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
Here’s some potentially good news for anyone seeking a low down payment mortgage without high credit scores: The Federal Housing Administration is cutting its mortgage...
Fannie Mae's Timothy Mayopoulos and Deloitte's Punit Renjen
Fannie Mae’s private shareholders suffered a defeat in federal court Wednesday...
In 2013, founder and CEO of Peebles Corporation Don Peebles and his partner, the Israeli-based American real estate company Elad Group, purchased a 13-story building...
They are the three biggest snares for home buyers seeking mortgages, and if you focus on them in advance you’re much less likely to have...
Mel Watt, the head of the federal agency overseeing
Fannie Mae and Freddie Mac, said he plans to stay on in...
UPDATED, 1:17 p.m., Dec. 13: In the largest New York City multifamily deal of the year so far, Blackstone Group closed Thursday on the $620...
...end-of-the-year controversy: The two behemoths of the mortgage business --
Fannie Mae and Freddie Mac -- continue to use a credit scoring...
They’re baaaack. After 10 long years, U.S. home prices finally climbed back to the record peak set in mid-2006 before the recession decimated the market....
...a new development condo be sold before buyers can get
Fannie Mae or Freddie Mac loan. (The threshold was lowered from 50 percent...
So you still think it’s impossible to get a mortgage because lenders’ standards continue to be super-strict and your profile doesn’t quite fit the standard...
...homes in Queens
In a boost to highly leveraged homeowners,
Fannie Mae and Freddie Mac extended a mortgage refinance program by another...
5. Blackstone to finance $620M Kips Bay Court buy with
Fannie Mae loan...
...Bay Court, Blackstone Group plans to assume the existing $200.1 million
Fannie Mae mortgage and will not seek additional debt, sources told The...
A nonprofit representing low-income New Yorkers filed a lawsuit against the federal department of housing and urban development and private fund manager Lone Star Funds,...
Are you or someone you know needlessly missing in action this summer, leaving near historically low mortgage money at 3.5 percent to 3.75 percent on the...
Congressional Democrats and Republicans haven’t agreed on much lately, but they’re together on one issue that affects condominium buyers and sellers across the country: The...
Are millions of homeowners sitting on much bigger equity nest eggs than they think? Do you know how much equity you’ve got? If not, could...
Wells Fargo and JPMorgan Chase expanded their overall commercial real estate loan portfolios in the second quarter amid a challenging lending environment, according to earnings...
Think of them as back-room surcharges that increase what you pay when you get a conventional home mortgage. They can also kill your loan application...
...Housing Finance Agency wants to turn the government-backed mortgage giants
Fannie Mae and Freddie Mac into lender-owned insurance companies.
Edward DeMarco, who...
Want to put solar panels on your roof -- owning...
Erroneous or outdated negative items on your credit report can be deal killers — or at least deal delayers — when you’re trying to purchase...
From the Los Angeles website: For bankers these days, mitigating risk is everything. That’s why jumbo mortgages, the heftier-than-average loans with stringent underwriting requirements, have...
...Countrywide Financial division’s role in selling toxic mortgages to
Fannie Mae and Freddie Mac in the buildup to the 2008 financial crisis...
Are you a “transactor” or a “revolver” when it comes to your credit? Terms like these never have mattered much to home buyers seeking a...
1275 East 51st Street
Unit 1E, 1275 East 51st Street
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Unit 16, 78-80 East 127th Street
Price per foot
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Unit 1J, 105-24 63rd Drive
Cabadin, Ernesto R
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Unit 1B, 143-50 Hoover Avenue
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From left: Doug Steiner, Don Capoccia, and Daniel Brodsky
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