5 Articles match "Fannie Mae","September"

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No Mortgage Meltdown For These Banks
Speaking at the start of September, Hermance said his bank had some 80,000 mortgages outstanding. Fannie Mae or Freddie Mac doesn’t buy jumbos, mortgages with loan amounts above the “conventional” mortgage loan limit of $729,750 this year. Because Hudson does not sell loans to the Fannie Mae, Freddie Mac or the secondary market in general it has no need to create “conforming” mortgages. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not been good, especially
www.realtytrac.com - Tuesday, February 3, 2009
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New York Versus Freddie Mac: Round One
On one side is newly-passed state legislation which sets tough standards for subprime and “high cost” loans and on the other is Freddie Mac, which says it won’t buy such loans in the state after September 1st, the day the new law goes into effect. The biggest buyers of local mortgages are Fannie Mae and Freddie Mac. New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
www.realtytrac.com - Tuesday, February 3, 2009
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The Curious Case of Fannie Mae & Freddie Mac
The latest report shows that Fannie and Freddie owned 30.5 million mortgages at the end of September. Of those loans, 25.4 million were prime mortgages while 5.1 million were subprime financin
RealtyTrac Article Library - Monday, December 22, 2008
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  • The Curious Case of Fannie Mae & Freddie Mac
    The latest report shows that Fannie and Freddie owned 30.5 million mortgages at the end of September. Of those loans, 25.4 million were prime mortgages while 5.1 million were subprime financin
    RealtyTrac Article Library - Monday, December 22, 2008
    READ MORE
  • The Curious Case of Fannie Mae & Freddie Mac
    The latest report shows that Fannie and Freddie owned 30.5 million mortgages at the end of September. Of those loans, 25.4 million were prime mortgages while 5.1 million were subprime financin
    RealtyTrac Article Library - Monday, December 22, 2008
    READ MORE
  • Freddie and Fannie Spurn New York Subprime Loans
    Battle lines are being drawn in New York’s real estate market, pitting Freddie Mac and Fannie Mae against subprime lenders in New York. Under the new law, investors, including loan buyers like Freddie Mac and Fannie Mae, are held liable for mortgage fraud. Meanwhile, Fannie Mae — the beleaguered government-sponsored enterprise (GSE) holding billions in bad loans — reported this week that it Last week, New York Governor David A. Patterson signed into law a subprime lending reform bill (S.8143-A/A.10817-A), creating stringent lending
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • No Mortgage Meltdown For These Banks
    Speaking at the start of September, Hermance said his bank had some 80,000 mortgages outstanding. Fannie Mae or Freddie Mac doesn’t buy jumbos, mortgages with loan amounts above the “conventional” mortgage loan limit of $729,750 this year. Because Hudson does not sell loans to the Fannie Mae, Freddie Mac or the secondary market in general it has no need to create “conforming” mortgages. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not been good, especially
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • New York Versus Freddie Mac: Round One
    On one side is newly-passed state legislation which sets tough standards for subprime and “high cost” loans and on the other is Freddie Mac, which says it won’t buy such loans in the state after September 1st, the day the new law goes into effect. The biggest buyers of local mortgages are Fannie Mae and Freddie Mac. New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE