entity

Fannie Mae

Also known as: FNMA

Facts (2)

Sources

Predatory Lending Practices - House.gov commdocs.house.gov U.S. House of Representatives, Committee on Banking and Financial Services 2 facts

claimThe National Association of Mortgage Brokers (NAMB) is collaborating with the Mortgage Bankers Association (MBA), Fannie Mae, and Freddie Mac to develop a universal registry of loan originators to eliminate abusive lending practices.

perspectiveMr. Bartlett argues that the prohibition on prepayment penalties should apply to loans up to the conforming loan level for Fannie Mae and Freddie Mac (approximately $200,000) rather than the $150,000 limit included in the bill.