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Ironically, the so-called “unavailable list” of properties that do not qualify for Fannie Mae is unavailable for public inspection. As a result, owners, buyers, sellers, associations, mortgage ...
The FHFA announced in October 2022 plans to use two (bi-merge) instead of three (tri-merge) credit reports to determine a buyer’s effective credit score when applying for a mortgage from ...
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.
The Miami Herald reported in December mortgage lenders Fannie Mae and Freddie Mac maintain a list of condominiums unapproved for the acquisition of loans. Fannie Mae and Freddie Mac to add ...
First-lien loans on owner-occupied properties with unpaid principal balance up to $729,750; Higher limits allowed for owner-occupied properties with 2-4 units; All borrowers must fully document income, including signed IRS 4506-T, proof of income (i.e. paystubs or tax returns), and must sign an affidavit of financial hardship
"In 2003, Fannie Mae's estimated market share for bonds backed by single-family housing was 45%. Just one year later, it dropped to 23.5%. As a 2005 internal presentation at Fannie Mae noted, with some alarm, `Private label volume surpassed Fannie Mae volume for the first time.` ...
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