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Related to FREDDIE MAC: Fannie Mae
FREDDIE MACFederal Home Loan Mortgage Corporation
References in periodicals archive ?
In computing the FMV of its favorable financing intangible, Freddie Mac did not take into account any offset for "unfavorable debt" (i.
What is happening here is that Fannie Mae and Freddie Mac enjoy perhaps the most powerful lobbying muscle in Washington.
One objective in the charters of Fannie Mae and Freddie Mac is to promote the availability of mortgage credit to low- and moderate-income families.
This announcement is not an offer to sell any securities of Freddie Mac or any other issuer.
In 2013, Greystone ranked #1 in combined multifamily and healthcare FHA lending; #1 in Fannie Mae Small Loans and #3 in Affordable Housing volume as a Fannie Mae DUS(R) lender; and as a top-5 Freddie Mac lender for seniors housing.
Under the terms of the agreement, PNC Bank will pay Freddie Mac a total of USD89m (less credits of USD8m) to resolve certain existing and future repurchase obligations related to approximately 900,000 loans originated and sold to Freddie Mac primarily between 2000 and 2008, and to compensate Freddie Mac for certain past losses and potential future losses relating to denials, rescissions and cancellations of mortgage insurance.
The transaction featured a 10-year fixed-rate mortgage (FRM) plus one-year floating rate, with seven years of partial interest only benefiting from the Freddie Mac Fixed-to-Float option and the Freddie Mac Standard Delivery Option, according to David Carliner, executive vice president for The Shelter Group.
Fannie Mae and Freddie Mac are publicly chartered private entities; Ginnie Mae is a government agency.
Bank of America (NYSE: BAC) has said that it has entered into an agreement with the Federal Home Loan Mortgage Corporation (Freddie Mac) to resolve all remaining representations and warranties claims for residential mortgage loans sold to Freddie Mac until the end of 2009.
Delegated Underwriting allows approved lenders to fully underwrite multifamily loans for Freddie Mac in accordance with its Delegated Underwriting Guide, said Kimball Griffith, Freddie Mac vice president of affordable sales and investments.