FNMA


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Synonyms for FNMA

a federally chartered corporation that purchases mortgages

References in periodicals archive ?
GNMA and FNMA guarantee timely (within the month) payment of principal and interest, regardless of payments by the borrower.
Mortgage securities, such as participation certificates and CMOs issued by FNMA or FHLMC, are risk weighted at 20 percent because they are government-sponsored agencies that carry only the implied backing of the United States.
As an exception to the general rule, under the separate Call Report instruction for "participation in pools of residential mortgages," banks engaging in the disposal of residential mortgage loan pools under the programs of GNMA, FNMA, and FHLMC are able to treat such transactions as sales of the underlying mortgages without regard to the amount of risk retained by the seller.
The certificates are limited obligations of the issuer secured by the revenues and assets pledged under the indenture that primarily consist of Ginnie Mae (GNMA) and a small amount of Fannie Mae (FNMA) mortgage backed securities (MBS).
Trillium represented the seller through Wes Lewis Broker, as well as arranged the financing through the FNMA small balance lending program.
NAMC would then sell those loans on the secondary mortgage market to the Federal National Mortgage Association (FNMA) and other similar mortgage buyers.
Fannie Mae (OTC Bulletin Board: FNMA) said it has reported results for the fourth quarter and full year 2014.
Fannie Mae (OBB: FNMA), the largest backer of loans in the US housing market, has said that it has named Timothy Mayopoulos as its new chief executive officer, with effect from June 18.
The session featured mortgage veteran Karl Panthen of Wells Fargo, who noted that Riverview Club is approved by both the Federal Housing Administration (FHA) and Federal National Mortgage Association (FNMA), which affords buyers good rates and low down payments.
$284,800, 16 Blossom St, Polack, Michael W, and Citimortgage Inc, to FNMA.
According to Reuters, US Treasury Secretary Timothy Geithner has called on Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) to write down loans for people who owe more than what their home is worth.
Tickers featured: AEC, AIV, AVB, BBY, BRE, DDR, FMCC.OB, FNMA.OB, FRT, KIM, KSS, ROST, SPG, SUI.
Moreover, we note that the difference in average loan size is generally larger in the lower coupons, and particularly large in FNMA pools ranging from $11,000 to $39,000.
in Federal National Mortgage Association(2) (FNMA), however, the taxpayer prevailed in its assertion that gains and losses from hedging transactions are ordinary as long as the underlying assets being hedged are not capital assets.