Fannie Mae will no longer purchase or securitize loans on New York properties that are considered subprime under a new law passed in the state. Fannie said the New York law is effective on loans closed on or after Sept. 1. The secondary lender noted the prohibition is effective "regardless of whether any provision of the law is preempted by federal law with respect to a particular mortgage or for a particular originator."
Discuss
Add this link to...
Tell a friend
Bury
Discuss
Add this link to...
Tell a friend
Bury
Welcome to Mortgage-Lending-News.Com. The United States Mortgage Industry is at a crossroads. Hundreds of billions in loans and real estate valuations have been lost due to the sub-prime mortgage crisis. Even worse, billions more are at risk during the first half of 2008, as even more adjustable rate mortgages reset their rates. Hardly a day goes by that we don't hear of a foreclosure crisis in the news. Quite simply, there is too much news for us to keep up with, so we built this Mortgage site, initially as a means for us to internally follow what is going on in the mortgage industry. Now, we are sharing it with you.
![](\"".my_pligg_base."/templates/".The_Template."/images/expand.png\"/)
12 month free mobiles
bad credit mortage
bankruptcy
blinder
equity home loans
fdic
foreclosure
free line rental
ghd straighteners
litigation
llc
marzocchi suspension forks
mobile phones
money
mortgage advice
mortgage lenders
mortgage rates
mortgage refinace
mortgages
mothers
prams
rockshox
saxon mortgage loan modification
suspension forks
wood turning
Comments