Fannie Mae has announced the appointment of 26 new members to its 55-member Housing Impact Advisory Council, which meets three times a year with the company's senior management to discuss affordable housing issues.One of the new appointees, Lloyd W. Brown II, senior vice president and division executive for the Bank of New York's community development division, will co-chair the council along with returning member Loretta A. Armenta, president and chief executive officer of the Albuquerque Hispano Chamber of Commerce. Council members include civic leaders; executives of nonprofit organizations, state housing agencies, and financial institutions; developers; and professionals in the fields of law, housing, and real estate. Members serve staggered two-year terms. Fannie Mae can be found online at http://www.fanniemae.com.
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The San Diego company was back in the black with a net income of $28.5 million in the first quarter of 2024, up from a net loss of $93 million the previous quarter.
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The agreements at the heart of the hearing did not cover the one reached with the National Association of Realtors or those people that only bought homes.
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Feds say Chicago businessman Mark Steven Diamond defrauded at least 80 victims and caused at least $6 million in losses.
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Fannie Mae's tool, used by originators to determine income levels for self-employed borrowers, aims to help them avoid potential underwriting errors, the government-sponsored enterprise said.
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The 30-year fixed rate mortgage fell for the first time in six weeks as the Federal Open Market Committee meeting outcome is finally priced in.
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The home purchase market right now is healthier than it was last year, said CEO Mat Ishbia, noting a 24% increase in volume over the recent period compared to Q1 2023.
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