Fannie Mae lowers bar on borrower debt loads

Fannie Mae lowers bar on borrower debt loads

Fannie Mae, the largest financier of home mortgages, garnered much attention this spring when it announced it would loosen its credit standards beginning on July 29. The biggest change involves a move to accept loans from borrowers with a debt load of up to 50 percent of their gross income, compared with the prior 45 percent standard. This is known as the debt-to-income (DTI) ratio. 

 

Read More

Fannie Mae Sheds 3,400 Delinquent Loans in NPL Sale

Fannie Mae Sheds 3,400 Delinquent Loans in NPL Sale

After nearly a month of marketing, Fannie Mae, in conjunction with Wells Fargo Securities and The Williams Capital Group, has sold 3,418 loans with a cumulative unpaid principle balance (UPB) of $581 million in a continued effort to reduce the number of delinquent loans in its portfolio. This is the companies 10th nonperforming loan sale.

Read More

Here's why Goldman Sachs is snatching up delinquent mortgages

Here's why Goldman Sachs is snatching up delinquent mortgages

Bank dominates Fannie Mae non-performing loan sales

Goldman Sachs’ purchase of a portfolio of non-performing loans from Fannie Mae earlier this week marked only the latest in a long string of purchases of severely delinquent home loans from the government-sponsored enterprise, according to an article in The Wall Street Journal by Liz Hoffman and Serena Ng.

Read More