Fannie Mae | The Real Deal New York

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Fannie Mae

780 3rd Ave #38
New York, NY 10017
(917) 322-8960
Website

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 Maes 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


04/10/18
...mortgage financing data provided by Freddie Mac and Fannie Mae, CoreLogic found that 73 percent more of these loans were issued in the second half...

04/02/18
...Long Island and a Plainview law firm overcharged Fannie Mae by millions of dollars. Plainview law firm accused of overcharging Fannie Mae by millions...

03/31/18
...related to mortgage foreclosures on loans owned by Fannie Mae. The firm is alleged to have overbilled Fannie Mae by up to 750 percent — millions...

03/29/18
...by home loans too risky to qualify for Fannie Mae or Freddie Mac’s quasi-insurance almost doubled year-over-year in the first quarter of 2018, to...

03/16/18
...A key policy change by mortgage giant Fannie Mae that offered homeownership to thousands of new buyers -- many of them minorities --...

03/08/18
...expects this spring’s sales to be flat. Fannie Mae data from February showed that consumer confidence had dropped in the housing market, and...

03/07/18
...non-traditional lenders are available, and lending activity from Fannie Mae and Freddie Mac hasn’t slowed down in the multifamily sector. Gerard Sansosti, an...

03/06/18
...not much higher than the average 3.67 percent that Fannie Mae and Freddie Mac fixed-rate mortgages carry, according to the Mortgage Bankers Association of America...

03/02/18
...telemarketer and "falsely claims to be calling from Fannie Mae," the government-backed home loan investor. The caller then says he's following up on a...

02/16/18
...law should have a positive impact on business. Fannie Mae hopes to shed more than $1 billion of delinquent loans As it eliminates non-performing loans...

02/13/18
...Single family homes Fannie Mae is planning to sell off more than $1 billion worth of loans that are not...

01/12/18
...However, the bank is facing increasing competition from Fannie Mae and Freddie Mac, the two government-backed mortgage giants, in its affordable multifamily lending business...

01/05/18
...and Freddie to sell assets The future of Fannie Mae and Freddie Mac is being debated in Congress, and the owners of billions of...

01/04/18
...that own billions worth of preferred shares in Fannie Mae and Freddie Mac are keeping an anxious eye on Washington, D.C. as Congress...

01/03/18
...new credit scoring system for loans backed by Fannie Mae and Freddie Mac. Currently, Fannie and Freddie won’t buy mortgages unless lenders assessed...

...However, the bank is facing increasing competition from Fannie Mae and Freddie Mac, the two government-backed mortgage giants, in its affordable multifamily lending business...

12/27/17
...they’re called, “the place to be” in 2018. Fannie Mae and Freddie Mac started issuing CRT bonds, which are backed by pools of home...

12/26/17
...loans that are too big to sell to Fannie Mae and Freddie Mac. In most parts of the country, a jumbo loan is one...

12/25/17
...you need the backing of Freddie Mac and Fannie Mae.” Schumer and Representative Carolyn Maloney began lobbying the Federal Housing Administration, which oversees Fannie...

12/22/17
...U.S. Treasury building and Mel Watt Fannie Mae and Freddie Mac, the country’s two dominant mortgage giants, will get to keep...

12/20/17
...Wells Fargo. The new loan replaces a $134 million Fannie Mae mortgage issued by JPMorgan Chase, Commercial Observer reported. Built in 1959 as office space, the...

12/01/17
...of banks and mortgage companies by giant investor Fannie Mae found that a record number of lenders report that they have relaxed at least...

11/30/17
...and Freddie fight over $7.7B with Trump administration Fannie Mae and Freddie Mac will owe the Treasury Department more than $7 billion at the end...

11/29/17
...FHFA Director Melvin Watt Fannie Mae and Freddie Mac owe the White House more than $7 billion, and the two entities...

