The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a government-sponsored enterprise that facilitates mortgage financing by purchasing mortgage loans from lenders.
Explore the Primary Mortgage Market where mortgages are originated between borrowers and lenders. Understand the key players, processes, and significance in the real estate and finance sectors.
Understand what a FICO score is, how it is calculated, its historical context, and its implications for both consumers and lenders.
A comprehensive overview of the Community Reinvestment Act (CRA), a federal law aimed at encouraging lenders to meet the credit needs of their communities. Learn about its historical context, implementation, impacts, and more.
Comprehensive guide on lenders, including their definition, different types, and the decision-making processes they employ for loans.
Comprehensive analysis of qualifying ratios used by lenders in loan underwriting, including definitions, calculations, applications, historical context, and examples.
A comprehensive overview of the Rule of 78, how lenders use it to calculate interest charges on loans, the method for calculation, and implications for borrowers.
