Fannie Mae – Wikipedia – The federal national mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company.Founded in 1938 during the Great Depression as part of the New Deal, the corporation’s purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities.
Fannie Mae's Requirements for a Purchase Transaction – Fannie Mae, a government-backed company, provides financial support for the American real estate industry, which is generally viewed as an important part of quality-of-life standards. By purchasing loans on the secondary market, Fannie Mae ensures a readily-available supply of money for borrowers.
Fannie Mae Reminds Homeowners and Servicers of Mortgage Assistance Options for Areas Affected by the California Wildfires – is reminding those impacted by the California wildfires of the options available for mortgage assistance. Under Fannie Mae’s guidelines for single-family mortgages: "Our thoughts are with the families.
Fannie Mae and Freddie Mac Update Their Private Mortgage. – – The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac (the Enterprises) have published revised Private Mortgage Insurer Eligibility Requirements (PMIERs) for private mortgage insurance companies that insure mortgage loans either owned or guaranteed by the Enterprises.
Fannie Mae Mortgage Rates, Refinances & Home Equity Loans – Introduction to fannie mae fanniemae is a government sponsored entity that was created in 1938 as a way to add stability to the housing market. The sole purpose of FannieMae is to provide banking institutions, and other mortgage companies, a way to keep mortgages available and affordable on the market.
Fannie Mae Selling More Reperforming Loans – Fannie Mae has announced its sixth sale of reperforming loans. In addition, buyers must report on loss mitigation outcomes. Any reporting requirements cease once a loan has been current for 12.
Fannie Mae Multifamily Loans – Crefcoa – The Fannie Mae Multifamily Small Loan program is designed for low cost execution, competitive pricing, reduced documentation, and limited third party reports. The Small Loan program offers borrowers unmatched performance and value, flexible terms and streamlined processing for apartment loan sizes up to $5 million.
fannie mae-freddie mac condo guidelines On Conventional Loans – Fannie Mae-Freddie Mac Condo Guidelines And Requirements. Both Fannie Mae and Freddie Mac Condominium Guidelines are similar. Freddie Mac and Fannie Mae eligibility requirements allow 3% down payment condo purchase conventional loans to borrowers who qualify on owner occupant condos. Second home condos require 10% down payment.
Are You Eligible? – HARP – The program now requires less documentation and has simpler guidelines, all designed to approve more loans. Could you get HARP loan? If your loan is owned by Freddie Mac or Fannie Mae you can refinance with HARP.