Fannie Mae
WASHINGTON, December 15, 2011 -
Fannie Mae (OTC Bulletin Board: FNMA) priced its eighth Multifamily DUS REMIC in 2011 totaling $513 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on December 13, 2011.
WASHINGTON, December 15, 2011 -
- STAR Program Drives Improved Customer Service and Foreclosure Prevention Outcomes; Several Servicers Make Strides in Third Quarter
Today, Fannie Mae(OTC Bulletin Board: FNMA) announced Servicer Total Achievement and Rewards (STAR) Program results through the third quarter of 2011. The STAR program, announced in February 2011, measures the performance of servicers with an emphasis on foreclosure prevention. Encouraging servicer improvements through the STAR Program is an important component of Fannie Mae's overall efforts to prevent foreclosures and stabilize neighborhoods.
"The STAR program evaluates servicers' capabilities and results and holds them accountable for preventing foreclosures and protecting the interests of American taxpayers," said Tara Clayton, Vice President of Servicer Review and Measurement, Fannie Mae. "STAR is making a difference when it comes to increasing servicers' focus on areas of critical importance to homeowners, Fannie Mae, and the market."
Servicers are categorized into three peer groups based on the number of Fannie Mae loans they service and measured based on performance metrics and results from operational assessments across key business processes. As of the end of the third quarter, the following servicers are on track to be at or above median performance in order to achieve at least a three STAR rating for 2011:
Peer Group One (consisting of 11 servicers) - CitiMortgage, Inc., Everbank, GMAC Mortgage, LLC (Ally Bank), Wells Fargo, N.A.
Consumer Concerns Stabilize in November; Downward Slide of Consumer Sentiment Appears to Have Halted
WASHINGTON, December 7, 2011 -
- Home Price Expectations Improve While Other Indicators Show Little Change in Trend
Amid a spate of positive economic news during the November survey period, consumer sentiment appears to have stabilized from previous levels, with only incremental improvement in the deeply negative housing market sentiment witnessed this summer.
WASHINGTON, December 1, 2011 -
Fannie Mae (OTC Bulletin Board: FNMA) announced today that it will suspend evictions of foreclosed single family and 2-4 unit properties from December 19th, 2011 through January 2nd, 2012. During this period, legal and administrative proceedings for evictions may continue, but families living in foreclosed properties will be permitted to remain in the home.
WASHINGTON, December 1, 2011 -
Fannie Mae (OTC Bulletin Board: FNMA) today announced that it will not utilize its Benchmark Notes announcement date this month.
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