11/24/17
...Freddie re-entering Low Income Housing Tax Credit market Fannie Mae and Freddie Mac are re-entering the Low Income Housing Tax Credit market, which encourages...
  • Event Residential Sales
  • Building Name 1275 East 51Street
  • Address Unit 1D, 1275 East 51Street
  • Unit 1D
  • Neighborhood Flatlands
  • Borough Brooklyn
  • Price $ 172,000
  • Publication Date 02/01/2016
  • Event Date 01/22/2016
  • Party 1 Fannie Mae; Federal National Mortgage Assn
  • Party 2 Saunders, Patrick
  • Event Residential Sales
  • Building Name 191 Willoughby Street
  • Address Unit 14H, 191 Willoughby Street
  • Unit 14H
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Price $ 777,604
  • Publication Date 12/04/2015
  • Event Date 11/13/2015
  • Party 1 Fannie Mae; Federal National Mortgage Assn
  • Party 2 Wong, Edmund; Zheng, Jinny
  • Event Residential Sales
  • Building Name 83-85 116th Street
  • Address Unit 1G, 83-85 116th Street
  • Unit 1G
  • Neighborhood Kew Gardens
  • Borough Queens
  • Square feet 435
  • Price $ 131,820
  • Price per foot $ 303.03
  • Publication Date 07/10/2015
  • Event Date 06/25/2015
  • Party 1 Fannie Mae; Federal National Mortgage Association
  • Party 2 Baqi, Kameron
  • Event Residential Sales
  • Building Name 1275 East 51st Street
  • Address Unit 1E, 1275 East 51st Street
  • Unit 1E
  • Neighborhood Flatlands
  • Borough Brooklyn
  • Price $ 220,000
  • Publication Date 06/10/2015
  • Event Date 05/01/2015
  • Party 1 Fannie Mae
  • Party 2 Peter, Calista
  • Event Residential Sales
  • Building Name 65-31 52nd Avenue
  • Address Unit 1A, 65-31 52nd Avenue
  • Unit 1A
  • Neighborhood Maspeth
  • Borough Queens
  • Square feet 5,258
  • Price $ 279,864
  • Price per foot $ 53.23
  • Publication Date 03/24/2015
  • Event Date 03/06/2015
  • Party 1 Fannie Mae; Federal National Mortgage Association
  • Party 2 Fan, Su Fang; Yee, Jason
  • Event Residential Sales
  • Building Name 41-42 50th Street
  • Address Unit 1A, 41-42 50th Street
  • Unit 1A
  • Neighborhood Sunnyside
  • Borough Queens
  • Price $ 216,900
  • Publication Date 08/13/2014
  • Event Date 07/16/2014
  • Party 1 Fannie Mae; Federal Home Loan Mortgage Association
  • Party 2 Escobar, Jennifer
  • Event Residential Sales
  • Building Name 78-80 East 127th Street
  • Address Unit 16, 78-80 East 127th Street
  • Unit 16
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 15,544
  • Price $ 150,600
  • Price per foot $ 9.69
  • Publication Date 03/14/2014
  • Event Date 02/25/2014
  • Party 1 Fannie Mae
  • Party 2 Lorenzo, Couto
  • Event Residential Sales
  • Building Name 105-24 63rd Drive
  • Address Unit 1J, 105-24 63rd Drive
  • Unit 1J
  • Neighborhood Forest Hills
  • Borough Queens
  • Price $ 143,988
  • Publication Date 01/30/2014
  • Event Date 01/13/2014
  • Party 1 Fannie Mae
  • Party 2 Cabadin, Ernesto R
  • Event Residential Sales
  • Building Name 76-04 Springfield Boulevard
  • Address Unit 157A2, 76-04 Springfield Boulevard
  • Unit 157A2
  • Neighborhood Bayside
  • Borough Queens
  • Price $ 118,300
  • Publication Date 10/30/2013
  • Event Date 09/13/2013
  • Party 1 Fannie Mae A/K/A Federal National Mortgage Associa
  • Party 1 Entity Wotc Tenants Corp.
  • Event Residential Sales
  • Building Name 323 East 21st Street
  • Address Unit 1B, 323 East 21st Street
  • Unit 1B
  • Neighborhood Gramercy
  • Borough Manhattan
  • Price $ 284,934
  • Publication Date 07/01/2013
  • Event Date 06/11/2013
  • Party 1 Fannie Mae A/K/A Federal National Mortgage Associa
  • Party 2 Ditrapani, Michael
  • Event Residential Sales
  • Building Name 616 West 137th Street
  • Address Unit 1D, 616 West 137th Street
  • Unit 1D
  • Neighborhood Hamilton Heights
  • Borough Manhattan
  • Price $ 304,200
  • Publication Date 02/26/2013
  • Event Date 02/06/2013
  • Party 1 Fannie Mae A/K/A Federal National Mortgage Associa
  • Party 2 Barbero, Sylvaine
  • Event Residential Sales
  • Building Name 88-22 155th Avenue
  • Address Unit 0074, 88-22 155th Avenue
  • Unit 0074
  • Neighborhood Howard Beach
  • Borough Queens
  • Price $ 113,000
  • Publication Date 09/28/2012
  • Event Date 09/27/2012
  • Party 1 Fannie Mae A/K/A Federal National Mortgage Assoc
  • Party 2 Ramsarran, Rachel Ann
  • Event Residential Sales
  • Building Name 64-34 102nd Street
  • Address Unit 11J, 64-34 102nd Street
  • Unit 11J
  • Neighborhood Rego Park
  • Borough Queens
  • Price $ 133,000
  • Publication Date 08/24/2012
  • Event Date 08/13/2012
  • Party 1 Fannie Mae A/K/A Federal National Mortgage Assoc
  • Party 2 Moskal , Agnieszka M; Piszczatowski, Mariusz
  • Event Residential Sales
  • Building Name 143-50 Hoover Avenue
  • Address Unit 1B, 143-50 Hoover Avenue
  • Unit 1B
  • Neighborhood Briarwood
  • Borough Queens
  • Price $ 69,000
  • Publication Date 12/05/2013
  • Event Date 06/16/2011
  • Party 1 Fannie Mae
  • Party 2 Lehman, Cherry

...The sellers — Urban American Management and equity partner Fannie Mae — bought the portfolio in 2007 for $251 million from the LeFrak Organization. At the time, it...

...partner; the country’s largest home funding company, Fannie Mae; and investment firm BlackRock Realty. Rainbow, headed by Brooklyn investors Irving Langer and Leibel...

...now that more buildings are getting a special Fannie Mae waiver that gives buyers better mortgage rates once 51 percent of the units have been...
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