hf-implode.com - 21 days ago
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"Although a new foreclosure alternative program announced Thursday by Fannie Mae (FNM: 1.04 -7.14%) presents a new step in mitigating foreclosure risk among distressed borrowers, it looks to have only a “marginal” effect on prepayments within Fannie residential mortgage-backed securities (RMBS), ...
Fannie Program Sees 70% Recidivism
hf-implode.com 5/22/2009 — "A program aimed at helping delinquent borrowers become current once more on their mortgages will likely see decreased volumes at mortgage giant Fannie Mae (FNM: 0.78 0.00%) after the Federal Housing Finance Agency (FHFA) noted a significant majority of participants soon redefaulted after ...
Fannie Mae: $18.9 Billion Loss, Requests Another $15 Billion
calculatedriskblog.com 23 days ago — Press Release: Fannie Mae Reports Third-Quarter 2009 Results Fannie Mae (FNM/NYSE) reported a net loss of $18.9 billion in the third quarter of 2009 , compared with a loss of $14.8 billion in the second quarter of 2009. ... Third-quarter results were ...
Fannie Mae to Rent out Homes Instead Foreclosing
abcnews.go.com 24 days ago — Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday. The government-controlled company, through its new "Deed for Lease" program, will allow borrowers ...
Fannie, Freddie plan to aid mortgage banks: report
(Reuters)
news.yahoo.com 10/7/2009 — Reuters - U.S. government-controlled mortgage finance companies Freddie Mac and Fannie Mae are working on a program to help independent mortgage banks get access to short-term credit needed to make home loans, the Wall Street Journal said, citing ...
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