Figure 6a shows the ratio of total mortgages outstanding to GDP over the past century, while Figure 6b shows the growing importance of financial institutions like FHLMC
and FNMA in financing homeownership over the past three decades.
('Harmon Law') represents FHLMC
in the acquisition of titles pursuant to the filing of a foreclosure order and subsequent sales of properties in Massachusetts.
If a consumer meets the FNMA or FHLMC
guidelines, the process is basically unchanged.
Soon after, the Federal Home Loan Mortgage Corporation (FHLMC
) and the Federal National Mortgage Association (FNMA) began issuing pass-through securities of their own.
This was partially offset by a decline in the yield on securities available-for-sale during the quarter as a result of an accelerated purchase of seriously delinquent loans by FNMA and FHLMC
, requiring an acceleration of amortization of the premium on those agency securities.
to do [GSE overhaul] right, we wanted to go through a process of more careful consideration." The Treasury hasn't completed its analysis of the GSEs, let alone submitted a plan 18 months after conservatorship of FNMA and FHLMC
(1) These are the popular nicknames given to the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC
A large part of agency securities consists of MBS issued by GSEs such as the Government Mortgage Association (Ginnie Mae, GNMA), the Federal National Mortgage Association (Fannie Mae, FNMA), or the Federal Home Loan Mortgage Corporation (Freddie Mac, FHLMC
Any mortgage purchased by the plan must qualify as a "recognized mortgage loan": a loan with respect to a residential unit which, at origination, was eligible for purchase by FNMA, GNMA, the FHLMC
, or any FHA-insured GNMA project mortgage loan, or a participation interest in such a loan.
* Federal Home Loan Mortgage Corporation (FHLMC
) Conventional Mortgage Home Price Index (CMHPI)
Section B(7): Recordation E&O covers errors and omissions arising out of the insured's recordation of a loan as a servicer of a loan sold to GNMA/ Federal National Mortgage Association (FNMA)/ Federal Home Loan Mortgage Corporation (FHLMC
Then, we took the Federal Home Loan Mortgage Corporation (FHLMC
), prime, 1-year adjustable interest rate series, and subtracted it from the initial interest rates for mortgages with initial fixed-rate terms less than three years.