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


10/16/18
...Hell’s Kitchen. This debt replaced a $55.8 million Fannie Mae mortgage from 1999. The seller was Boston-based investment firm AEW. 10) Perelmansion - $110 million Billionaire Ronald...

10/11/18
...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...

09/28/18
...lenders, and are the only scores that mega-investors Fannie Mae and Freddie Mac accept. They are also used extensively for credit card, auto loan...

09/21/18
...major players, including banks and big investors like Fannie Mae. Here's a quick overview: -- Overall fraud in mortgage applications jumped by 12.4 percent from...

09/18/18
...originated the new debt, which replaces a $55.8 million Fannie Mae mortgage from 1999, according to records filed with the city on Tuesday. Dermot was reported...

09/07/18
...of mortgage money in the U.S., investors Fannie Mae and Freddie Mac, are actively exploring ways to more fairly underwrite self-employed and gig...

08/31/18
...requirements haven't budged much at the giant investors Fannie Mae and Freddie Mac, both of whom were bailed out by the federal government 10 years...

08/24/18
...provides the developer with an additional $23.1 million in Fannie Mae debt, according to documents filed with the New York City Department of Finance. Wells...

08/16/18
...securities, and about $1.5 billion in securities issued by Fannie Mae and Freddie Mac are backed exclusively by Morgan mortgages. The investigation already led to...

08/10/18
...a conventional mortgage eligible for sale to investors Fannie Mae or Freddie Mac, or a score in the mid to upper 600s for a...

08/03/18
...The loans are being originated for sale to Fannie Mae and Freddie Mac, the big federally regulated mortgage investors. FICO scores for home-purchase loans...

07/28/18
...agency oversees mortgage finance companies Freddie Mac and Fannie Mae, which have been under government conservatorship since the 2008 crash. In June, the Trump administration...

07/20/18
...outlined by two new, provocative studies. One, from Fannie Mae...

06/21/18
...House on Thursday unveiled a plan to release Fannie Mae and Freddie Mac from government control and turn them into private companies. Under the...

06/13/18
...appraiser Jonathan Miller, who uses guidelines established by Fannie Mae and the American National Standards Institute. “If you had an appraiser, a broker and...

06/08/18
...-- More flexibility on debt-to-income ratios (DTIs). Investors Fannie Mae and Freddie Mac are allowing lenders to say yes to credit-worthy buyers with DTIs...

06/01/18
...of home-mortgage money in the country -- investors Fannie Mae and Freddie Mac -- are quietly working on ways to make qualifying for a...

05/25/18
...mortgages originated for bank portfolios or for investors Fannie Mae and Freddie Mac, and government loans (FHA, VA and rural housing). The overall rate...

05/16/18
...CRTs, like traditional mortgage-backed securities, are issued by Fannie Mae and Freddie Mac, the government-sponsored mortgage giants. But unlike traditional housing bonds, CRTs aren...

05/04/18
...sources of American mortgage financing -- federally backed Fannie Mae and Freddie Mac -- began accepting home-purchase loans that carried no formal property appraisal...

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 --...
  • Event Financing
  • Address 410 West 53rd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 166,518
  • Price $ 71,400,000
  • Publication Date 08/27/2018
  • Event Date 08/24/2018
  • Party 1 Rockrose Development
  • Party 2 Wells Fargo, Fannie Mae
notes
The lender issued a loan of $71.4 million for the Clinton property.
  • Event Financing
  • Address 342 East Eighth Street
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 73,359
  • Price $ 23,700,000
  • Publication Date 05/15/2018
  • Event Date 05/15/2018
  • Party 1 East 8 St. LM Madison JV
  • Party 2 Fannie Mae
notes
The owner of the East Village building secured a loan for $23.7 million.
  • Event Financing
  • Address 255 East 149th Street
  • Neighborhood Bedford Park
  • Borough Bronx
  • Square feet 547,382
  • Price $ 82,565,000
notes
The borrower secured a $82.6 million subordinate mortgage from New York State Finance Agency, later assumed by Fannie Mae, for the Michelangelo Apartments Complex
  • Event Financing
  • Address 540 First Avenue
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 2,675,000
  • Price $ 150,000,000
notes
The secured loan of $150 million is in addition to the $2.7 billion acquisition loan from Fannie Mae.
  • 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 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
  • 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

...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...