When.com Web Search

Search results

1. Results From The WOW.Com Content Network

2. Government policies and the subprime mortgage crisis

   en.wikipedia.org/wiki/Government_policies_and...

   "Over the past decade Fannie Mae and Freddie Mac have reduced required down payments on loans that they purchase in the secondary market. Those requirements have declined from 10% to 5% to 3% and in the past few months Fannie Mae announced that it would follow Freddie Mac's recent move into the 0% down payment mortgage market." [153]

3. Housing and Economic Recovery Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Housing_and_Economic...

   The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

4. Fannie Mae - Wikipedia

   en.wikipedia.org/wiki/Fannie_Mae

   Fannie Mae. The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal, [2] the corporation's purpose is to expand the secondary mortgage market by ...

5. What is Fannie Mae? All about America’s big mortgage ... - AOL

   www.aol.com/finance/fannie-mae-america-big...

   Once you close on a loan, it may be purchased by Fannie Mae if the loan meets Fannie Mae’s requirements. The mortgages eligible for Fannie Mae to purchase are called conforming loans. A ...

6. Secondary mortgage market: What it is and how it works - AOL

   www.aol.com/finance/secondary-mortgage-market...

   The lender sells the loan to a mortgage aggregator — often Fannie Mae or Freddie Mac, who buy two-thirds of the mortgages in the U.S. The lender gets cash for selling the mortgage note, allowing ...

7. Flex Modification Program (FMP): Everything you need to know

   www.aol.com/finance/flex-modification-program...

   The Flex Modification program helps homeowners experiencing financial hardship to extend their loan term and reduce principal and interest payments. The program can reduce payments by up to 20 ...