Fannie Mae, formally known as the Federal National Mortgage Association (FNMA), is a government-sponsored enterprise (GSE) in the United States. Established in 1938, its primary mission is to ensure ...

Mortgage lenders who do business with the Government Sponsored Enterprises (“GSEs”) should note recent updates to their reconsideration of value (“ROV”) requirements. On September 3, Fannie Mae and ...

Starting Nov. 15, Fannie Mae is eliminating its 620 minimum middle credit score requirement for purchase and refinance home loan credit decisions. Fannie is following Freddie Mac’s lead from several ...

HomeReady mortgages are a type of conventional loan for lower-income borrowers, backed by Fannie Mae. To qualify for a HomeReady loan, your income can’t exceed more than 80 percent of your area’s ...

On October 2, the FHFA issued a notice of proposed rulemaking (NPRM) announcing the FHFA’s intent to withdraw several regulatory requirements for FHLBanks as well as Fannie Mae and Freddie Mac.