Fannie Mae: Consumers think it’s easier than ever to get a mortgage

By August 2008, Fannie Mae’s mortgage portfolio was in excess of $700 billion. Fannie Mae also earns a significant portion of its income from guaranty fees it receives as compensation for assuming the credit risk on mortgage loans underlying its single-family Fannie Mae MBS and on the single-family mortgage loans held in its retained portfolio.

Lower credit scores disappear from housing market: Fed governor Low down payments have come back into favor as lending has eased and interest rates have fallen, particularly among homebuyers with good credit. Borrowers with low credit scores have virtually disappeared from the market for conventional loans, while those with moderate credit have made a comeback in recent years.

First Time Home Buyer Mortgage Programs 2019! Best Home Loans for First Time Buyers Why The Government Is Making It Easier To Get A Mortgage After Bankruptcy. Until recently, Fannie Mae had a waiting period of 4 years between the time a Chapter 7 or 11 bankruptcy case finished and when you could qualify for a mortgage. Chapter 13 cases had a waiting period of 2 years after discharge, or 4 years if the case was thrown out of court.

It’s an obscure government regulator whose major business is overseeing Fannie Mae and Freddie Mac, the mortgage giants that. and Freddie are more important than ever before. The Dodd-Frank Wall.

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However, although the share of respondents who think it would be easy to get a mortgage today increased to 52 percent, tying the all-time survey high, the share who say their household income is.

Exactly four years ago, during the early days of the financial crisis, the federal government took control of mortgage financiers Fannie Mae and Freddie Mac through a. housing costs and better plan.

Timothy Mayopoulos: So here at Fannie Mae, we’re in the mortgage business; but we don’t make mortgages to consumers. but if you think about the dollars in and the dollars out, the taxpayers are in.

Fannie Mae and Freddie Mac. It was the best of both worlds – until the housing market melted down in 2008. The government’s bailout of Fannie and Freddie cost 7.5 billion. fannie and Freddie have more recently become hugely profitable, and the housing market is more dependent on them than ever.

Lengthy foreclosure timelines carry hidden costs for homebuyers Hillary Clinton says she’d let big banks fail "Hillary Clinton told Stephen Colbert on Tuesday that, as president, she would let the big banks fail if they were to get into trouble. "That’s a departure from what her former boss, President Barack Obama, did in 2009.