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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

Displaying items 1-5
  • Debt-to-income ratio can sink mortgage application

    WASHINGTON — For many home buyers, qualifying for a mortgage not only is a tough challenge but one that ends unhappily: They get rejected.
  • Complaint alleges discriminatory maintenance of foreclosed homes

    Complaint alleges discriminatory maintenance of foreclosed homes
    A firm hired by Fannie Mae to maintain vacant, foreclosed properties in the Baltimore area systematically neglects homes in non-white neighborhoods, according to a discrimination complaint filed Tuesday with the U.S. Department of Housing and Urban...

    Chicago picked as second city for housing program

    Chicago picked as second city for housing program
    Chicago will be the second city for the federal government's Neighborhood Stabilization Initiative, Mel Watt, director of the Federal Housing Finance Agency, announced Tuesday. The pilot program, announced for Detroit in May, is designed to help...

    The red flags bankers see on mortgage applications

    Qualifying for a mortgage for large numbers of home purchasers not only is a tough challenge but one that ends unhappily — they get rejected. The reasons for the turndowns typically involve multiple factors: below-par credit scores, inadequate...

    Bank of America earnings tumble 43% on mortgage litigation costs

    Bank of America Corp.'s second-quarter earnings plunged 43% as the nation's second-largest bank recorded 4 billion additional reasons to regret its 2008 purchase of high-risk home lender Countrywide Financial Corp. in Calabasas. Bank of America said...