You are probably asking about the owner-occupancy requirements relative to the tenant-occupancy rates in the community.
Lately, this has been a moving target, with several changes and adjustments being made by Fannie Mae during the past 12 months.
Your local realtor can help you determine the current requirements for the area where you plan to seek a mortgage on a condominium unit.
To bid on a Fannie Mae property, potential buyers typically need to be pre-approved for financing or have proof of funds if purchasing with cash. Bidders must also register with Fannie Mae's online auction platform, HomePath, or work with a licensed real estate agent familiar with the process. Additionally, it's essential to review the property’s listing for specific requirements and conditions related to the bidding process.
Serving Fannie Mae involves providing support in areas like loan origination, underwriting, and servicing to ensure compliance with their guidelines and requirements. It includes offering products that meet their standards, managing risk effectively, and facilitating the secondary mortgage market. Additionally, maintaining clear communication and reporting to Fannie Mae about loan performance and market conditions is essential for successful partnership.
A Fannie Mae SAM vendor is a company that has been approved by Fannie Mae to perform work for them.
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 ticker symbol for Fannie Mae is FNM and it is traded on the New York Stock Exchange.
Fannie Chaney's birth name is Fannie Lee Roberth.
Fannie Farmer was American.
There are some income and financial requirements that you must meet in order to qualify for the HARP program. These requirements include that the mortgage must be owned or guaranteed by Fannie Mae or Freddie Mac and the borrower must be current on the mortgage.
Fannie Hurst died in 1968.
Fannie Hurst was born in 1889.
Fannie Porter was born in 1873.
Fannie Sellins was born in 1872.
Fannie Farmer was born in 1857.
Fannie Greenberg died in 2007.
Fannie Greenberg was born in 1895.
Fannie Salter died in 1966.
Fannie Salter was born in 1883.