Archives

Washington, DC - August 28, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac are issuing new, clear guidelines to their mortgage servicers that will align and consolidate existing short sales programs into one standard short sale program.

WASHINGTON, DC - August 23, 2012 - (RealEstateRama) -- The National Association of Realtors® applauds the Federal Housing Finance Agency for working with Fannie Mae and Freddie Mac to issue new guidelines that expand eligibility criteria and streamline the short sale process.

WASHINGTON, D.C. - April 3, 2012 - (RealEstateRama) -- The opinion poll, conducted by Housing Predictor found that 72% of respondents want the firms, which act as a back-stop for the nation’s mortgage market to stop purchasing home loans from banks and mortgage lenders. Only 28% said they should keep buying home loans.

Washington, DC - March 19, 2012 - (RealEstateRama) -- Fannie Mae and Freddie Mac completed more than 2.1 million foreclosure prevention actions since the start of conservatorship including 1.1 million permanent loan modifications. These actions, designed to help borrowers stay in their homes, are detailed in the Federal Housing Finance Agency’s fourth quarter 2011 Foreclosure Prevention and Refinance Report. The report also shows that after nine months, fewer than 20 percent of Enterprise loans modified in the four quarters ended March 31, 2011, had missed two or more payments, an improvement over prior years.

WASHINGTON, D.C. - December 7, 2011 - (RealEstateRama) -- Today, we will address what Fannie Mae is doing to help make realism the bedrock of a sustainable housing industry. As we settle into a new year, the housing market is still facing strong headwinds. The economic recovery has been slow…unemployment has dropped but remains high…and many families are struggling to make their mortgage payments. But the good news is, there’s a 100 percent chance that Fannie Mae is going to survive all this and keep providing us mortgage loans for many decades to come.

WASHINGTON, DC - July 27, 2011 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) today announced that in the first half of 2011, the company issued $10.3 billion in MBS backed by new multifamily acquisitions delivered by our lenders, and sold $5.3 billion in MBS pools and GeMSTM structured transactions, enhancing tradable float and supporting liquidity in the multifamily MBS market.

Washington, D.C. - June 13, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released its third Report to Congress, detailing the findings of the agency’s 2010 annual examinations of Fannie Mae, Freddie Mac, the 12 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ Office of Finance.

Washington, DC - June 6, 2011 - (RealEstateRama) -- Fannie Mae and Freddie Mac have completed more than 1.6 million foreclosure prevention actions since the beginning of conservatorship in the fourth quarter of 2008, with more than half of these actions resulting in loan modifications. According to the FHFA’s First Quarter 2011 Foreclosure Prevention & Refinance Report, loan modifications declined for the third consecutive quarter but resulted in deeper payment reductions for more people.

WASHINGTON, DC - May 11, 2011 - (RealEstateRama) -- Fannie Mae's latest national housing survey finds that Americans expressed more cautious optimism during the first quarter of 2011 than in the fourth quarter of 2010, but they continue to lack confidence in the overall strength of the housing market and economic recovery. The First-Quarter 2011 Fannie Mae National Housing Survey polled homeowners and renters between January 2011 and March 2011. Findings were compared to similar surveys conducted throughout 2010 and December 2003.

WASHINGTON, DC - May 4, 2011 - (RealEstateRama) -- Fannie Mae today announced the opening of the Philadelphia Mortgage Help Center to provide free education and counseling services to struggling Philadelphia area homeowners. The Philadelphia, the latest of nine Mortgage Help Centers to open across the country, is part of Fannie Mae's nationwide initiative to educate families about the options and tools available to help them stay in their homes.

WASHINGTON, DC - May 4, 2011 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) today announced its top multifamily loan originators for 2010. Through Fannie Mae's Delegated Underwriting and Servicing (DUS TM) program, these top ten lender partners produced the highest multifamily loan volumes by contributing at least $870 million each.

St. Paul, MN / Washington DC - April 28, 2011 - (RealEstateRama) -- Fannie Mae and the Minnesota Home Ownership Center today announced a partnership to accelerate the response time for struggling Minnesota families with loans that are owned by Fannie Mae.

WASHINGTON, DC - April 4, 2011 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) today launched "Las Opciones de los Casas," a teleseries for the Spanish-speaking community designed to educate homeowners about their options to avoid foreclosure, empower them to make informed decisions and motivate them to take action and seek help. Through a partnership with Univision, the teleseries debuted as a television broadcast in Miami on March 28, coinciding with the one-year anniversary of Fannie Mae's South Florida Mortgage Help Center. Las Opciones de Los Casas, part of the Company's "Know Your Options™" initiative to help struggling homeowners, is now available on www.conozcasusopciones.com.

Washington, DC - April 1, 2011 - (RealEstateRama) -- The National Association of REALTORS® today urged Congress to move cautiously when reforming government-sponsored enterprises Fannie Mae and Freddie Mac.

MIAMI, FL - March 24, 2011 - (RealEstateRama) -- Today Fannie Mae and Neighborhood Housing Services of South Florida (NHSSF) celebrated the one-year anniversary of Fannie Mae's South Florida Mortgage Help Center. Since opening its doors in March 2010, the South Florida Mortgage Help Center has reached out to more than 5,000 South Floridians and worked with more than 1,000 struggling families with loans owned by Fannie Mae. The South Florida Mortgage Help Center was the first of six Help Centers Fannie Mae opened in hard-hit cities across the country. Additional Help Centers are expected to open this year.

WASHINGTON, DC - March 22, 2011 - (RealEstateRama) -- The economy continues to show increasing signs of self-sustaining momentum, however an unexpected jump in oil prices and the potential for further tightening of fiscal policy suggest less economic momentum than previously believed, according to the March 2011 Economic Outlook released today by Fannie Mae's (FNMA/OTC) Economics & Mortgage Market Analysis Group. Projected economic growth for the year was lowered to 3.5 percent — down slightly from 3.7 percent in February 2011, but up from 2.7 percent annual growth in 2010.

WASHINGTON, D.C. - March 17, 2011 - (RealEstateRama) -- Today, Fannie Mae announced the results of its annual Help the Homeless Program, which raised $6.5 million in 2010 for non-profit beneficiary organizations that work to prevent and end homelessness in the Washington, D.C. metropolitan area.

WASHINGTON, DC - March 4, 2011 - (RealEstateRama) -- In conjunction with National Consumer Protection Week (NCPW), March 6-12, NeighborWorks America, The Lawyers Committee for Civil Rights Under Law, HOPE Now, Fannie Mae, Freddie Mac and a coalition of national government agencies, nonprofit organizations and financial institutions are empowering homeowners to combat loan modification scams.

WASHINGTON, D.C. - March 3, 2011 - (RealEstateRama) -- During the fourth quarter of 2010, commercial and multifamily mortgage delinquency rates remained low for life insurance companies, Fannie Mae and Freddie Mac; fell for banks and thrifts for the first time since the 2006 and rose slightly for loans held in commercial mortgage backed securities (CMBS), according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

Washington, DC - March 3, 2011 - (RealEstateRama) -- The total number of Fannie Mae and Freddie Mac completed foreclosure prevention actions in 2010 more than doubled from one year earlier, according to the FHFA’s Fourth Quarter 2010 Foreclosure Prevention & Refinance Report. Although loan modifications declined for the second consecutive quarter, refinancings through the Home