Chairman of the Capital Markets Subcommittee of the House Financial Services Committee, has already introduced legislation aimed at tightening control over both Fannie Mae
and its mortgage competitor, Freddie Mac.
In addition, Fannie Mae
has launched a number of consumer outreach efforts to help consumers overcome barriers to homeownership, often caused by a lack of information and fear of the home-buying process.
invests directly in low-income, multi-family housing that is eligible for LIHTCs, or indirectly through partnership funds that pass the LIHTC benefits through to investors, and is the largest single investor in LIHTC"s to increase the availability of affordable multi-family housing.
The quasi-governmental nature of Fannie Mae
, he says, shouldn't detract from its significance.
In a news conference with Mayor Schmoke, Johnson announced that Fannie Mae
will open in Baltimore the first of 25 "Partnership Offices" that it intends to operate throughout the country in support of the company's new initiatives.
Through a series of second and third reviews of rejected mortgage applications, coupled with high quality home buyer counseling offered by local counseling agencies and Fannie Mae
, every American who wants to get a mortgage will have their loan approved, or be put on a path that can lead to approval.
representatives attended the hearing and were startled by the magnitude as well as the absurdity of some of the problems.
also is providing credit enhancement in the form of Mortgage-Backed Securities (MBS) for $19 million of an $82 million mortgage revenue bond issued by IHFA.
The Fannie Mae
Foundation sought a collaboration solution that would be easy to use and could integrate with existing investments to foster knowledge-sharing across the organization.
TAKES ACTION ON SECURITIES FIRMS' VIOLATIONS;
NEW YORK -- Fitch Ratings has downgraded the preferred stock rating for Fannie Mae
to 'A+' from 'AA-'.
Funds to Provide Capital for Short-Term, Low-Interest Loans to Finance Affordable Workforce and Transitional Housing