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Federal Loans and Mortgages

Parent Category: Loans
There are many types of federal lending programs and government sponsored enterprise. Some of them include Federal Family Education Loan Program and Freddie Mac. Most have been established by Congress and are backed by Federal Reserve Banks.
The only way is to show undue hardship and you will probably need a  good lawyer.
The US Department of Housing and Urban Development (HUD) may make direct loans. You may also want to check to see if your state or municipality offers matching loans or grants.
  I don't know exactly, but through the information that I obtained and my understanding I think it goes as follows:   There are five players in the transaction:   1) borrower (home buyer) 2) lender ( let's say local bank) 3) Fannie Mae 4) Government 5) Investor ( say insurance company)  ...
Answer . Bank of America . If you are referring to the Western Federal Savings & Loan headquartered in Marina del Rey, CA, BofA did not buy them out. They were taken over by the OTS in 1983 and subsequently, through a series of law suits, proved they were not unhealthy and did not deserve a...
It is not the sub-prime interest rates which are key here, but the qualifications of the borrowers. I used to work in real estate, and, in order to buy a house, your credit history, your job stability, and your verifiable income were key issues in order to obtain a loan. During the end of the...
yes, if your loans are in default then you will be listed on the Tax offset list. Once on the list, your tax refund will be kept by the Guarantee agency until the loan is paid off or until the loans are out of default. It does not matter if you are in school or out of school. In the USA, if your...
In the USA, all Federally Guaranteed student loans have the same interest rate and same benefits. It does not matter if you get the loans from a private bank or directly from the government. Private student loans differ in interest rate and benefits for each bank. Federal Student loans have lower...
  No. If you need additional federal financial aid, you can apply for it before you return to school, just like you did before you attended school the 1st time. Once you've actually obtained more student loans that are in repayment, you may be eligible to consolidate them with your existing...
In the USA, if your Federal Student Loans are in default, then your original lender was paid 97% of your loan value by a Federal Guarantee Agency. Guarantee Agencies are basically insurance companies. When your lender was paid off, the Guarantee Agency took ownership of your loans. Guarantee...
If your loans are in default, then you are probably listed on the Tax Offset list. If you have repaid the loans through the Federal Rehabilitation program, then you may have been removed from the offset list. The only way to know is to call the IRS and ask them if your name is still on the list. ...
In the USA, if your Federal Student Loans are in default, then your original lender was paid 97% of your loan value by a Federal Guarantee Agency. Guarantee Agencies are basically insurance companies. When your lender was paid off, the Guarantee Agency took ownership of your loans. Guarantee...
Standard Federal of Michigan
You have a right to file a hardship document for any true federal student loan, this does not include private or commercial substitutes to federal loans. However, expect that your tax return should match what you claim is income, and what you might consider your affordability may not be considered...
To become an appraiser for Freddie Mac, you need to visit their  Home Steps Freddie Mac website. You can find this website through  your search engine. Click on Vendors and Freddie Mac will provide  you with all the necessary information for you to become apart of  their team.
this is boring don't ask that question
it depends on your school. Not all schools are part of perkins loan program. Ask, your financial aid office at your school to find out if they participate in the Perkins loan program. If they do, then you're eligible to receive up to $4000 every school year if you meet all the required criteria.
  No. Student loans are borrowed money, and is not considered "income;" therefore, you do not include them on your taxes.
The federal government took control of Fannie Mae and Freddie Mac on Sunday in a bid to keep the two mortgage giants from failing, catastrophes that would have made home loans harder to get and taken the nation's housing collapse to a new level of crisis.
01/11/2012 ABC Mortgage Company6543 StreetDallas TX 75022 Repurchase Request Origination Loan Number: 123456789 Issuer Loan Number: 987654321 Borrower Name: John Doe Property Address: 1234 My Street Dallas TX 75098 To Whom It May Concern: On behalf of FANNIE MAE, identified a breach of the...
  Yes. Interest from Fed Home Loan Bonds ARE federally taxable and generally are not taxed by states (I live in FL which does not have a state income tax).
  == Answer ==     yes you fill out a fasfa at fasfa.gov and follow the forms your school of attendence should be able to answer any questions that you will have
It should only take a matter of seconds to receive the results of your PLUS loan application. The application is on studentloans.gov must be filled out online by the parent of the student. If you are not filling out the application yourself, the financial aid officer at your college should be able...
