0
What else can I help you with?
Who is the president of the Federal Home Loan Mortgage Corporation?
Maxine B. Baker is the president of the Federal Home Loan Mortgage Corporation which is also referred to as Freddie Mac. She is also the CEO of the company.
When was the Federal Home Loan Mortgage Corporation established?
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
Why did the federal government take over fannie Mae and Freddie mac?
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.
Philadelphia is home to the first federal structure comissioned by the federal government what is it?
The U. S. Mint
Was the role of the federal housing administration?
To insure home loans
Is a mortgage considered a debt?
Yes, a mortgage is considered a debt because it is a loan that must be repaid over time, typically with interest, in order to purchase a home.
Is a mortgage considered as debt?
Yes, a mortgage is considered a type of debt because it is a loan that you have taken out to buy a home, and you are required to make regular payments to pay it off.
Is a mortgage considered good debt?
Yes, a mortgage is generally considered good debt because it is an investment in a valuable asset, such as a home, that can potentially increase in value over time.
Is a mortgage considered debt?
Yes, a mortgage is considered a type of debt because it is a loan that you borrow to buy a home, and you are required to repay the loan amount plus interest over a period of time.
Is a mortgage considered a good debt?
A mortgage is generally considered a good debt because it is an investment in a valuable asset, such as a home, that can potentially increase in value over time. Additionally, mortgage interest rates are often lower than other types of debt, making it a more affordable form of borrowing.
Why is mortgage considered a good debt?
A mortgage is considered a good debt because it allows individuals to invest in a valuable asset, such as a home, which can appreciate in value over time. Additionally, mortgage interest rates are typically lower than other types of debt, making it a more affordable way to borrow money.
What type of debt is a mortgage?
A mortgage is a type of debt that is used to finance the purchase of a home or property.
Does consumer debt include mortgage payments?
Consumer debt typically refers to debt incurred by individuals for personal or household expenses, such as credit card debt, student loans, and car loans. Mortgage payments, which are specifically for purchasing a home, are not typically considered consumer debt.
Can you keep your home after filing bankruptcy if you have a second mortgage if you want to reaffirm with your first mortgage?
Whether or not a home is forfeited depends on the state or federal homestead exemption, and if the lender is willing to reaffirm the loan agreement. Second mortgages are considered secured debt and have the same legal standing as first mortgages.
Can you use a second mortgage as a down payment?
You can use a 2nd mortgage on a home for the down payment of another home. The payment for the 2nd mortgage will need to be added to your debt ratios.
What are the types of federal mortgage loans?
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 companies and insured by the federal government. Also, the USDA offers subsidized loans to farmers and low-income homeowners in rural areas. Other possibilities are Federal National Mortgage Association (FannieMae) and Federal Home Loan Mortgage Corporation (FreddieMac). They are considered Government-sponsored Enterprises. They purchase mortgage loans that are made by local lenders/mortgage companies.
Can I get home equity with Mortgage Refinance Debt Consolidation?
I think you probably can get home equity with mortgage refinance debt consolidation. You will need to sit down with your lender in order to get the refinance done. It's almost like applying for a mortgage all over again.
