"We're very pleased to join our strong partner Greystone in this transaction, which highlights Freddie Mac
's growing small balance portfolio business," said Stephen Johnson, vice president, Small Balance Loan Business at Freddie Mac
Depending upon how high interest rates rise in 2017, Freddie Mac
expects the nationally aggregated cap rate to range from 5.8 percent to 6 percent.
resolved representation and warranty claims with Fannie Mae and Freddie Mac
related to single-family mortgage purchases by the two companies.
The insurer said it would contribute $100 million to the mortgage insurance unit to make the payment to Freddie Mac
once the deal becomes effective.
"His primary contact inside the organization was Mitchell Delk, Freddie Mac
's chief lobbyist, and he was paid a self-renewing, monthly retainer of $25,000 to $30,000 between May 1999 until 2002, according to three people familiar with aspects of the business agreement." Gingrich announced November 16 while on the campaign trail that he had offered "strategic advice" to the mortgage giant, without elucidating further what that meant.
Since the launch of the Freddie Mac
's multifamily business in 1993, May noted that Freddie Mac
has provided financing for approximately 55,500 multifamily properties totaling almost $200 billion.
Both Fannie Mae and Freddie Mac
have been private enterprises since then, up until September 7, 2008.
The extra $200 billion would allow Fannie Mae and Freddie Mac
to purchase both existing mortgage-backed securities and new home loans originated by banks.
Frank, who has one of the sharpest minds in Congress, also has predicted that Congress will pass a bill in 2007 to tighten regulation of Fannie Mae and Freddie Mac
. That may be his intention, but the political reality is that the Democratic Party has many higher priorities to pursue after twelve years out of power.
During the years in question (1985-1990), approximately 99% of the mortgage originators paying the commitment fee consummated a sale transaction by delivering a mortgage loan to Freddie Mac
. Only approximately 1% failed to deliver a mortgage loan and forfeited the fee's refundable portion.
WITH THE SECONDARY MORTGAGE market expected to net Freddie Mac
$1.5 trillion in mortgages this year--the highest amount ever--and several new programs launched, it comes as no surprise that Freddie Mac
CEO Leland Brendsel has been named Housing Person of the Year by the National Housing Conference (NHC).