Your situation is classic for communities where the board allows the number of rentals to overwhelm the number of owner-occupied units as a percentage which is unacceptable to federal backers of mortgage loans (and refinances, too). This number varies over time from about 30% to about 49% of the...
  I assume you mean   = "How do I locate all my federal student loans and name of lenders" =   try nslds.ed.gov
1989, Southeast Bank bought First Federal of Jax. Southeast was later bought out by another bank
Almost 5.5 million US students get benefit of Federal student loans every year. Those families whose income is $26,000-68,000 / year can qualify for the Federal loan. You can read about New Student Loan Laws through the Link submitted in "Related Link". To apply for Federal Student aid you need to...
  Only if you gave fraudulent info to get it, keep it, or obstruct collection of it. Keep in mind that most student loans are federal government-backed financial aid, so there are enhanced penalties for those that abuse them. Borrowers guilty of no crime can have their tax refunds and wages...
No, private lending institutions (such as banks) also give out student loans.
The main difference between Fannie Mae (FNMA; Federal National Mortgage Association) and Freddie Mac (FHLMC; Federal Home Loan Mortgage Corporation) is that Fannie May primarily buys mortgages issued by banks and Freddie Mac primarily buys mortgages issued by thrifts. A secondary difference between...
The interest rate will increase since there are fewer available  funds for the bank to loan.
You need to fill out the FAFSA first. Then you can apply for other loans. The FAFSA determines your financial need and this loan is free. So do that and then apply for other loans. With some of the other loans you will need a co-signer. So if you have someone you trust then ask them and by having...
yes, if you are applying to a school and have every intention of going.
A Fannie Mae SAM vendor is a company that has been approved by Fannie Mae to perform work for them.
When the Federal Funds Rate is increased, most banks will immediately follow by pricing their loans higher by the same amount as the increase (i.e., if a loan rate was 4.75% and the Fed Funds rate increases by 0.25%, the same loan will be priced at 5.00%, almost immediately after the Fed change)....
Yes, if you are a US citizen and your employer complies with the order of the court. If your wages are paid by a US corporation, they are subject to following the order of the court. In the case of a foreign employer, they may, or may not, choose to carry out the court's order. So-called 'private'...
no. you will have to consolidate separately. with a federal lender then a private lender.
Bankruptcy will not get U off the hook for the federal student loan. They used to have a hardship deferral, but I do not know for how long it lasts, or if that still hold true. Check the financial aid office for the latest laws and regulations.
No..there are also private student loans.
Federal loans is not the only source of financial aid for college. There are private grants and scholarships that you may qualify for where the money goes directly to you to pay for the education. The other thing to investigate is if your school would accept a Federal Grant like Pell Grant money...
Not for non-payment. Most likely, the lender will only pursue criminal charges if you hinder a repossession under 16-9-51. Some less scrupulous lenders may attempt to void your title and registration and pursue 16-8-2 or 16-8-4 get around a court appearance but that could land them on the wrong side...
i just found out that i had to pay back this year for federal taxes i just madew an offer and it was aceppted so is can i still get my va loan for a house i was already pr quailtfied by my lender before i did my 2012 taxes
established in 1970 under Title II of the Emergency Home Finance Act of 1970. This agency was established to strengthen the secondary markets in residential mortgages insured by the FHA or guaranteed by the Veterans' Administration
had sales of $50.8 billion in 2001, reflecting a one-year sales growth of 15.2 percent. Fannie Mae's net income in 2001 was $5.9 million, an increase of 32.5 percent. Freddie Mac saw its sales grow 1.7 percent to $36.7 billion during 2002
The new limit of $252,700 per single-family mortgage represented an increase of 5.3 percent over the 1999 ceiling for single-family mortgages of $240,000
The FICBs issue stock and sell participation certificates to raise capital. The majority of their loans are made for production purposes and mature within one year
Answer . You can apply, but you probably won't get it. Student loans don't have a time limit. That is, it's for life. Discharge in bankrupcy court just means that you don't have to pay it back. That doesn't mean that they will give you a new one.
Unfortunately, you can't. You can apply for a Parent Plus loan and if your parents are denied you will receive an extra $4,000 in unsubsized Stafford Loans. It is only getting more difficult to get private alternative loans with the economic crisis. Good luck.
A housing bubble is when, throughout the economy, more money has  been borrowed against the paper value of a home than it can be  resold for. During the last bubble, roughly 2007 -12, many people  had borrowed against and/or refinanced their homes up to inflated  values. Essentially, they were...
