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2. HomeReady mortgage guide - AOL

   www.aol.com/finance/homeready-mortgage-guide...

   Fannie Mae is offering a $2,500 credit to HomeReady borrowers with incomes at 50 percent or less of their respective area median incomes. This credit can be put toward your down payment or closing ...

3. HFA loans: Everything you need to know - AOL

   www.aol.com/finance/hfa-loans-everything-know...

   HFA loans are conventional mortgages, issued by private lenders, which must conform to guidelines set by Fannie Mae and Freddie Mac. HFAs support affordable housing initiatives, including helping ...

4. First-Time Homebuyer’s Guide to Mortgage Loans ... - AOL

   www.aol.com/first-time-homebuyer-guide-mortgage...

   Fannie Mae standard home loans also let you purchase with just 3% down as long as at least one borrower is a first-time homebuyer. Standard loans have no income limits. Down payment required: 3% ...

5. Conforming loan - Wikipedia

   en.wikipedia.org/wiki/Conforming_loan

   Other guidelines include borrower's loan-to-value ratio (i.e. the size of down payment), debt-to-income ratio, credit score and history, documentation requirements, etc. [3] In general, any loan that does not meet guidelines is a non-conforming loan.

6. Government policies and the subprime mortgage crisis

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

   The GSEs had a pioneering role in expanding the use of subprime loans: In 1999, Franklin Raines first put Fannie Mae into subprimes, following up on earlier Fannie Mae efforts in the 1990s, which reduced mortgage down payment requirements. At this time, subprimes represented a tiny fraction of the overall mortgage market. [69]

7. Loan modification in the United States - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_in_the...

   Fannie Mae's foreclosure prevention efforts have generally been made available to a borrower only after a delinquency occurs. Under Fannie Mae's new guidance, loan servicers can use foreclosure prevention tools to assist distressed borrowers when a borrower demonstrates the need. As noted above, these guidelines apply to borrowers who are still ...