"On January 5, 2011, Urban renewed her request that FHLMC
purchase the owner's title insurance policy for her.
The mortgage market continued to evolve with the issuance of the first private-label mortgage pass-through security by Bank of America in 1977 and the first collateralized mortgage obligation (CMO) by FHLMC
government securities, as defined under Section 3(a)(42)(C) of the Exchange Act (issued or guaranteed by FHLMC
, FNMA, SLMA, and/or the Financing Corporation);
CMHPI and the First American CoreLogic HPI employ a similar repeat sales technique applied to their specific sales data set.
Section F: Custodial errors and omissions covers errors and omissions losses incurred due to the verification, certification, maintenance and custody of documents concerning loans sold to GNMA, FNMA or FHLMC
The interpretation is that 7.85 percent of mortgages from a subprime lender on the HUD list are considered to be prime by our definition, using the spread between the contract rate and the appropriate FHLMC
(5) The Federal Home Loan Mortgage Corporation (FHLMC
), another GSE commonly known as Freddie Mac, was created in 1970 to expand the secondary market for mortgages in the United States.
(1.) Conventional mortgages that are not eligible for sale to either the FNMA, GNMA, or FHLMC
. Nonconforming loans (which are generally more expensive) are an alternative to the highly selective and restrictive conforming loans acceptable to Freddie Mac and Fannie Mae.
Residential asset-backed securities began to emerge as a market when many mortgage loans made by lenders exceeded Federal National Mortgage Association (FNMA or Fannie Mae) or Federal Home Loan Mortgage Corporation (FHLMC
or Freddie Mac) underwriting guidelines.
Many REMICs invest in mortgages guaranteed by the Government National Mortgage Association (GNMA), the Federal National Mortgage Association (FNMA), or the Federal Home Loan Mortgage Corporation (FHLMC
The GNMA pass-through holdings for these companies grew 25%; the FNMA and FHLMC
holdings by 38%; and, the 'all others' category, by 248%.