Two years later, Fannie Mae was authorized to buy conventional mortgages in addition to FHA and VA loans.17The agency began issuingmortgage-backed securities(MBS) in the 1980s to offer more liquidity in the mortgage investment market.7The money to buy mortgage-related assets came from issuing d...
Freddie Mac trying to minimize exposure from failed lender, regional bank; Mortgage giant files claim with $1 billion in assets at riskZachary A Goldfarb
The table below provides a simplified balance sheet for Freddie Mac. Most of the nearly $800 billion in assets held by Freddie as of the end of 2007 consisted of mortgage loans or securities based on mortgages. The company acquired the resources to buy these assets primarily by borrowing, wit...
As noted, conforming home loans adhere tounderwritingstandards set by Fannie Mae and Freddie Mac. This includes credit and income requirements, such as a minimum 620 FICO score and full doc underwriting, which considers income, assets, and employment history. A maximumDTI ratioof 43% is permitted...
Recent studies have identified several underwriting guidelines as particular barriers to Hispanic homeownership: establishing a credit history; verifying income; documenting employment history; verifying assets; and meeting requirements ... K Burnett,A Cortes,CE Herbert 被引量: 5发表: 2006年 ...