Noun1.Fannie Mae- a federally chartered corporation that purchases mortgages Federal National Mortgage Association,FNMA corp,corporation- a business firm whose articles of incorporation have been approved in some state Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University,...
As part of this effort, Fannie Mae undertook an initiative to transform some of their key internal business processes to align with CSS to build a universal securitization platform for the issuance and management of mortgage-backed securities. Within three years, Fannie Mae planned to develop an ...
Fannie Mae also invests in its own mortgage-backed securities as well as the MBS issued by other institutions, called Fannie Mae’s retained portfolio. This is funded by agency debt, which is debt implicitly guaranteed by the federal government. If Fannie Mae is unable to pay its obligations,...
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...
Office of Federal Housing Enterprise Oversight (OHFEO) has freezed Fannie Mae mortgage portfolio assets. Under a consent agreement with OHFEO, Fannie Mae's "mortgage portfolio" assets, which include state and local housing bonds, would remain frozen at roughly the $727 billion level. The freeze...
there was not a single question about the government taking on all the liabilities of failed mortgage giants Fannie Mae and Freddie Mac. The $400 billion in spending caps were lifted for the next 3 years, and that totals more than $6.2 trillion in liability on mortgage backed securities. (...
Fannie Mae, “Fannie Mae Announces MORNETPIus Connections; Now Provides Lenders with Access to the Largest Network of Service Providers on the Web for Appraisals, Flood Certificates, Title Insurance and Closing, and Escrow Services,” Press Release, Apr. 18, 2001, 3 pgs., Fannie Mae, USA. ...
Object Management Group, “Fannie Mae”, CORBA Banking/Finance, Sep. 17, 2001, 2 pgs, Object Management Group, Needham, MA, USA. Smith Tom, “E-Commerce Holds Keys to Home Ownership: Fannie Mae drives hug volumes of mortgage business to its e-marketplace,” Internetweek.com, Undated,...
Goldman makes offer for Fannie Mae assetsZachary A Goldfarb
Bank of America to settle with Fannie Mae, sell mortgage assetsdoi:urn:uuid:8b9f16358851c310VgnVCM100000d7c1a8c0RCRDBank of America on Monday announced roughly $11.Fox BusinessReuters