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Such a transaction is known as an "arm's-length transaction". It is used specifically in contract law to arrange an agreement that will stand up to legal scrutiny, even though the parties may have shared interests (e.g., employer-employee) or are too closely related to be seen as completely independent (e.g., the parties have familial ties).
Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property.
Arm's length transaction; Arrears; Article 4 of the United States Constitution; ... (FNMA or Fannie Mae) Federal Real Estate Board; Federal Reserve System; Fee simple;
Each year, Fannie Mae and Freddie Mac set a baseline conforming loan limit, adjusting it for high-cost areas. For 2025, the baseline limit is rising from $766,550 to $806,500.
Fannie Mae quietly scrapped a program that could have saved Americans thousands of dollars in insurance costs, reports say — here's what you need to know Bethan Moorcraft November 28, 2023 at 6: ...
Why is it called Fannie Mae? The nickname for Fannie Mae draws from the agency’s full name: the Federal National Mortgage Association. It’s a kind of verbalization of the acronym, FNMA.
A view of Fannie Mae's Reston Town Center office building, 2000 Opportunity Way. Historically, most housing loans in the early 1900s in the United States were short term mortgage loans with balloon payments. [7]
Fannie Mae and Freddie Mac then either keep them or, more often, repackage them as mortgage-backed securities that can be sold to investors. By acting as a market-maker — that is, constant buyer ...