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


04/18/17
...State Housing Finance Agency – with the mortgage giant Fannie Mae providing credit enhancement – and a $23.2 million loan from the seller, BSR Management. The mortgages...

04/17/17
...longer the largest owner of securities backed by Fannie Mae and Freddie Mac as of January 2017. But transaction data for February from the U...

03/31/17
...was originated by Wells Fargo and passed to Fannie Mae. The mortgage giant planned to sell it to investors as commercial mortgage-backed securities, but...

03/31/17
...the mortgage market and mandated by giant investors Fannie Mae and Freddie Mac, run from 300 to 850. Higher scores mean lower risk to the lender...

03/17/17
...for FHA, especially at a time when competitors Fannie Mae and Freddie Mac have introduced new programs offering low down payments? Turns out it's...

03/10/17
...Trump and Ben Carson (Credit: Getty Images) When Fannie Mae agreed to back $1 billion in single-family rental debt from Blackstone Group’s Invitation Homes...

02/27/17
...Kushner Companies' real estate holdings are intertwined with Fannie Mae and Freddie Mac, the mortgage finance giants that may face an overhaul during the...

02/23/17
...s federal appeal court decision that investors in Fannie Mae and Freddie Mac aren’t entitled to billions in profits. Mnuchin previously said that...

02/17/17
...investment. And as far as what happens to Fannie Mae and Freddie Mac, that’s going to take a little longer to work out...

02/17/17
...Kushner Companies has $568.8 million in loans backed by Fannie Mae and Freddie Mac outstanding, creating the potential for conflicts of interest as White House...

02/15/17
...Housing Administration, Department of Housing and Urban Development, Fannie Mae and Freddie Mac...

02/13/17
...also a co-founder of Beech Street Capital — a Fannie Mae, Freddie Mac and FHA loan servicer that Capital One acquired for an undisclosed sum...

02/13/17
...estate finance. The country saw the mortgage giants Fannie Mae and Freddie Mac put into government conservatorship, essentially nationalizing the secondary mortgage market. Congress...

02/06/17
...trillion. Since then, 30-year bonds made up of Fannie Mae...

02/03/17
...-- those eligible for sale to giant investors Fannie Mae and Freddie Mac -- still pulls in plenty of applicants with solid scores. Thirty...

01/30/17
...service $97 billion in securitized residential loans backed by Fannie Mae and Freddie Mac to New Residential Investment Corporation for $950 million. In a separate deal...

01/27/17
...controversy: The two behemoths of the mortgage business — Fannie Mae and Freddie Mac — continue to use a credit scoring model that even its developer...

01/20/17
...percent down conventional loan eligible for sale to Fannie Mae or Freddie Mac, according to an analysis prepared by Paul Skeens, president of Colonial...

01/19/17
...Fannie Mae's Timothy Mayopoulos and Deloitte's Punit Renjen Fannie Mae’s private shareholders suffered a defeat in federal court Wednesday, when a judge ruled...

01/03/17
...construction projects slated for completion in 2017, and how Fannie Mae and Freddie Mac continue to use a credit scoring model that penalizes thousands of...

12/16/16
...for conventional mortgages eligible for purchase by investors Fannie Mae and Freddie Mac (10.8 percent). Turndowns because of excessive DTI ratios accounted for nearly a...

12/15/16
...Watt, the head of the federal agency overseeing Fannie Mae and Freddie Mac, said he plans to stay on in his role even after...

12/08/16
...Blackstone plans to assume the $200.1 million in existing Fannie Mae financing from Wells Fargo. That loan, which Wells provided in 2013, carries a 10-year term...

12/02/16
...The two behemoths of the mortgage business -- Fannie Mae and Freddie Mac -- continue to use a credit scoring model that even its...

11/29/16
...should have expected prices to rise this much,” Fannie Mae chief economist Doug Duncan said. “We have a caution light on.” Historically low interest...
  • 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...

...affordable to unaffordable homeownership, according to a new Fannie Mae study. In 1999, a Washington, D.C.-area family that earned $62,000 could qualify for a...

...has not yet been closed, but mortgage company Fannie Mae has signed a letter of intent for 1.5 million square feet of space at Southwest...
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