Columbia Banking Federal Savings& Loan Assn. was on 31 E main st rochester, Ny 14614. Who is the current holder of the accounts?. The assets of Columbia Banking were distributed to several financial institutions when it was dissolved. A partial list includes:. OnBank in Syracuse, NY . M&T Bank, and ...
From my point of view, to put more money in our GOVERNMENT'S POCKETS!! But from the government's point of view, to assist new found college graduates pay for college until a later date when the person pays the government back with interest.
you may be able to get a loan through a car dealer ship, if this is what you need a loan for, however, a bank will NOT lend you the money, if you do not have a co-signer and bad credit.
== Answer ==   Well congratulations on being a graduate student! If you need additional funding for your schooling and you have a bad credit score, then you need a co-signer who has a good credit score.   There are a few lenders out there that take risk on bad credit borrowers.
  They're an agency hired by the US Department of Education and numerous state guarantors for default-prevention and collections. I'd strongly recommend you talk to them.
To make owning a home affordable to everyone
Porter Stansberry is a known scam artist successfully sued for fraud. The court stated, "Stansberry's conduct undoubtedly involved deliberate fraud, making statements that he knew to be false." If he predicted their downfall as he claims, he should refer to verifiable documentation of the...
kind of because sh is not really showing that much potential
Not sure what you mean by "federal mortgage loans," but two possibilities are: Veterans Administration (VA) loans that are made by local lenders/mortgage companies and guaranteed by the federal government; and Federal Housing Administration (FHA) loans that are made by local lenders/mortgage...
Generally, credit card companies cannot "seize" money in any form. However, they could get a court ordered judgment against you, and if the company has a lien on your bank accounts, they will be able to take any money that is deposited there, regardless of the source. However, if you've defaulted...
Federal education loan as name suggests are loans granted by thefederal government. You will not be required to start repaying yourfederal student loans until you graduate, leave school, or changeyour enrollment status to less than half-time.
First I am not positive that you cannot do such. If that does hold true it could be due to a variety of details including:   - interest rates for Federal loans are set by law and are standard across the board. The financial institution you have your private loans through could vary - payment...
If your lender has a judgment against you, you may be subject to garnishment. However, your question doesn't suggest you are in default. As long as you are paying your debts, you have no need to worry. == ans ==I agree with the previous that your question is very disjointed and position difficult to...
  Mae is a creative pronunciation for Mortage Association
  The major difference , cutting right to the chase   GNMAES are DIRECT GOVERNMENT OBLIGATIONS, with Interest and principal DIRECTLY guaranteed by the US Government.   FNMAES & FREDDIE MAC - are not DRIECT OBLIGATIONS OF THE US GOVERNMENT, but are FEDERAL AGENCIES and technically are...
The term "Fannie Mae" comes from the abbreviation for the true name of Fannie Mae--the Federal National Mortgage Association (FNMA). FNMA is a government-sponsored entity. For more, see http://www.fanniemae.com/kb/index?page=home&c=aboutus
The company is called "Federal Home Loan Mortgage Corporation". The abbreviation is FHLMC, which should, but does not, sound like "Freddie Mac" See also Federal National Mortgage Association (FNMA)= Fannie Mae.
The Federal Home Loan Mortgage Corporation, more popularly known as  Freddie Mac, has been around since 1970. Its stock symbol is FMCC.
  The Mae is like May, the month.
Your loan repayment obligation is not changed because of any learning difficulty or employment difficulty you may be experiencing. It is a financial obligation - the same as if you'd bought a car and financed it. The lender wants their money repaid.   There is not a proviso on the loan that it is...
  Should I but Freddie Mac Stock now?
Depemds on underwritting and how clean the borrowers credit is usually 2_3weeks.
The Federal Direct Student Loan program is loan given to students in the United States. If you feel that you are in need of the perfect loan, then maybe this is the right one for you since it is a government loan.
Federal loans for college are available in a paper or electronic format. There are best applied for, in the semester prior to school attendance. One can set federal loans via a bank as well.
Federal Stafford loans are fixed-rate student loans for undergraduate and graduate students attending college at least half-time. Stafford loans are the alternative vis private banks
Federal loans are often easer to qualify for and the interest rates are usually lower than the loans from your bank. Banks usually require a higher credit score than do federal loan programs.