The mortgage giant Fannie Mae (OTC:FNMA) recently announced details of a new pilot program that has been designed with a view to simplifying and standardizing the process of making an offer for and purchasing homes owned by Fannie Mae, for all buyers. This new online system is known as HomePath Online, and allows real estate [...]
The mortgage giant Fannie Mae (OTC:FNMA) recently announced that it had renamed of one of its key divisions, the Housing and Community Development (HCD) division, which will henceforth be known as the Multifamily Mortgage Business (MMB) or simply as the Multifamily division. This change is understood to have been made as a part of an [...]
The Speaker of the United States House of Representatives, Nancy Pelosi, recently issued a statement regarding the extension of single family loan limits applicable to the Federal Housing Administration (FHA), Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC), which was recently passed by Congress and signed by President Obama. The extension, which is valid up until [...]
Fannie Mae (OTC:FNMA) and the U.S. Army jointly announced the launch of a new initiative recently, which aims to assist service personnel who are struggling with mortgage payments and facing foreclosure. This new initiative also included a special mortgage payment forbearance, where service families which are financially affected by the death or injury of a [...]
Fannie Mae recently announced that nearly 35,000 of the foreclosure properties it owned across the country had been purchased through its First Look program, which was developed and implemented in order to promote owner occupancy. Through this First Look program, owner occupants and public entities are afforded an advantage in submitting offers on Fannie Mae-owned [...]
After having received almost $150 billion in bailout money from the Obama administration, Fannie Mae and Freddie Mac still continue to post losses, with the combined losses of these two mortgage giants in the last quarter being somewhere in the region of $9 billion. However, a decision with regard to the future of these two [...]
A first mortgage loan has been obtained by Brookdale Senior Living Inc., says the company in a recent announcement. The first mortgage loan is for the amount of $117 million, and it is from Berkadia Commerical Mortgage and Fannie Mae. Set at a fixed interest rate of 5.98%, the mortgage debt has a 10 year [...]
