Fannie Mae DUS Multifamily Loan Program: The DUS platform is Fannie Mae’s standard multifamily loan program for loan size above $3 million – no maximum loan size. More individual and institutional investors turn to the Fannie Mae DUS platform to finance the multifamily class of assets than any other source.
· Democratic Massachusetts Sen. Elizabeth Warren wants to make sure top executives at mortgage giants Fannie Mae and Freddie Mac are not being paid more than a congressionally-mandated salary cap.
Lower mortgage rates help Hovnanian reduce its net loss One Nomura trader convicted, one cleared at bond fraud trial And the judge who will sentence the disgraced corporate chieftains has made clear. was convicted of six counts of conspiracy, securities fraud and wire fraud. In a separate case tried before Lake.Foundation with ties to barney frank backs hope loanport expansion Foundation with ties to Barney Frank backs Hope LoanPort expansion Please Note: The following list of books is not organized according to any personal hierarchy of the relative value of each individual book.Rather it is a list that seriously considers ALL of the books listed here to be of equal intellectual and cultural value and interest.One the leading U.S. homebuilders has called for the government to temporarily cut mortgage rates to make homeownership more affordable and stimulate sales.. Ara Hovnanian, CEO of K. Hovnanian Homes, suggested to Bloomberg TV that interest rates should be temporarily slashed to three percent on 30-year fixed-rate mortgages in 2009.Mortgage rates jump to a six-week high Valuation is reasonable and points to high single-digit expected returns. A healthy economy with a stable and strongly upward sloping yield curve is the perfect environment for mortgage REITs. The.
KEY RATING DRIVERS PORTFOLIO LARGELY GUARANTEED OR PARTIALLY INSURED: As of Dec. 31, 2013, approximately 95% of the multi-family portfolio is largely guaranteed by the following entities: Ginnie Mae,
The company also led the market last year with $54.9 billion worth of new issue mortgage-backed securities that attracted more investors purchasing DUS MBS than ever before and provided additional liquidity to the market with more than $10 billion in Guaranteed Multifamily Structures (Fannie Mae GeMS).
Rising rates stifle mortgage application volume Total mortgage application volume increased 2.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. volume was 8% higher compared with the same week one year ago. purchase applications drove the gains, rising 4% for the week and 5% annually.MGIC beats expectations, but new insurance written underwhelms MGIC beats expectations, but new insurance written underwhelms MGIC Investment’s fourth-quarter 2016 earnings beat our expectations and also improved year over year, primarily on the back of higher revenues, improved new insurance written and much lower expenses.. Bill Dobbins is a.
"That figure increased to more than 23% in 2008 and then ramped up to more than 76% in 2009." The largest jump is in financing of multifamily housing. Fannie Mae alone is clocking huge numbers in.
30, 2013, approximately 96% of the multi-family portfolio is largely guaranteed by the following entities: Ginnie Mae, Fannie Mae and Freddie Mac. by HUD totaling approximately $31.0 Million. More.
Fannie Mae, Washington, D.C., and Freddie Mac, McLean, Va., finished 2016 with more than $112 billion in combined multifamily volume. freddie mac financed $56.8 billion in loan purchases and bond guarantees in 2016, its highest figure ever. Fannie Mae provided $55.3 billion in multifamily financing, also a record for the GSE.
Prepared Remarks of Melvin L. Watt at the Brookings Institution Forum on the Future of Fannie Mae and Freddie Mac 2014 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions The 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac FHFA Seeks Public Input on Reducing Fannie Mae and Freddie Mac Multifamily.
Servicers preparing for a new surge in their FHA loan portfolios Finally, Treasury introduced a program to allow the hardest-hit states to tailor housing assistance to their areas, and worked with FHA to introduce an option for homeowners with high negative equity to refinance into a new FHA loan if their lender agrees to reduce principal on the original loan by at least ten percent.
Fannie Mae is the leading provider of financing for multifamily properties. We work with a national network of DUS lenders to finance apartment buildings and cooperatives. Visit often for industry news, expert insight, and resources that make it easier to do business with us.