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Homepath.com is Fannie Mae’s real estate marketing website. It can be used by prospective homebuyers and real estate agents to search for Fannie Mae-owned properties that are available to be ...
[T]here was no federal act driving banks to lend money for office parks and shopping malls; Fannie and Freddie weren’t in the CRE [commercial real estate] loan business; yet 55 percent — 55 percent! — of commercial mortgages that will come due before 2014 are underwater.
November: Fannie Mae announced that the Department of Housing and Urban Development (“HUD”) would soon require it to dedicate 50% of its business to low- and moderate-income families" and its goal was to finance over $500 billion in Community Investment Act-related business by 2010. [34]
The initial annual goal for low-income and moderate-income mortgage purchases for each GSE was 30% of the total number of dwelling units financed by mortgage purchases [21] and increased to 55% by 2007. In 1999, Fannie Mae came under pressure from the Clinton administration to expand mortgage loans to low and moderate income borrowers by ...
2002-2006: Fannie Mae and Freddie Mac combined purchases of incorrectly rated AAA subprime mortgage-backed securities rise from $38 billion to $90 billion per year. [76] [77] [78] Lenders began to offer loans to higher-risk borrowers, [79] Subprime mortgages amounted to $600 billion (20%) by 2006. [80] [81] Speculation in residential real ...
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.