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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
  • 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 government is insuring them — why should politicians force taxpayers to do it?
  • 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...

    Freddie Mac: 30-year mortgage rate jumps to 4.23% from 4.12% last week

    Freddie Mac: 30-year mortgage rate jumps to 4.23% from 4.12% last week
    Mortgage rates rose this week at the fastest pace of the year, with Freddie Mac's survey showing lenders were offering 30-year fixed-rate loans at an average of 4.23%, up from 4.12% last week.  It was the highest rate that the weekly survey has recorded...

    Wells Fargo finds mortgage myths hamper home purchases

    NEW YORK (Reuters) - Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo & Co , the largest U.S. mortgage lender. Nearly two-thirds of respondents thought that a very...

    FHA is urged to reform loan sale program

    A program designed to help prop up the Federal Housing Administration is short-changing borrowers and neighborhoods hard-hit by foreclosures, community groups said as they took to the streets to push for changes. Demonstrators in downtown Los Angeles...