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Fannie Mae

A collection of news and information related to Fannie Mae published by this site and its partners.

Top Fannie Mae Articles see all

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  • Mortgage fraud is alive and well

    If you thought the bad guys had left the mortgage business for greener pastures, think again. The thieves are still out there, ready to separate you from your money. But at the same time, many of us are still not above stretching the truth a little when we are trying to obtain financing.
  • Government opposes BofA bid to throw out 'Hustle' verdict

    The U.S. government is opposing Bank of America's request that a federal judge throw out a jury verdict that found it liable for fraud over mortgages sold to mortgage giants Fannie Mae and Freddie Mac. The government's opposition comes after the...

    U.S.: BofA bid to void $1.27 billion fraud verdict defies common sense

    NEW YORK (Reuters) - The U.S. government said Bank of America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before the financial crisis, which led to a $1.27 billion penalty,...

    Phil DeFronzo: 'You Have To Bloom Where You Are Planted'

    Phil DeFronzo: 'You Have To Bloom Where You Are Planted'
    In December 1989, Phil DeFronzo organized Norcom Mortgage with his mother in a one-room office in Avon. At 27, DeFronzo quit his job and created the firm with $3,000 as startup capital. Connecticut was heading into one of the worst housing recessions...

    Fannie Mae was good idea — in the 1930s, and now

    In 1938, with the country in its ninth year of the Great Depression, the federal government created Fannie Mae to purchase FHA-insured mortgages. At first glance, this may seem counterintuitive. If no one wants to buy mortgages — even when the...