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Fannie Mae, Freddie Mac thrive as banks look for cash
Freddie Mac estimates bulk purchases of mortgages from commercial banks will reach $45 billion this year
DallasNews.com December 19
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Fannie Mae, Freddie Mac Outlook Tied To That Other Race
Recent GSE foe, Rep Richard Baker, up against Rep Marge Roukema to head House Banking committee
AOL.com December 14
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Freddie Mac looks ahead to 2001
GSE expects a total net retained portfolio growth of $50 billion to $60 billion next year
Marketwatch.com December 12
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D.C. Council Plans Vote on Foreclosures
NHEMA attorneys oppose GSE exemptions on proposal which is considered one of strongest consumer protection measures in the country
WashingtonPost.com December 4
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Fannie Mae, Freddie Mac Are Chided On Low-Income-Homeownership Effort
Recently published Fed economic paper suggested that in some situations GSE's might not help consumers
AOL.com November 30
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Fannie Mae Increases 2001 Single-Family Mortgage Loan Limit to $275,000
Increase to $351,950 for 2-family, $425,400 for three unit & $528,700 for 4 unit
FannieMae.com November 28
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FREDDIE MAC ANNOUNCES YEAR 2001 LOAN PURCHASE LIMITS
New Limits Will Save Borrowers More Than $34,000 In Interest
FreddieMac.com November 18
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Fannie and Freddie May Not Help Lower the Cost of Home Financing
Report, written by govt and private-sector economists, suggests that any consumer benefit from secondary market is dictated by originators
AOL.om November 16
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Fannie, Freddie Will Face Continued Republican Pressure
A Gore administration is unlikely to adopt new philosophy on GSE's, while Bush may support reforms for the secondary mortgage market system
WSJ.com November 9
(subscription required)
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Freddie Mac introduces in Seller Bulletin 2000-8
Announcement outlining recent product enhancements
FreddieMac.com November 7
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Remarks of OFHEO Chief At MBA's Convention
1 GSE was recently close to being undercapitalized, prompting monthly disclosure requirements by Office of Federal Housing Enterprise Oversight
Ofheo.gov October 31
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Home financing agencies deal lowers election stakes
GSE's plans for more disclosure & risk management has lowered stakes for agency debt market in elections
Individual.com October 31
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Rep. Baker Calls GSE Proposal Meaningful First Step Toward Taxpayer Victory
Statement from US Rep. Richard Baker
MBAA.org October 19
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Freddie Mac and Fannie Mae Announce Enhancements to Risk Management, Capital and Disclosure Practices and Standards
Voluntary moves in response to recent concerns over GSE's
FreddieMac.com October 19
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Republicans Fail To Restrict FHLB's New Lending Program
Mortgage Partnership Finance helps foment competition in the secondary mortgage market that is currently dominated by Fannie Mae and Freddie Mac
WSJ.com October 13
(subscription required)
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Fannie Sept. mortgage portfolio growth at 12.5 pct
Company purchased $11.5 billion of mortgage assets in September, down from $13.4 billion in August
Forbes.com October 11
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Baker pledges tougher mortgage bill
Legislation dead after talks with Fannie Mae fail
AOL.com October 4
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GSE Technology News
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Freddie Mac, Industry Groups To Develop Open Guidelines For Electronic Mortgages
Freddie Mac is enlisting the assistance of the Electronic Financial Services Council (EFSC)
FreddieMac.com November 1
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Freddie Mac and NAHREP Forge Agreement to Provide Technology to Hispanic Mortgage and Real Estate Professionals
RealEstateEspanol.com to provide homebuyers with near-instant loan decisions & reduce documentation requirements at the point of sale
Marketwatch.com September 7
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U.S. Rep and Fannie Mae Launch "Online Housing Forum"
Instantly Linked Housing Leaders hold Cyber Chats on Key Industry Issues
FannieMae.com July 28
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Fannie Mae Introduces Enhanced Desktop Underwriter
Provides Lenders and Consumers More Information, More Loan Products, and More Cost Savings
FannieMae.com July 18
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Lending Tree announces multi-year agreement with Freddie Mac
Retail lender to provide online technology to lenders
FreddieMac.com July 10
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Freddie Mac announces EarlyResolution
Internet based servicing system automates alternatives to foreclosure
FreddieMac.com June 22
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Fannie Mae Announces SURF
New Application to Aid Servicers Now Available on Fanniemae.com
MBAA.org June 22
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Bankers ask HUD to review Freddie Mac's online venture
Community bank group asks HUD to look into Freddie Mac's agreement w/Microsoft HomeAdvisor
Jacksonville.com June 13
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Freddie Mac Releases Automated Underwriting Factors Used By Loan Prospector
3 most important factors are equity, loan type and credit scores
MBAA.org June 5, 2000
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LOAN PROSPECTOR® ON THE INTERNET IS ADVANCING THE MORTGAGE MARKETPLACE
Survey Finds that Loan Prospector on the Internet is Strengthening Business Relationships, Increasing Loan Volumes and Speeding Underwriting Decisions
FreddieMac.com May 8
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Freddie Mac will team up with First American Financial Corp., Santa Ana, Calif., to offer First Americans FAST suite of mortgage solutions as an e-commerce tool on its GoldWorks network
MBAA.org May 2
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Fannie Mae Unveils MORNETPlus on the Web
Lenders Can Now Access Automated Underwriting and Other Mortgage Transaction Services on Fanniemae.com
FannieMae.com March 23
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FREDDIE MAC UNDERWRITERS PLAN TO MARKET NEWEST FIVE-YEAR REFERENCE NOTES SALE USING THE INTERNET
Merrill Lynch & Co. and Warburg Dillon Reed to Initiate Web-based Bond Platforms
FreddieMac.com January 4
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