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"We try to keep credit standards high so as to minimize losses," said Timothy Mayopoulos, Fannie's CEO.
BY Brian Collins
Going forward, Fannie Mae will be relying more on loan guarantee fee income from its single-family and multifamily businesses.
American International Group's mortgage insurer, United Guaranty Corp., is seeking to raise about $700 million to $800 million as it sells shares to the public, according to people familiar with the matter.  more »
The Federal Housing Finance Agency announced Wednesday it had raised a cap on the amount of multifamily loans Fannie Mae and Freddie Mac can buy from lenders, boosting it to $35 billion effective immediately.  more »
Mortgage rates are now hovering just above their low point for the year, according to Freddie Mac.  more »
Lending standards tightened once again in April, according to the Mortgage Bankers Association.  more »
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Posting educational videos on YouTube and social media helped Kelly Zitlow land a spot on "Designing Spaces."
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