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Fannie Mae

780 3rd Ave #38
New York, NY 10017
(917) 322-8960
Fannie Mae
The Federal National Mortgage Association is a government-sponsored enterprise charged by Congress since 1938 to support liquidity and stability in the secondary mortgage market, where mortgage-related assets, including securities, are traded. The main way that Fannie Mae has provided this support has been through securitizing mortgage loans originated by lenders in the primary mortgage market; the agency than backs these securities. The practice, successful for decades, was blamed for a good portion of the 2008 recession and housing collapse. Too many mortgage securities backed by Fannie Mae collapsed or did poorly, costing the agency billions; these costs were passed on to taxpayers, further hurting Fannie Mae’s reputation with the public (as did allegations of executive misconduct). Still, the agency, backed as it is by the U.S. government, does amazing trade: $22.9 billion in revenue in 2012, with assets of more than $3.2 trillion. Tim Mayopoulos has been the CEO of Washington-based Fannie Mae since June 2012. -TA
David Stevens
Federal housing policy makers and mortgage lending groups have been talking about expanding access to home loans for greater numbers of credit-worthy buyers for more...
Terri Sewell Ed Royce
If you’ve been frustrated that the credit scoring system has prevented you from getting a home mortgage, 2016 could be a watershed year. Important changes...
Fannie Freddie ft
With the goal of saving taxpayers billions of dollars in losses in the event of another mortgage crisis, Fannie Mae and Freddie Mac are planning...
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UPDATED, 2:12 p.m., Dec. 23: New York’s investment sales market continued to soar in 2015, bolstered by an enthusiastic lending environment. While many of the...
UPDATED, Dec. 18, 3:52 p.m.: As of today, Manhattan’s largest apartment complex has new owners. According to sources, the Blackstone Group and Ivanhoe Cambridge closed...
In 1852, four years after gold flakes were first discovered at Sutter’s Mill, Henry Wells and William Fargo founded a company that would play a...
UPDATED, Dec. 7, 4:00 p.m.: Mortgage giant Fannie Mae is backing the Blackstone Group and Ivanhoe Cambridge’s acquisition of Stuyvesant Town-Peter Cooper Village with a...
Sean Becketti 1
They rocked at Woodstock, marched in protest on campus, distrusted authority, and then as adults, took out mortgages and bought lots of real estate. But...
For thousands of people across the country who thought they’d never qualify for a mortgage to buy a home, next month could be a key...
TRD Special Report:In August 1947, as the first tenants were moving into Stuyvesant Town-Peter Cooper Village, workers installed a small metal plaque on the west...
Stuyvesant Town Stumpf
Megabank Wells Fargo is taking the lead on $2.5 billion in debt financing for the Blackstone Group and Ivanhoe Cambridge’s acquisition of Stuyvesant Town. Tags: blackstone...
In 2007, Sam Zell struck a deal to sell his entire office-building portfolio to the Blackstone Group for $39 billion, then the biggest leveraged-buyout deal ever....
Ken Harney
Heads up for millennials and first-time home shoppers carrying student debt: New rules could make it tougher to qualify for a low down payment Federal...
Waterbridge 47 - Penthouse
Rendering of Waterbridge 47 in Dumbo Giuliani: Blame "progressive" de Blasio  for  homelessness. Penthouses at Greystone’s Waterbridge 47 condo in Dumbo hit the market. Fannie...
Jenny Brawley Harney
From the August issue: It’s one of the most common lies that home buyers tell mortgage lenders, and it may be on the upswing: In order...
Lexus GS
Could that shiny new car you just financed with a big dealer loan or lease put a damper on your ability to refinance your mortgage...
Could a little-noticed policy change by giant mortgage investor Fannie Mae help homeowners who’d like to move but can’t because they’re underwater — they owe...
Janet Yellen Mortgage
When Federal Reserve head Janet Yellen was asked about housing issues last week, she gave a classic economist’s “on-the-one-hand, on-the-other-hand” answer. But because she neatly...
TRD PROFILE: On a summer day in 2012, Rosewood Realty Group’s Aaron Jungreis was being bombarded with calls from Ralph Herzka, CEO of Meridian Capital...
JPMorgan Chase is buying roughly $45 billion worth of home loans from Atlanta-based Ocwen Financial Corporation. The deal — which starts on June 1 —...
Rental fees
In a city where landing the right rental apartment is celebrated like the birth of a child, brokers and tenants are aware that landlords hold...
From the South Florida website: In a sign the current condo boom is reaching its peak, a pair of prominent developers have relaxed their requirements...
Fannie Mae Survey cropped
Homeownership may no longer be a central tenet of the American Dream. The number of Americans who would buy a home if they were to...
New Yorkers’ down payments on their homes are about ten times the national average, according to a new report from RealtyTrac. Home prices in New...
A closely watched index that tracks mortgage credit availability — lender requirements on credit scores, down payments and other key loan terms — has some...
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The market for big packages of multifamily buildings may have less sex appeal than the fancy condos adorning Billionaire’s Row, but the sector is going...
Over the past two years, companies like SL Green Realty Trust and investor Sam Zell’s Equity Residential have trumpeted their purchases of distressed properties in...
From left: Doug Steiner, Don Capoccia, and Daniel Brodsky Fifty-one -- as in 51 percent sold -- has been the magic number for new condos lately....
Atlanta Commercial Developer Regent Partners plans to put up an office tower on Peachtree Road, the first Buckhead office development in five years. That may...
Atlanta Residential Sea Island, the site of the Group of Eight summit of world leaders this month, is the nation s third-most expensive ZIP code,...

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