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Fannie Mae

A collection of news and information related to Fannie Mae published by this site and its partners.

Top Fannie Mae Articles

Displaying items 85-96
  • HARP refi available for rental property, under certain conditions

    By Ilyce Glink and Samuel J. Tamkin Q: Is a HARP 2.0 loan available for a condominium that is currently rented? The condominium was my personal residence over three years ago, but I've been renting it since then. The condominium's fair market value is...
  • Fannie Mae, Freddie Mac to pay U.S. $10.2 billion more in dividends

    Fannie Mae, Freddie Mac to pay U.S. $10.2 billion more in dividends
    Mortgage finance giants Fannie Mae and Freddie Mac will pay the federal government $10.2 billion more in dividends for their 2008 rescue after both firms reported first-quarter profits Thursday. With the payments, the companies will have sent $213.1...
  • Kevin Hunt: Can I Buy A House With 5 Percent Down? With Sub-700 Credit Score?

    Kevin Hunt: Can I Buy A House With 5 Percent Down? With Sub-700 Credit Score?
    With the Arctic chill of the polar vortex back where it belongs and mortgage rates still near historic lows, the spring home-buying season has finally arrived. True or false: >> In the post-financial crisis, I can't get a mortgage with a credit...
  • Lenders' credit score requirements may be stricter than needed

     Are lenders' credit score requirements for home buyers this spring too high — out of sync with the actual risks of default presented by today's borrowers? The experts say yes. What experts? The developers of the credit scores used by virtually...
  • Fannie Mae, Freddie Mac won't reduce loan limits, regulator says

    Fannie Mae, Freddie Mac won't reduce loan limits, regulator says
    The regulator for Fannie Mae and Freddie Mac said Tuesday he would not force the mortgage finance giants to reduce the limits on loans they guarantee, because of concern about the slowing housing market. Mel Watt, who took over as director of the...
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  • Condos are becoming FHA no-lending zones

    Condos are becoming FHA no-lending zones
    For young first-time buyers, people with modest down-payment cash or seniors who want to tap their equity using a reverse mortgage, it's a growing problem: They cannot use Federal Housing Administration financing in condominiums. It's not that these...
  • Rejected for HARP refi? Try again

    By Ilyce Glink and Samuel J. Tamkin Q: I've been trying to refinance my Georgia home for at least a year. I have a 7 percent conventional mortgage with a big, locally based bank. I've been told that my loan is a Fannie Mae loan, but I don't qualify...
  • BofA to pay $9.5 billion to settle Fannie Mae, Freddie Mac claims

    BofA to pay $9.5 billion to settle Fannie Mae, Freddie Mac claims
    Putting to rest one of its biggest remaining headaches, Bank of America Corp. has agreed to pay $9.5 billion to settle claims by Fannie Mae and Freddie Mac. The government-sponsored mortgage finance giants had demanded compensation from the Charlotte,...
  • Key senators agree on plan to replace Fannie Mae, Freddie Mac

    Key senators agree on plan to replace Fannie Mae, Freddie Mac
    WASHINGTON -- Congressional efforts to shut down bailed-out Fannie Mae and Freddie Mac took a significant step forward Tuesday as key senators announced bipartisan agreement on a plan to overhaul the housing finance system. The proposal, which will be...
  • Controversial FHA payoff rule to end

    WASHINGTON — Can you be charged interest on your mortgage even after you've fully paid it off? Can the meter keep running when you owe the bank nothing — your principal balance is zero? Surprise! Much to the chagrin of large numbers of...
  • Illinois mortgage delinquencies fall 27% in 2013

    Illinois mortgage delinquencies fall 27% in 2013
    Five percent of Fannie Mae and Freddie Mac-backed single-family mortgages in Illinois, or 68,000 loans, were delinquent at the end of 2013,  a sizable decline from last year but still higher than the national average. One-third of those past-due home...