Search results
Results from the WOW.Com Content Network
Ginnie Mae is similar to Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) with the difference being that Ginnie Mae is a wholly owned government corporation whereas Fannie Mae and Freddie Mac are "government-sponsored enterprises" (GSEs), which are federally chartered corporations ...
One more noted activist investor has finally announced why he owns nearly 10% of the common stock of both Fannie Mae and Freddie Mac , the two government-sponsored entities at the heart of the ...
The settlements have brought Fannie and Freddie $18 billion in penalties. In her decision, Judge Cote wrote that Nomura, in offering documents for mortgage-backed securities sold to Fannie and Freddie, didn't accurately describe the loans' quality. "The magnitude of falsity, conservatively measured, is enormous", she wrote.
When Countrywide finances mortgage loans, they usually packaged them for sale to large investors as mortgage-backed securities. Fannie Mae or Freddie Mac can only buy loans which conform to the standards of government-sponsored enterprises. Non-conforming mortgages securities must be sold in the private, secondary market to alternative ...
Use an online mortgage lookup tool: The government-sponsored enterprises Fannie Mae and Freddie Mac, which buy most mortgages, both offer online tools where you can search for your mortgage by ...
Mortgage expert David Reed invites WalletPop readers to ask him questions about real estate financing. Leave your questions in the comment section of this post. Fannie Mae is the nickname given to ...
Non-conforming mortgage loans which cannot be sold to Fannie or Freddie are either "jumbo" or "subprime", and can also be packaged into mortgage-backed securities. Some companies, called correspondent lenders, sell all or most of their closed loans to these investors, accepting some risks for issuing them.
For premium support please call: 800-290-4726 more ways to reach us