The Case for Letting Mortgages Move With Us [The New York Times]
Federal National Mortgage Association (FNMA)
NASDAQ:AMEX Investor Relations:
fanniemae.com/portal/about-fm/investor-relations/index.html
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Source: The New York Times
What if you could move to a new home but keep the mortgage that you took out on the old one, with the same balance, interest rate and time remaining? You would probably be more willing to move. That would benefit both sellers and buyers. At the moment, the market for existing homes ispartly frozenMaking mortgages portable sounds unrealistic. After all, mortgages are tied by contract to particular pieces of property. When I raised the idea with the Federal Housing Finance Agency, which oversees the big mortgage securitizers Fannie Mae and Freddie Mac, I got a one-sentence email back saying that the idea “is not under active consideration.”The Mortgage Bankers Association also dismissed the idea. “We’re getting this question a lot, even from our own members,” Mike Fratantoni, the group’s chief economist, told me. Nevertheless, he said he couldn’t imagine that owners of securitized loans would go along with the idea. “I think the prospects are pretty dim.”Actually, though, there’s a rema
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News
- Atlanta Housing President and Chief Executive Officer Terri M. Lee Announces First Major Leadership Change [Yahoo! Finance]Yahoo! Finance
- UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase initiative [Yahoo! Finance]Yahoo! Finance
- Housing boom in most of the US could ease shortage, but cost is still a problem [Yahoo! Finance]Yahoo! Finance
- CrossCountry Mortgage Offers Exclusive and Complimentary Line of Duty Death Benefit to First Responders and Their Families [Yahoo! Finance]Yahoo! Finance
- Fannie Mae Announces the Results of its Thirty-first Reperforming Loan Sale TransactionPR Newswire
FNMA
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FNMA
Sec Filings
- 5/14/24 - Form 3
- 5/14/24 - Form 8-K
- 5/13/24 - Form ABS-15G/A
- FNMA's page on the SEC website