Talk:Federal National Mortgage Association
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I put in an overview of the accounting scandal. Those who have more knowledge of finance/accounting please put in more details about the derivative valuation issue. Shawn Pickrell 16:54 UTC 21 Dec 2004
The speech Remarks by Chairman Alan Greenspan Risk Transfer and Financial Stability To the Federal Reserve Bank of Chicago's Forty-first Annual Conference on Bank Structure, Chicago, Illinois (via satellite) May 5, 2005 provides some fascinating background on derivatives and the GSEs. --J. W. McLeod 22:52, 21 May 2005 (UTC)
What's a GSE, as described in the article? This probably needs to be clarified.
A GSE IS A 'government sponsored entity'...
the mention of the 50,000 donation in the Awards section seems out of place.. perhaps in a criticism or controversy section?
I agree...that has nothing to do with awards. Seems like a non-objective stab at FM.
It seems to me that Fannie mae is the savings and loan industry rolled up in to a single entity. We all know what happened to the savings and loan industry. I remained highly concerned, that more problems are being concealed at Fannie and that the company is in much worse condition than anyone realizes. Thoughts?
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[edit] Explicit guarantee
I inserted the word "explicit" in the intro. Clearly, Fannie Mae does not have any explicit guarantee of its debt or equity securities by the federal government; however, it clearly benefits in the debt markets from what the market perceives as an implicit government guarantee. --The Outhouse Mouse 15:33, 16 April 2007 (UTC)
should be in the article:
[edit] How Fannie Mae Guarantees Repayment of Interest
The controversy on Fannie Mae's guarantee of full repayment of principle and interest is generated with the concern of How can this corporation guarantee this statement when, if conforming borrower was to either sell their existing property, refinance into a new loan or go into foreclosure the existing principle would be paid off and therefore the interest would cease to be collected.? What FNMA does in situations like these is buy bail bonds or other types of investments, with the said money described in the payoff statement (remaining balance), that equals the amount of interest collected prior to repayment of the existing balance. Many lenders require prepayment penalties to help the onset of buying knew bail bonds for investments (note: not all prepayment penalties affect the selling of a home, these are referred to as soft prepays). If a person was to go into foreclosure within the first year of receiving a mortgage loan (or a deed of trustee), the bank funding has to re-buy the loan, and may have to within the first 3 years. This is has recently been a topic of major controversy with the "sub-prime meltdown" causing numerous banks to repurchase their secondary notes as well as primary notes (if sold), the banks that could not afford to purchase the notes have either closed their doors, filed bankruptcy or have been bought out by larger companies.
this addition needs to highly edited. Axedmt 18:26, 2 May 2007 (UTC)
[edit] Fair use rationale for Image:Fannie Mae.gif
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[edit] Fair use rationale for Image:Fannie Mae.gif
Image:Fannie Mae.gif is being used on this article. I notice the image page specifies that the image is being used under fair use but there is no explanation or rationale as to why its use in this Wikipedia article constitutes fair use. In addition to the boilerplate fair use template, you must also write out on the image description page a specific explanation or rationale for why using this image in each article is consistent with fair use.
Please go to the image description page and edit it to include a fair use rationale. Using one of the templates at Wikipedia:Fair use rationale guideline is an easy way to insure that your image is in compliance with Wikipedia policy, but remember that you must complete the template. Do not simply insert a blank template on an image page.
If there is other fair use media, consider checking that you have specified the fair use rationale on the other images used on this page. Note that any fair use images uploaded after 4 May, 2006, and lacking such an explanation will be deleted one week after they have been uploaded, as described on criteria for speedy deletion. If you have any questions please ask them at the Media copyright questions page. Thank you.
BetacommandBot 02:39, 6 September 2007 (UTC)
