on the AA-minus ratings on Standard & Poor's Ratings ...
(that occurs via the pass-through certificates from Freddie Mac and Fannie Mae). Instead, CRT investors are participating alongside Freddie Mac and Fannie Mae through securitization of a portion of the mortgage credit risk retained by the GSEs. The table in Figure 2 provides...
Gapen, M., (2009), Evaluating the implicit guarantee to fannie mae and freddie mac using contingent claims, in J. Jay Choi, Michael G. Papaioannou (ed.) Credit, Cur- rency, or Derivatives: Instrumentsof Global Financial Stability... MT Gapen - Emerald Group Publishing Limited 被引量: 24...
Fannie Mae and Freddie Mac's congressional charters made them Government Sponsored EnterprisesGSEs. Though private, they had ties to the U.S. federal government that was thought to provide a financial backstop, with a line of credit from the U.S. Treasury for $2.25 billion. In September 2008...