Fannie Mae offers borrowers option to foreclosureALAN ZIBEL
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...
Appraisal news for real estate appraisers and real estate professionals regarding Fannie Mae. News relating to the Appraisal Industry.
borrowers by temporarily suspending their monthly mortgage payments. “A core part of our mission is to provide affordable housing,” says Ron Hulen, Principal of Digital Workplace and Technology Services at Fannie Mae. “We’re also proud to have helped families who couldn’t make their loan ...
Pursue opportunities to encourage current HARP-eligible borrowers to take advantage of beneficial refinance opportunities. Develop and execute additional strategies to reduce the number of severely aged delinquent loans held by the Enterprises, considering tools such as loan modifications, short sales, deeds...
“demand” side of credit policies, which is a relatively unexplored research area. In this paper, we focus on corporate borrowers. We provide evidence that the structure of executive compensation is an important determinant of the transmission of credit policies. In this regard, our results ...
Fannie and Freddie together finance about half of U.S. homes, and are seen as vital for stabilizing the worst housing slump since the Great Depression some 80 years ago. But as mortgage defaults rise even among borrowers with seemingly solid credit, concerns have grown that the two agencies ...
If the DTI ratio is too high, borrowers can make a larger down payment, reducing monthly costs. While a 20% down payment is considered ideal, some borrowers may be able to put as little as 3% down.19Homebuyers must also meet minimum credit requirements for Fannie Mae-backed mortgages. For...
Through Dec. 31, 2019, Fannie Mae and Freddie Mac had repaid the Treasury a total of $301 billion in dividends during their conservatorship.24Since then, each has been building its capital reserves. In mid-February 2024, Fannie Mae reported that its 2023 year-end net worth was $77.7 billio...
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