Fannie Mae

During the peak of the Information Age, Bill Gates created an operating system that enabled computers to be used by the general consumer. Before Windows 3.0 was released, a huge portion of the general population was unable to use a computer. Not only did this open up many possibilities for consumers, but Gates ended up selling 4 million copies of Windows 3.0. His business, Microsoft, had only snowballed from there. Microsoft eventually went on to create Windows 95, and their sales numbers kept…

Enterprises (GSEs) were to fail, the US government would simply bailout the GSEs (Lewis, page 87). Investors in these countries saw mortgage-backed securities as investments that had relatively low risk and good returns. Investing in our GSEs such as Fannie Mae and Freddie Mac fit this build. “Foreign money entering into the U.S. increased from about 1.5 percent of GDP in 1995 to about 6 percent in 2006” (Holt, page 3). Even though these Mortage rates were low, the prices of homes continued to…

1). Many economists consider the crisis of 2007-2009 to be the worst financial crisis since the Great Depression. The housing market crash of 2007 was one of the major significant causes of this financial crisis. Between the period of 1995-1999, the housing market had a slow, but continuous growth. Once the stock market crash in 2000, most shareholders removed their money from stocks and put it into housing. The Federal Reserve endorsed the housing market to help create wealth and to assist in…

Arbor's Oklahoma City Office Originates Nearly $30 Million in Loans Arbor Commercial Mortgage, LLC (“Arbor”), national direct commercial real estate lender, announced in November that it funded six loans totalling nearly $30 million. Under the Fannie Mae DUS Small Loan, Freddie Mac Small Balance Loan, and FHA 223(f) programs, the mortgage company was able to secure the funding across multiple cities in Michigan -- with Vice President Mike Jehle of Arbor’s Oklahoma City office originating the…

government engaging in a series of policies with the purpose of getting the economy back on track. In addition to adopting such policies, the government engaged in large-scale bailouts. The biggest bailouts included the government-sponsored enterprises Fannie Mae and Freddie Mac, as well as the insurance giant AIG. Many economists questioned why the government bailed out certain firms while letting others (like Lehman Brothers Holdings) crumble. This paper uses Bourdieu’s theory of fields and…

After the catastrophic financial crisis and housing crash that occurred in 2008, many banks and lenders began to clamp down on the mortgage qualification process. Prior to the great recession, it was easy for borrowers to qualify for no down payment home loans and 100 percent financing. Today, the tide has drastically changed and loans with no down payment requirements are hard to come by. However, it is not impossible to find a lender willing to finance an entire loan without a down payment.…

Benjamin Franklin once said, “money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has the more one wants” (brainy quotes). 8 years ago the United States economy suffered the most extensive downturn since the Great Depression. Leading up to the financial crisis prices of homes were on the rise and home- ownership rates rose to monumental level of 68.8%. Traditionally when customers apply for a mortgage the customer would put 20%…

trusted investments and cash inflow streams for companies such as Fannie Mae and Freddie Mac as well as insurance firms like AIG. The most crucial mistake was relying on the continuous rise in housing prices so much that nearly the entire financial sector of the country was somehow dependent on the success of the housing market (Hardaway…

Modesty + Resolve + Determination • They set up successors for success: Level 5 leaders like Fannie Mae's previous CEO, David Maxwell, verify the individuals who succeed them are ready to proceed with a poused way, or to surpass the desires that emerge as a result of that achievement. Maxwell experienced harsh criticism from Congress for the apparent intemperance of his $20 million retirement bundle (Fannie Mae works under a legislature sanction). As opposed to serving his own premium toward…

mortgages that are not guaranteed or insured by any agency of the government. These are mortgage lenders that rather utilize a clear set of national regulations and standards established by the government-sponsored enterprises like Fannie Mae, Freddie Mac, or Ginnie Mae. They are generally public agencies which were directed by the federal government to purchase and market conventional mortgages. Conforming home loans follow the terms and conditions developed by the Government Sponsored…