fannie mae: Fannie Turns a Profit. What's in Store For Home Buyers?
- 02/28/11 05:46 AM
It's the first time in three years, but Fannie Mae's Q4 earnings are actually in the black. What's up with that? If you've purchased a home in 2009 or 2010 you know that a big reason is due to new lending guidelines which has given every Realtor, Originator and Processor ulcers. BUT, their conventional loan book of business is looking really strong with a weighted loan-to-value at 68% and a weighted overal credit score of 762. It's a nice headline but the let's not forget about the $91.2 billion in taxpayer support Fannie's requested since placed into conservatorship in September 2008. … (0 comments)
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It's the first time in three years, but Fannie Mae's Q4 earnings are actually in the black. What's up with that? If you've purchased a home in 2009 or 2010 you know that a big reason is due to new lending guidelines which has given every Realtor, Originator and Processor ulcers. BUT, their conventional loan book of business is looking really strong with a weighted loan-to-value at 68% and a weighted overal credit score of 762. 
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